CFA知識(shí)點(diǎn)家做題是很多備考的模式，在CFA沖刺備考階段做題是很必要的，那在CFA一級(jí)考試中是不是掌握了CFA知識(shí)呢？如果你在備考CFA一級(jí)考試這邊有CFA一級(jí)考試題！

1、Assume that a company with several debt issues trading in the market files for bankruptcy (i.e., a credit event takes place). What is the cheapest-to-deliver obligation for a CDS contract where the reference bond is a five-year senior unsecured bond?

A. A subordinated unsecured bond trading at 20% of par

B. A five-year senior unsecured bond trading at 50% of par

C. A two-year senior unsecured bond trading at 45% of par

解析：選C。A項(xiàng)屬于次級(jí)債券，不符合CDS的承保條件。然后相比于50%，45%要小一些。


2、A company borrows €15 million from a bank for 1 year at a rate of LIBOR, currently 4.75%, plus 50 basis points. At the same time, the company enters a 1-year, plain vanilla interest rate swap to pay the fixed rate of 5.25% and receive LIBOR. Payments are made on the basis of 180 days in the settlement period. Floating payments are made on the basis of 360 days in a year while fixed payments are made on the basis of 365 days in a year. LIBOR is 5.00% on the first settlement date. The company’s total interest expense for the loan and swap for the first settlement period is closest to:【單選題】

A.€388,400.

B.€425,900.

C.€444,600.

正確答案:B

解析：The company pays the swap dealer the fixed rate of 5.25%, pays the bank Libor of 4.75% (as set at the beginning of the period) plus .50% and receives Libor of 4.75% from the swap dealer.

Fixed payment: (15,000,000)(.0525)(180/365) = 388,356

Floating payment: (15,000,000)(.0475+.005-.0475)(180/360) = 37,500

Net interest expense: 425,856

CFA考試題是不是不用做了？CFA考試知識(shí)掌握來了？如果你覺得CFA考試能通過你可以不做CFA考試題了，這邊有CFA模擬機(jī)考測(cè)試，有需要可以參與！