23周年

财税实务 高薪就业 学历教育
APP下载
APP下载新用户扫码下载
立享专属优惠
安卓版本:8.6.69 苹果版本:8.6.69
开发者:北京东大正保科技有限公司
应用涉及权限: 查看权限>
APP隐私政策: 查看政策>

"Corporate Finance":Annual cost of trade credit

来源: 正保会计网校 编辑:小鞠橘桔2020/12/07 14:13:40 字体:

学习是一个不断积累的过程,每天学习一点,每天进步一点!为了帮助大家更高效地备考2021年CFA考试,正保会计网校每日为大家上新CFA习题供大家练习。让网校与您一起高效备考2021年CFA考试,梦想成真!

Questions 1:

If a 90-day $10,000 US Treasury security is selling for $9,870, the discount-basis yield is closest to:

A 、5.27%.

B、 5.34%.

C、 5.20%.

Questions 2:

The annual cost of trade credit assuming a 365-day year for terms 3/10 net 40 is closest to:

A 、43.3%.

B 、44.9%.

C、 32.0%.

View answer resolution
【Answer to question 1】C

【analysis】

C is correct.

Corporate Finance:Annual cost of trade credit

A is incorrect because it is the money market yield [= discount basis yield × ($10,000/$9,870)].

B is incorrect because it is the bond equivalent yield [= discount basis yield × ($10,000/$9,870) × (365/360)].

【Answer to question 2】B

【analysis】

B is correct.

Corporate Finance:Annual cost of trade credit

C is incorrect because the “number of days beyond discount” is set to 40.

A is incorrect because (1 + 3%) is the rate being compounded.

成功=时间+方法,自制力是这个等式的保障。世上无天才,高手都是来自刻苦的练习。而人们经常只看到“牛人”闪耀的成绩,其成绩背后无比寂寞的勤奋。小编相信,每天都在勤奋练习,即使是一点点的进步,大家一定可以成为人人称赞的“牛人”。

点击了解更多CFA考试资讯>>


回到顶部
折叠
网站地图

Copyright©2000 - 2023 www.fawtography.com All Rights Reserved. 北京东大正保科技有限公司 版权所有

京ICP证030467号京ICP证030467号-1出版物经营许可证京公网安备 11010802023314号

正保会计网校

报考小助理

备考问题
扫码问老师