2015年CFA考试一二三级报名第一阶段开始!

合集下载

cfa报名3个阶段有什么区别

cfa报名3个阶段有什么区别
cfa报名费用包含注册费、考试费与考试税费，其中cfa报名3个阶段的考试费与考试税
费是不同的，考试费（一阶段650$，二阶段950$，三阶段1380$），考试税费（40$-
80$左右，具体以报名时显示为准)。

如果是cfa一级报名还需要缴纳450$注册费。

CFA考试费用以美元结算，分为三个部分：
注册费(Enrollment Fee)：只需刚开始注册CFA考试时缴纳，即意味着在报考二级、三级
考试时无需再缴。

考试费(Registration Fee)：每次报考时都需要缴纳，考试费依据报名时间的早晚而不同，越早报名越优惠。

考试税费(Sales Tax)：刚报名考试对应“新考生税费”，已经报名参加过考试的考生对
应“老考生税费” 。

2024cfa三级考纲

2024cfa三级考纲摘要：一、CFA三级考试概述1.CFA简介2.CFA三级考试的重要性3.2024年CFA三级考纲概述二、2024年CFA三级考试科目及权重1.科目一：投资工具和策略2.科目二：资产估值和投资组合管理3.科目三：财富管理和合规三、2024年CFA三级考试知识点详细解读1.科目一：投资工具和策略a.股票投资b.债券投资c.衍生品投资d.投资策略2.科目二：资产估值和投资组合管理a.资产估值方法b.投资组合管理c.风险管理3.科目三：财富管理和合规a.财富管理策略b.合规与监管c.职业伦理四、2024年CFA三级考试备考建议1.制定合理的学习计划2.参加培训课程3.多做模拟题4.关注考试动态正文：【提纲】一、CFA三级考试概述CFA（Chartered Financial Analyst）即特许金融分析师，是全球金融领域最具权威的专业资格认证。

CFA三级考试是CFA认证中的最后一级，考察考生对投资工具、资产估值和投资组合管理、财富管理和合规等方面知识的掌握程度。

本文将重点解读2024年CFA三级考纲，为考生提供备考指南。

二、2024年CFA三级考试科目及权重2024年CFA三级考试共分为三个科目，分别是：1.科目一：投资工具和策略，权重为50%；2.科目二：资产估值和投资组合管理，权重为30%；3.科目三：财富管理和合规，权重为20%。

三、2024年CFA三级考试知识点详细解读1.科目一：投资工具和策略a.股票投资：涉及股票投资的基本原则、股票分析方法、股票投资策略等；b.债券投资：涵盖债券投资的基本原则、债券分析方法、债券投资策略等；c.衍生品投资：涉及衍生品的基本概念、衍生品的定价与估值、衍生品投资策略等；d.投资策略：包括资产配置、投资组合优化、风险管理等方面的知识。

2.科目二：资产估值和投资组合管理a.资产估值方法：涵盖股票、债券、衍生品等资产的估值方法；b.投资组合管理：涉及投资组合的构建、优化、风险管理等方面的知识；c.风险管理：包括风险的识别、度量、管理等方面的知识。

cfa三级报考条件

cfa三级报考条件
CFA中文全称为特许金融分析师，是国际上最具权威性的证券分析和投资管理专业认证。

而CFA三级则是高级认证水平，需要满足一定的报考条件。

下面就为大家详细介绍CFA三级报考条件。

一、教育背景
报考CFA三级需要具备学士学位或同等学历，也就是大致相当于国内的本科，这意味着学历水平要达到一定的标准。

二、经验要求
想要报考CFA三级，必须至少要投资相关领域有4年以上的工作经验，其中可以包括从事投资研究、证券分析和投资管理等工作，这是非常重要的一点。

三、通过前两级考试
在报考CFA三级之前，必须先通过CFA一、二级考试，考生需要一步步往上攀登，每一级都要认真准备和全力以赴，才能顺利通过。

四、成为CFA协会会员
在通过前两级考试之后，想要报考CFA三级，还需要成为CFA协会的会员。

CFA协会是全球最具权威性的金融分析师组织之一，成为会员不仅可以提高专业认可度，也可以通过协会平台获取最新、最全面的金融信息。

五、道德准则
CFA三级考试还需要考生具备良好的职业道德，因为金融行业对职业道德的要求非常高，考生需要签署并遵守协会的职业准则和道德规范。

综上所述，想要报考CFA三级，需要具备学士学位或同等学历，至少4年以上相关工作经验，通过前两级考试，成为CFA协会会员，同时具备良好的职业道德。

这对想要进军金融行业，提升自身职业素质的人士来说无疑是一份极大的诱惑。

希望广大考生能够认真准备，在CFA三级考试中取得好成绩！。

CFA考试一二三级复习攻略大全

2.投入学习的时间相应调整学习时间的安排，有侧重的并有效的来规划学习时间。

CFA每个级别都有18个章节，考生每周最少要花10-15个小时，持续18个星期的时间来学习协会指定的内容，考生制定的考前时间规划表要在考前30-45天完成所有知识的第一次学习。

考前最后4-6周的时间，考生要巩固前面所学的内容，做好习题的演练，其中一定要包括协会的samplequestion和mockexam。

3.精读CFA的知识体系（CandidateBodyofKnowledge简称CBOK）和协会的教材（curriculum）细分并详述了投资行业各个部分的要点。

建议考生一般先看SchweserStudyNotes，将每一个Session都学习之后，如果有不理解的知识点，可以通过Curriculum对相应的内容进行查看。

对于一级考生，重点学习Level1的SchweserStudyNotes辅助CFA协会官方教材的章节习题及道德手册就可以了。

4.计算器的使用熟练掌握CFA指定的金融计算器，仅三种计算器（BAIIPlus、BAIIPlusProfessional、HP12C）可带入考场，推荐考生使用性价比较高的德州仪器BAIIPlus。

5.复习阶段学习是一个逐步积累的过程，要成体系的看待自己学习的知识。

考生要不断夯实基础，温故知新。

考生都要不断的温习以前学过的知识。

6.习题冲刺阶段针对考试，CFA协会每年都会提供online questions，帮助考生做好相关准备，大致预测考试所需时间。

模拟试题都会紧扣考纲，题型和结构都满足CFA协会的相关要求。

Level 2准备时间了两个月，成绩全A。

这个就是我说反面教材的例子了。

一级轻松到手之后，飘飘然了，立刻报了来年二级，但是直到四月还在看第一本Notes。

如果说一级用三个月准备还算合理，那二级准备两个月就和自杀是差不多的节奏。

结果到后来我就急了，两个月时间，要完成我读三遍Notes的目标，就必须废寝忘食。

cfc证书报考条件

cfc证书报考条件
CFC证书报考条件
CFC证书是指国际金融管理师证书（Certified Financial Consultant），它是全球金融顾问行业的重要认证之一。

想要申请报考CFC证书，需
要满足以下条件：
1. 学历要求：一般来说，申请人需要具备高中或同等学历以上的教
育背景。

大部分考生持有本科学位或以上学历。

2. 职业背景：CFC证书报考主要针对金融领域的从业人员，如金融
顾问、财务分析师、投资经理等。

因此，应申请人需要在金融或相关
领域有相关的工作经验。

3. 基础知识：CFC证书的考试涉及金融管理、投资分析、风险管理
等方面的知识。

考生需要有一定的金融基础，并具备相关知识以应对
考试的要求。

4. 英语能力：CFC证书的考试通常使用英语。

因此，考生需要具备
良好的英语听、说、读、写能力，以便理解和应对考试内容。

5. 考试费用：申请报考CFC证书需要支付相应的考试费用。

费用
金额因考试所在地和机构而有所差异。

考生需留意官方的相关通知，
了解具体的考试费用支付方式和标准。

想要报考CFC证书，需要具备相关教育背景和金融从业经验，并
具备一定的金融基础知识和英语能力。

了解和满足这些条件，考生便
可以顺利参加CFC证书的考试。

请考生关注官方网站或相关机构，获
取最新的报名和考试信息。

cfa 2024 三级

cfa 2024 三级摘要：一、CFA 简介1.CFA 的定义2.CFA 的发展历程3.CFA 的三个级别二、CFA 2024 三级考试1.考试时间2.考试内容3.考试难度三、CFA 2024 三级备考策略1.制定学习计划2.参加培训班3.多做练习题4.模拟真实考试四、CFA 2024 三级考试的重要性1.提升个人金融素养2.增加职业竞争力3.扩大就业领域正文：CFA，全称Chartered Financial Analyst，中文名称为特许金融分析师，是全球金融领域最具权威的专业资格认证。

CFA 自1963 年成立以来，已经在全球范围内发展成为一个拥有超过170,000 名会员的专业组织。

CFA 认证分为三个级别，分别是基础知识（Level I）、应用知识（Level II）和投资管理（Level III）。

CFA 2024 三级考试作为CFA 认证的最高级别，将于2024 年举行。

对于金融从业者来说，CFA 2024 三级考试既是挑战，也是提升自身金融素养的绝佳机会。

为了顺利通过CFA 2024 三级考试，考生需要提前做好充分的备考准备。

首先，制定合理的学习计划是成功备考的关键。

考生应结合自己的实际情况，合理安排学习时间，确保每个知识点都能得到充分的复习。

同时，考生还需关注CFA 协会官方发布的考试大纲和考题样本，以便更好地了解考试重点和命题趋势。

其次，参加专业的CFA 培训班有助于提高考生的学习效果。

培训班可以帮助考生系统地学习CFA 课程知识，提供专业的解题技巧和方法，使考生在有限的时间内取得最佳的学习成果。

此外，多做练习题和模拟真实考试也是提高CFA 2024 三级考试成绩的重要途径。

通过大量练习，考生可以巩固所学知识，提高解题速度和准确率。

模拟真实考试可以让考生熟悉考试环境，增强考试信心。

总之，CFA 2024 三级考试对于金融从业者来说具有重要意义。

通过CFA 三级考试，考生不仅可以提升自身的金融素养，还能在激烈的职业竞争中脱颖而出。

CFA考试试题汇编(含答案)[完整版]

CFA考试试题汇编(含答案)[完整版]1. Which of the following statements about the CFA Institute's Professional Conduct Program (PCP) is least accurate?A. Possible sanctions include condemnation by a member's peers or suspension of a candidate's participation in the CFA Program.B. If the Designated Officer determines that a sanction against a member is warranted, the member must either accept the sanction or lose the right to use the CFA designation.C. Members who cooperate with a PCP inquiry by providing confidential client information to PCP staff are not in violation of Standard III(E) Preservation of Confidentiality.【答案】B2. Robert Miguel, CFA, is a portfolio manager for a large investment advisory firm. In appreciation of his impressive portfolio returns last quarter, one of his clients, Kevin Goodman, has invited Miguel and his wife to be his guests at his luxury suite for a major league baseball playoff game. Miguel, a baseball fan, accepts the invitation and attends the game. The next day at work, Miguel doesn't mention to his supervisor that he attended the game as a guest of the client. According to the Standard concerning independence and objectivity and the Standard on knowledge of the law, Miguel's actions are in violation of."A. both of these Standards.B. neither of these Standards.C. only one of these Standards.【答案】A3. Ann Smith, CFA, calls Bill Jones, CFA, and tells him that her research shows that Biokem Company is underpriced and that earnings per share will exceed $3.00 this year. Jones had never heard of Biokem before her call but knows that Smith is widely considered to be the best analyst in her sector. Smith's research has been released publicly, and Smith tells Jones he's "welcome to it." After their conversation, Jones arranges a conference call with his firm's portfolio managers and announces that Biokem is underpriced and will likely earn over $3.00 per share this year. During the call with the portfolio managers, Jones does not reference his conversation with Smith. According to the Standards that concern misrepresentation and diligence and reasonable basis, Jones violated:A. both of these Standards.B. neither of these Standards.C. only one of these Standards.【答案】A4. Doug Watson, CFA, serves in a sales position at Sommerset Brokerage, a registered investment adviser. As part of his employment,he is expected to entertain clients. Frequently at these client outings, Watson drinks excessively. On one occasion, after dropping off a client, Watson was cited by local police for misdemeanor public intoxication. According to the Standard on knowledge of the law and the Standard on misconduct, Watson is in violation of:A. both of these Standards.B. neither of these Standards.C. only one of these Standards.【答案】B5. Kevin Richards is a performance analyst for Reliable Advisors, a retail investment advisory and consulting firm. Richards, who is a Level I CFA candidate, was hired-as part of the firm's efforts to attract CFA candidates into critical areas of the firm, such as performance measurement and attribution. Richards' supervisor instructs him to reference the firm's compliance with GIPS in marketing materials to attract more clients. For Richards' reference to the firm's GIPS compliance to be accurate, Reliable is least likely required to:A. apply GIPS compliance firm wide and not only to the specific asset classes mentioned in the marketing materials.B. claim compliance with GIPS only if it has a compliant performance history of five years or more.C. include all discretionary fee-paying accounts in composites basedon their investment objectives and/or strategies.【答案】B6. Peter Taylor, a CFA charterholder and a food industry analyst for a large investment firm, has been invited by Sweet Pineapple Co. to visit the firm's processing plants in Hawaii. The Standard concerning independence and objectivity recommends that Taylor:A. use and pay for commercial transportation, if available.B. obtain written permission from his employer before he accepts this invitation.C. decline this invitation if he issues recommendations on the firm's securities.【答案】A7. Ruth Brett, a Level I CFA candidate, is a research analyst for a large investment firm. Due to a demanding work schedule with long hours, Brett was unable to attend any sort of exam preparation class, and has only been able to study sporadically. Feeling nervous and unprepared the night before the exam, Brett writes a few key notes on the bottom of her shoe. At the exam, Brett sees the large number of proctors present and decides not to risk getting caught and does not look at her shoe. According to the CFA Institute Code of Ethics and Standards of Professional Conduct, Brett is:A. not in violation of any Standard or the Code of Ethics because shedid not use the notes.B. in violation of the Code of Ethics for bringing the notes into the examination room but is not in violation of any Standard because she did not use the notes.C. in violation of both the Code of Ethics and the Standard governing conduct as Members and Candidates in the CFA Program for taking the notes into the examination room.【答案】C8. Which of the following is least likely included in the CFA Code of Ethics? Members of CFA Institute must:A. place their clients' interests before their employer's interests.B. strive to maintain and improve the competence of others in the profession.C. use reasonable care and exercise independent professional judgment.【答案】A9. In formulating her report on GammaCorp's common stock, Barb Kramer, CFA, did a complex series of statistical tests on the company's past sales and earnings. Based on this statistical study, Kramer stated in her report that, "GammaCorp's earnings growth for the next five years will average 15% per year." Her conclusion was based in part on a regression analysis with a high level of statistical significance. Has Kramerviolated the Standard on communication with clients and prospective clients?A. Yes, because she didn't give complete details of the statistical model used.B. Yes, because she failed to indicate that 15% growth is an estimate.C. No, because her projections are within the generally accepted bounds of statistical accuracy.【答案】B10. Alpha Advisors Inc. is an investment management firm with a client base that ranges from individuals to large foundations. Which of the following firm policies is least appropriate if Alpha adopts the Code and Standards? Alpha:A. monitors the personal trading activity of firm personnel and requires them to pre-clear personal trades.B. regularly calls larger accounts first after changes in investment recommendations have been faxed to all clients.C. excludes client accounts of family members of employees from participating in IPOs.【答案】C11. Dudley Thompson is a bond salesman for a small broker/dealer in London. His firm is the lead underwriter on a new junk bond issue forthe Ibex Corporation. In order to stimulate sales of the new issue, Thompson calls all of his accounts over ￡1,000,000, many of which belong to elderly clients with low risk tolerances, and tells them that the Ibex issue is a fantastic opportunity for high returns that is not to be missed. Thompson also posts overly optimistic projections for Ibex's performance on several Internet "chat rooms" in order to increase the price of the bond issue and enhance his clients' returns on the investment. According to the Standards concerning market manipulation and suitability, Watson is in violation of:A. both of these Standards.B. neither of these Standards.C. only one of these Standards.【答案】A12. Rob Elliott, a CFA candidate, is an analyst with a large asset management firm. His personal portfolio includes a large amount of common stock of TECH Inc., a semiconductor company which his firm does not currently follow. The director of the research department has just asked Elliott to analyze TECH and write a report about its investment potential, which will be distributed to clients and prospective clients. Based on the CFA Institute Standards of Professional Conduct, the most appropriate course of action for Elliot to take would be to:A. sell his shares of TECH before completing the report.B. decline to write the report.C. disclose the ownership of the stock to his employer and in the report if he writes it.【答案】C13. Antonio Mendoza, CFA, is an investment manager in private practice under the name Mendoza Investments. Mendoza solicits new business by making brief presentations describing his investment performance record. At each presentation, he makes available a 1-page information sheet that outlines his performance history for the past ten years. His telephone number is on the sheet for prospective clients who wish to contact him for additional supporting information. At the bottom of the sheet the following is stated: "Mendoza Investments has prepared and presented this report in compliance with the Global Investment Performance Standards (GIPS?).'' Mendoza's information sheet:A. does not comply with GIPS.B. violates the Standard that concerns performance presentation.C. complies with both GIPS and the Standard that concerns performance presentation.【答案】C14. Anne Franklin, CFA, is an analyst who covers technology stocks for Medallion Investments. Franklin frequently meets with company management and makes site visits to company facilities. Cynthia Lucas,chief technology officer for Level Tech, tells several analysts, including Franklin, during a conference call that overseas shipments of the company's important new product are going to be delayed due to manufacturing defects, which she expects are correctable. This information has not been released in any other format. Medallion manages discretionary accounts for Lucas and Franklin. Subsequent to her meeting, Franklin sends a note to Medallion's investment personnel telling them to "sell the stock in all client accounts," as the shipment information is significant and contrary to recent earnings guidance from the company. Franklin's use of the information received from Lucas:A. violates the Code and Standards, as Franklin received material nonpublic information that should not have been acted upon.B. violates the Code and Standards, since she directed the sale in all client accounts instead of acting in the best interests of her own clients.C. does not violate the Code and Standards, as Franklin was adhering to her fiduciary duty to Medallion's clients by sharing the information and recommending a "Sell."【答案】A15. R.J. Young is meeting with a new client for the first time. At this meeting, he will be gathering information about the client in order to assess the client's investment objectives and constraints. As he does for all of his clients, Young will then prepare a written investment policystatement (IPS). According to the recommended procedures for complying with the Standard on suitability, which of the following statements regarding an IPS is least accurate?A. An IPS should describe the roles and responsibilities of the adviser and client.B. A member or candidate is not responsible for financial information withheld by the client.C. A client's IPS must be updated at least quarterly to reflect any changes in their investment profile.【答案】C16. For years John Berger, a CFA charterholder and CEO of a company, relied upon a set of reasonable procedures for preventing violations of the Code and Standards of Professional Conduct in the firm. To not be liable for a violation of the Standards, Berger must:A. do nothing more than have the set of procedures in place as stated.B. periodically review the procedures.C. both periodically review the procedures and ensure the procedures are monitored and enforced.【答案】C17. According to the Standards of Practice Handbook, in order to fulfill the basic provision and procedure of the suitability standards,should a client’s written investment polity statement (IPS): Take performance measurement Be reviewed at least annually?benchmarks into consideration?A. Yes YesB. Yes NoC. No Yes【答案】A18. An analyst meets with a new client. During the meeting, the analyst sees that the new client’s portfolio is heavily invested in one over-the-counter stock. The analyst has been following the stock and thinks it will perform well in the long run. The analyst arranges through a brokerage firm to simultaneously sell a large number of shares of the stock via a series of cross trades from the new client’s portfolio to various existing clients. He arranges the trades to be executed at a price that approximates the current market price. This action is:A. not in violation of the Standards.B. a violation of Standard III(A), Loyalty, Prudence, and Care.C. a violation of Standard III(B), Fair Dealing.【答案】A19. An analyst gathered the following information about the monthly returns over the same time period from two diversifiedinvestment portfolios:The analyst stated that Portfolio X is negatively skewed and Portfolio Y is positively skewed. Is the analyst correct with respect to: Portfolio X?Portfolio Y?A. No NoB. No YesC. Yes No【答案】A20. A pension fund expects to pay obligations of $5, 000, 000 4 years from today. The fund will fund this obligation by making 5 annual, equal deposits into an account earning 3%, with the first deposit occurring today, and the last occurring at the time the obligation is due. What size must each annual deposit be?A. $904,874.B. $941,773.C. $1,125,662.【答案】B21. An investor plans to retire eight years from today. To maintain her standard of living through retirement, she needs to have $2.5 million accumulated when she retires. Her portfolio is currently valued at $1.2million and is expected to earn 7.0 percent annually. The minimum annual amount she must save at the beginning of each of the next eight years to achieve a retirement accumulation of $2.5 million is closest to:A. $0B. $31,875C. $39,914【答案】C22. An analyst asked an junior associate to evaluate the performance of group of mutual funds over the last 10 years. The associate calculated the following performance statistics:The analyst suspects that the associate has made some errors in calculating the performance statistics. Based only on the expected mathematical relationships between the two measures of return and between the two measures of dispersion calculated by the associate, did the associate most likely make errors in calculating the statistics associated with:Mutual Fund A?Mutual Fund B?A. No YesB. Yes NoC. Yes Yes【答案】C23. When using stock return data, a geometric mean return calculation is most likely preferred over a geometric mean calculation because:A. return data can be negative.B. return data can be less than one.C. the geometric mean return is closer in value to the arithmetic mean.【答案】A24. An analyst is investigating the distribution of the SMG stock’s return over time. He calculated the mode of 12 percent, the mean of 11 percent, and the median of 11.5 percent. The distribution can best be described as:A. positively skewed, with a long tail on the left side.B. negatively skewed, with a long tail on the left side.C. positively skewed, with a long tail en the right side.【答案】B25. An analyst collects the following set of past stock returns: -2.3%, -5.1%, 7.6%, 8.2%, 9.1%, and 9.8%. Which of the following measures of return is most likely the highest?A. Median returnB. Geometric mean returnC. Arithmetic mean return【答案】A26. An investor is considering investing in one of the three following portfolios:If the investor's minimum acceptable return is 5%, the optimal portfolio using Roy's safety-first criterion is:A. Portfolio X.B. Portfolio Y.C. Portfolio Z.【答案】C27. An analyst is testing the hypothesis that the variance of monthly returns for Index L equals the variance of monthly returns for Index M based on samples of 50 monthly observations. The sample variance of Index L returns is 0.085, whereas the sample variance of Index M returns is 0.084. Assuming the samples are independent and the returns are normally distributed, which of the following represents the most appropriate test statistic?A.B.C.【答案】A28. If the probability of event J multiplied by the probability of event K is not equal to the joint probability of events J and K, then events J and K are most likely:A. dependent events.B. independent events.C. mutually exclusive events.【答案】A29. Alan Barnes, CFA, is interested in the expected quarterly return on FTSE 100 stock index. He has data for the last five years and calculates the average return on the index over the last 20 quarters. This average return:A. is different from the statistic he is trying to estimate by the amount of the sampling error.B. overstates the return because he should divide by the square root of 20 when using a mean value.C. overstates the expected return because he should have used the geometric mean and not the simple average.【答案】A30. Which of the following statements regarding the significance level of a hypothesis test is most accurate?A. Given a significance level of 5%, a test will reject a true null hypothesis 5% of the time.B. If the significance level of a test is 5%, it will yield the correct decision about the null hypothesis 95% of the time.C. If the significance level of a test is 95%, it will yield the correct decision about the null hypothesis 95% of the time.【答案】A31. An analysis determined that approximately 99 percent of the observations of daily sales for a company were within the interval from $250,000 to $580,000 and that daily sales for the company were normally distributed. The mean daily sales and standard deviation of daily sales, respectively, for the company were closest to:Mean daily sales Standard deviation of daily salesA. $415,000$41,667B. $415,000$55,000C. $355,115$41,667【答案】B32. The joint probability of returns, for securities A and B, are as follows:The covariance of returns of A and B is:A. 6%B. 12%C. 24%【答案】A33. Does the quantity theory of money assume that in the long run:Potential GDP is influenced the price level is influencedby the quantity of money?by the quantity of money?A. No NoB. No YesC. Yes No【答案】B34. Which of the following condition is least likely to be the obstacle to the efficient allocation of productive resources:A. Price controlsB. Taxes and trade restrictionsC. Perfect competition【答案】C35. Which of the following condition is least likely to be the reason that a black market is generally inefficient:A. Unenforceable contractB. Increased prices required by suppliers due to the risk of prosecutionC. Intensive control by the government【答案】C36. Which of the following describes the difference between perfect competition and monopolistic competition? Firms in monopolistic competition:A. Provide differentiated products.B. Decide on the output where marginal revenue equals marginal cost.C. Are free to enter and exit the market.【答案】A37. Generally speaking, when the Herfindahl-Hirschman Index (HHI) is calculated by summing the squared percentage market shares, how many largest firms’data is used in a industry, supposing there are a large number of firms in the industry:A. 4B. 10C. 50【答案】C38. If accurately calculated, will the amount of accounting profit fora firm generally:Be below that firm’s economic consider both that firm’s profit for the same time Defied?explicit and implicit costs?A. No NoB. No YesC. Yes No【答案】A39. The demand for a given resource will most likely decrease if the prices of its substitute resources and complementary resources, respectively:Prices of substitute resources Price of complementary resourcesA. Increase IncreaseB. Increase DecreaseC. Decrease Increase【答案】C40. With respect to the different views about short-term fluctuations in the economy, what is the primary driver of aggregate demand according to the:Keynesian view?Classical view?A. Future expectations Technological changeB. Future expectations The supply of moneyC. Current price level Technological change【答案】A41. At low wage rates, will an increase in the wage rate most likely result in:The substitution effect?An increase in the supply of labor?A. Yes YesB. Yes NoC. No Yes【答案】A42. An analyst does research about technologically efficient and economically efficient. A method of production is economically efficient when:A. it uses the most up-to-date technology.B. the cost of human capital is as low as possible.C. the cost of producing a given output is as low as possible.【答案】C43. Given the following possibilities, which one results in an increase in total consumer expenditures?A. demand is elastic and price rises.B. demand is inelastic and price falls.C. demand is inelastic and price rises.【答案】C44. Suppose that rubber is the primary input in the production of golf balls. If the price of rubber increases while all else remains constant, then in the short-run:A. The marginal and average variable cost curves shift upward, but not the average total or average fixed cost curves.B. The average total and average variable cost curves shift upward, but the marginal and average fixed cost curves will shift downward.C. The marginal, average variable, and average total cost curves will shift upward, but the average fixed cost curve will not shift.【答案】C45. In which of the following situations when recording inventory ata value greater than its historical cost is permitted?A. The value is a reversal of a pervious write-down.B. The inventory consists of agricultural products.C. Financial statements are prepared using U.S.GAAP.【答案】B31. For an asset with a price of 1000, which of the following price targets is least likely based on Fibonacci ratio?A. 618.B. 1294.C. 1618.【答案】B32. A portfolio of non-dividend-paying common stocks earned a geometric mean return of 5 percent between 1 January 2002 and 31 December 2008. The arithmetic mean return for the same period was 6 percent. If the market value of the portfolio at the beginning of 2002 was $100,000, the market value of the portfolio at the end of 2008 was closest to:A. $137,000B. $140,710C. $141,030【答案】B33. Which of the following is not true regarding to zero economic profit?A. The net present value of cash flows when discounted at the firms cost of capital will equal to zero.B. The firm is just profitable enough to make a normal return.C. The return for the firm is insufficient for the risk taken.【答案】C34. An analyst does research on price discrimination’s impact. Compared to using a single price in a market characterized by monopolistic competition, using price discrimination when two customergroups have different demand elasticities is least likely to result in:A. new productive ventures.B. an increase in total output.C. lower prices for both groups.【答案】C资料来源：文得学习网，更多考试资料题库视频，上文得学习网查找。

CFA三：太珍贵了!考到伊人憔悴的备考经验

CFA三级：太珍贵了！考到伊人憔悴的备考经验2015年6月的考试已经结束，高顿的学员们纷纷把自己的感想写出来给大家分享：又是一年6月，CFA总是能与高考和欧冠决赛不期而遇。

一年过去，来来往往、走走停停，随着工作的迁徙，与新加坡相遇。

在坡村复习的日子里，白天干活晚上继续“干活”，周末一边和朋友领略坡村好风光，一边听着李斯克和何璇的深入浅出，在考前最后一个礼拜里给自己封了关，学得腰酸背痛的时候，就起身做做俯卧撑打打拳击，这样的日子里，不那么自由，但能经历情绪和状态的峰回路转、起起伏伏。

首战三级Band 10毕竟留下了影响，不可能像第一次考试那样借着6个月内连过一二级的气势、复习的时候信心爆棚。

相反，这次常常会想，要是这次又挂了会怎样？有了这种患得患失的包袱，就复习不好了。

这是一种必经的心理过程，就像拜仁巴萨冲击欧冠那么多年，如果一次失礼就背上包袱，那么他们怎能笃定那份信心，一次又一次的冲击冠军。

人生在世，胜败兵家常事，不可能一直处于顺境，偶尔的挫折，更能激发人的意志和斗志。

这次，有一颗大心脏。

这次复习，高顿的视频给了很大帮助，很多以前忽视和模糊的点，听了视频，就明白了。

就个人听课的习惯而言，高顿的老师都很专业也具有亲和力，他们讲课都很有框架性和逻辑性，上来先把框架告诉你了，再讲细节，最后还会带一下总结，对于整体性很强的三级来说，这很重要。

这里不是广告，只是说说自己的听课习惯，因人而异。

不过也不能光看视频，三级最好的情况是把书或者notes看一遍，视频带一遍，课后题做一遍，历年mock真题做几遍，在这种情况，几乎很难有盲区。

但能做到这么充分的毕竟是少数中的少数，大家都是白天上班晚上周末复习的人，90%的人，都不可能做到。

于是大家就是在看，谁的“一知半解”更多、更有整体性。

如果今年又挂了，我就像俞敏洪老师那样，带着不服输的“蛮劲”，继续干一年，干不下来就回家“种地”。

考试的一路上，感谢媳妇的一路支持，两次三级的复习全程，都离不开她默默的支持和陪伴，那个陪伴你从0开始走到1的人，值得你永远珍惜。

1、下载文档前请自行甄别文档内容的完整性，平台不提供额外的编辑、内容补充、找答案等附加服务。
2、"仅部分预览"的文档,不可在线预览部分如存在完整性等问题,可反馈申请退款(可完整预览的文档不适用该条件!)。
3、如文档侵犯您的权益，请联系客服反馈,我们会尽快为您处理(人工客服工作时间：9:00-18:30)。

1 - 1
2015年CFA 考试一二三级报名第一阶段开始！
随着2014年CFA 考试成绩的公布，很多CFA 考生还处于欢乐和喜悦之中，不过时间不等人，2015年6月CFA 考试一二三级报名第一阶段已经开始了，金程CFA 小编提醒各位CFA 考生，2015年CFA 报名考试的第一阶段截止日期是2014年9月24日下午11点59分。

Deadlines: 24 September 2014 11:59 p.m. ET 18 February 2015 11:59 p.m. ET 18 March 2015 11:59 p.m. ET
First-time Enrollment Fee: US$450‡ US$450‡
US$450‡ Exam Fee:
US$630‡
US$825‡ US$1,210‡ 截止日期 2014年9月24日下午11：59分 2015年2月18日下午11：59分 2015年3月18日
下午11：59分
首次注册费用： US$450‡ US$450‡
US$450‡ CFA 考试费用： US$630‡
US$825‡ US$1,210‡
2015年6月CFA 报名考试第一阶段和第二阶段相差$195美金，CFA 考生应该抓紧时间赶在
第一阶段完成CFA 报名。

本文出处：/list5_1.html 转载请注明
更多CFA 资料免费下载 >>/edm/getinfo/index.html
学金融，找金程！力做您可信赖的财经培训专家！。