2020年CFA考試《CFA三級(jí)》考試共題，分為。小編為您整理Risk Management Applications of Derivatives5道練習(xí)題，附答案解析，供您備考練習(xí)。

1、【單選題】

A.correct.

B.

C.

正確答案:A

答案解析:A is correct. Darc’s statement in concern #3 describes buying a straddle. A long straddle is one 

2、【單選題】

A.43.

B.46.

C.49.

正確答案:A

答案解析:Demonstrate the use of futures to adjust the allocation of a portfolio across equity sectors and

3、【單選題】

A.sell a payer swaption.

B.buy a payer swaption.

C.buy a receiver swaption.

正確答案:B

答案解析:B is correct. The buyer of a payer swaption holds the right to become the pay-fixed, receive-floating 

4、Is Bazlamit's statement on the type of currency risk faced by Viewmont Corporation and the proposed hedge most likely correct?【單選題】

A.No, she is incorrect with regard to the type of forward contract.

B.No, she is incorrect about the type of currency risk.

C.Yes

正確答案:B

答案解析:Since the fear is that the U.S. dollar will weaken against the Brazilian real, the appropriate hedge is to enter into a long forward contract to lock in the purchase price of the real. She is correct in this regard. But Bazlamit is incorrect about the type of currency risk. The currency risk faced here is best described as transaction exposure, not translation exposure.

5、Assuming Silva's advice is followed and Libor rates are 5% and 6% on 15 October 2013 and 15 December 2013, respectively, the effective annual interest rate on Short Hills Corporation's loan is closest to:【單選題】

A.3.50%.

B.5.42%.

C.4.64%.

正確答案:B

答案解析:The effective annual rate is calculated as follows: