2020年CFA考試《CFA三級》考試共題，分為。小編每天為您準備了5道每日一練題目（附答案解析），一步一步陪你備考，每一次練習的成功，都會淋漓盡致的反映在分數上。一起加油前行。

1、【單選題】

A.Expected returns

B.Correlation of returns

C.Standard deviations of returns

正確答案:B

答案解析:B is correct. After-tax portfolio optimization requires adjusting each asset class’s 

2、Based on Exhibit 1, the cash required to rebalance the Lerida portfolio is closest to:【單選題】

A.€12,027,000.

B.€533,000.

C.€3,331,000.

正確答案:A

答案解析:The portfolio has to be rebalanced to the initial level of dollar duration. The portfolio market value and dollar duration are provided for both periods. First calculate dollar duration as: Market value × Duration × 0.01.

3、【單選題】

A.exhibit characteristics of multiple investor types.

B.retain the same emotional biases as they become older.

C.exhibit primarily emotional or cognitive biases, but not both.

正確答案:A

答案解析:A is correct. A limitation of behavioral models is that individual investors do frequently 

4、【單選題】

A.Statement 1.

B.Statement 2.

C.Statement 3.

正確答案:C

答案解析:C is correct. Statement 3 is most consistent with expected utility theory. The client exhibits self-control 

5、【單選題】

A.

B.

C.

正確答案:A

答案解析:A is correct. Jollie’s transaction is a legitimate market order in a thinly-traded security, and Mahsud