1. Trang chủ
  2. » Tài Chính - Ngân Hàng

CFA 2018 quest bank answers reading 27 answers

56 52 0

Đang tải... (xem toàn văn)

Tài liệu hạn chế xem trước, để xem đầy đủ mời bạn chọn Tải xuống

THÔNG TIN TÀI LIỆU

Thông tin cơ bản

Định dạng
Số trang 56
Dung lượng 2,42 MB

Các công cụ chuyển đổi và chỉnh sửa cho tài liệu này

Nội dung

` Wÿ &Y XZZY ZZZ Wÿ Y ZZZY ZZZ Wÿ &Y XZY ZZZ[a Wÿ Y ZZY ZZZ Wÿ Y ZZZY ZZZ Wÿ Y XZY ZZZ hÿ5@ÿfÿ[\]ÿiÿCÿiÿ0^ÿfÿZZYZZZÿiÿ_ZYZZZÿiÿX_YZZZÿfÿ&YZZZÿ /4[ÿfÿ&YZZZÿgYXZYZZZÿfÿZAe... DEF EGHIÿ K

Trang 1

#>?(&(B$ÿI#R'?#ÿ&(Q'<#ÿ%>N#$D

B?'$$ÿ=?'R&

'=#?>%&(Bÿ=?'R&

MN=O>(>%&'(

X=#?>%&(Bÿ=?'R&aÿ#>?(&(B$ÿI#R'?#ÿ&(%#?#$%ÿ>(Aÿ%>N#$ÿ\MP*]^

F?'$$ÿ=?'R&aÿ(#%ÿ$>O#$ÿb;XFE

c#%ÿ(Q'<#ÿaÿ#>?(&(B$ÿ>R%#?ÿ>N#$ÿaÿMG]

Trang 2

!!"#$%!ÿ(#!(ÿYÿ%!ÿZ#!(;!ÿ(!!"#$%!ÿYÿ/1ÿZ&/ÿYÿ3>&ÿ

#!(;!ÿ(!!"#$%!ÿ%%!"ÿ2!("=ÿYÿ/&ÿZ3>&ÿYÿ>&3&

!M!(!!

[\]^_`abÿdeafgÿC!"ÿ>ÿhÿ !=";ÿ5>ÿhÿ:iCÿ$

j]kl_]mÿnl_]e`lkg

o!)ÿ!2ÿ$)ÿ:iC

Trang 4

V+&+ÿFÿ+ÿF88WMÿ'ÿÿ%OXÿÿ+ÿ'*,*ÿFÿ+ÿY&@ÿ*,Z

>*A

/,+

0&>,?8

5678,,

&@ÿ*,ÿ9ÿ;&,+ÿ=ÿ',*@,?8ÿ&*ÿ=ÿ*&>,?8<ÿ&**ÿ,?8

/**ÿ,ÿ9ÿ;&,+ÿ=ÿ',*@,?8ÿ&*ÿ=ÿ*&>,?8ÿ=ÿ>*A<ÿ&**ÿ,?8

0F*&

GH IJÿKÿ4ÿLÿ0,-Mÿ34ÿLÿNOKÿ?

P8Q8Sÿ 8H RQJ

UAÿ/&7ÿ?AÿNOK

V+,ÿW8-ÿ?ÿ+ÿ'7,&ÿÿ,ÿF'[ÿ**ÿÿ,ÿ*,ÿ;0OD<ÿFÿ+ÿF88WMÿ-7-ÿ,,&\ÿ,'Mÿ0ODÿ

8ÿ+,ÿZ

Trang 5

.'('ÿ(0ÿ0.('ÿ('ÿ262'E2/1'@)ÿ2ÿ'(ÿÿ3ÿ2(ÿ@ÿ2ÿ;')(6ÿ)2(6ÿ-ÿ2ÿ.'('ÿ6'('ÿ2(ÿ2ÿ;')(6ÿ)2(6ÿ-ÿ2ÿ0.('@ÿ2ÿ'(ÿ/3)'(5

Trang 6

J2KL42MÿNL42D5LKF

O.ÿP,)ÿ2.ÿAI7

(1ÿ%G5ÿQ(R*30ÿ,()(+0ÿ)(,/+0ÿSÿ-3ÿ*ÿ@(.9ÿ'(ÿ/ÿ.+(ÿÿ005ÿQ(R*30ÿ()(0ÿ,ÿ*10ÿ30ÿ*ÿSÿ-39ÿ@(.ÿ+ÿ.+(U0ÿR+ÿSVÿ-39ÿP+3,3+ÿ@(.ÿ(@(ÿ(ÿ/ÿ.+(9

Trang 7

>)13ÿ>)(Qÿ5A)ÿ1ÿA1ÿM1)ÿBN2<ÿRÿ1ÿ*M>1<ÿ*1ÿ>1<ÿÿ*))ÿ?BTÿ?2ÿAÿN*P]ÿ*1A]ÿ12ÿ*)))1ÿ1)ÿAÿ*[1?Bÿ)[)][)<ÿ)[)]12ÿ>1<1?Bÿ)[)ÿ1Q

Trang 8

TMÿT-,ÿUSÿ:ÿ-Xÿ-Bÿ6//ÿ-F,ÿT-,ÿ3'SXÿ8ÿ,CZ/OÿBFÿOÿFÿ US(

DCZV/OÿFÿ)TMÿ0ÿ'( Uÿ5'(Uÿ0ÿ'(@!

Y/7Cÿ6-+-,ÿ0ÿ.Nÿ\ÿ.Dÿ0ÿUSÿZ3'Sÿ0ÿ3USÿ:ÿ-

Y.ÿ0ÿ3X'''1'(3U4ÿ0ÿWU''

9:/6

345678 ;<9=>ÿ?ÿ@ÿAÿ9-BCÿ3@ÿAÿDE?ÿF

G5HI75JÿKI75<8IH>

LMÿ.6+ÿFMÿDE?

Trang 9

H*&ÿ* "##;## H*&ÿ*3&ÿIÿG2 "##;#

J(ÿ6#7K5ÿ%&&ÿ()(+ÿ*&ÿ-ÿL">45"##5###ÿ*+ÿ-(ÿ6#785ÿ*&ÿ-ÿL6"=5K##5###;ÿCÿ,ÿ+ÿ-ÿ6#7K5ÿ%&&Mÿ*&ÿ*.(ÿL8=5$##5###ÿ*+ÿ'00ÿG2ÿ.*ÿL485>##5###;ÿCÿ,ÿ+ÿ-ÿ6#785ÿ*&ÿ*ÿ.(ÿL$=54##5###;ÿ<*&'&*ÿ%&&M'((ÿ*ÿ*+ÿ((ÿÿG2ÿ(*ÿ-(ÿ6#78;

H,ÿ'((ÿ*ÿÿG*&ÿÿ6;!ÿP!;>:ÿ'*,ÿRÿ"!;$:ÿ*''ÿ('D*3&ÿRÿ!$;!:ÿD(2SÿQ"=;#:ÿ*''ÿ)*2*3&ÿR

"4;>:ÿ*''(+ÿ&*3&SUH,ÿ(*ÿ'*ÿ3ÿ'*&'&*+ÿ-0ÿ,ÿ'00ÿ1ÿ3*&*'ÿ,ÿ3'*ÿ,ÿ)('*/ÿ*(ÿ*&&

,ÿ*0ÿ3*ÿ*0ÿ*&S

N(ÿÿG2ÿÿG*&ÿÿÿ'0ÿ+D++ÿ32ÿ*D(*/ÿ*&ÿG2;ÿ9'ÿ,ÿ(*ÿ0@ÿ*ÿ'0ÿ*0ÿ0ÿ*+ÿ*3*&*'ÿ,ÿ05ÿÿÿ'*(2ÿÿ'D(,ÿ'00F1ÿ)ÿÿ+&&*(;ÿAÿ'0ÿÿL""56""56##ÿQL6"=5K##5###ÿV

Trang 10

2&%ÿ212+ÿIÿ?"ÿ*01ÿÿ70103+ÿJ";:5ÿ*01ÿÿ&%1D:G&ÿ*01ÿÿ%2&03+ÿ(ÿ5-ÿ0*ÿ0&%0)ÿ%2&03+ÿ(ÿ,$.+<ÿ0+ÿ0%ÿ,5$:!ÿ.+ÿB,$ÿ.+ÿ0&%0)ÿ%2&03+ÿC5-ÿ*01HÿKÿ";5D:

Trang 12

\P?.0ÿP?;ÿX?=0ÿX?/

Trang 13

E)3EÿEÿ>1)HZEOÿÿ1Kÿ()ÿ4&&ÿN)

IS&&C&&&H

I&&C&&&H

IC4&&C&&&H

QR@K11

Trang 18

-1(ÿf5ÿ%,((%eÿI1.16ÿ1(ÿ.1ÿ)ÿ2ÿÿ8$86$8ÿ8ÿ'.'16ÿ.81$ÿÿ8ÿI(9ÿL'1$ÿ'612ÿI1.16ÿ.2ÿ81ÿ81Pÿ ''2ÿP'ÿ(7

Trang 19

01234 5 67ÿ 6 ÿ   ÿ   ÿ 

 !

" #!

" $!

%&'()ÿ'**+,ÿ(*ÿ(-)ÿ.ÿ(()/ÿÿ*(0ÿ-&ÿ'*1(&ÿ2ÿ3ÿ2*ÿ2ÿ4567879:ÿ,ÿ.(ÿ1&(ÿÿ.

;<=7ÿ>&/?ÿ@&,()ÿ'**+,ÿ2('()ÿ(*ÿA1&ÿ('.ÿ)ÿ(ÿ(ÿ1&'(Bÿ2ÿ.ÿ-(ÿ/(&ÿB&Cÿ.D.&,()ÿ'**+,ÿ(*ÿ'(ÿ-ÿ>ÿÿ>/ÿ&'&()ÿ'.(Bÿÿ(ÿ2*Eÿ1&(Bÿ&)ÿ(>ÿ2('()ÿ'>

GQZÿeÿ(Aÿ-&>ÿfÿ&ÿ-&>ÿfÿZ[\ÿ*(&Bÿfÿ(ÿ&F&ÿfÿ2('()ÿF&(B

(Aÿ-&>ÿeÿÿ'*gZ[\ÿ

Z[\ÿeÿZ[\ÿ+ÿeÿOD^^^D^^^ÿ+_^^D^^^ÿeÿD^^D^^^ÿ

ÿ'*ÿeÿhZ[\ih+eÿhD^^D^^^ihÿ+^?aiÿeÿMaD^^^ÿ

(Aÿ-&>ÿeÿMaD^^^gD^^D^^^ÿeÿ^?a

&ÿ-&>ÿeÿZ[\gZ[\ÿeÿD^^D^^^gOD^^^D^^^ÿeÿ^?aa

Z[\ÿ*(&BÿeÿZ[\g&FÿeÿOD^^^D^^^gD^^^D^^^ÿeÿ^?Oa

(ÿ&F&ÿeÿ&Fg()ÿ(ÿeÿD^^^D^^^gOD^^D^^^ÿeÿ?^

2('()ÿF&(Bÿeÿ()ÿ(g()ÿ`/ÿeÿOD^^D^^^gMD^^^D^^^ÿeÿ?MaM

GQZÿeÿ^?aÿfÿ^?aaÿfÿ^?Oaÿfÿ?^ÿfÿ?MaMÿeÿ^?^O

jk:789<:5l7kmnÿGQZÿeÿoZ[\ÿ+i+g`/ÿeÿoOD^^^D^^^ÿ+_^^D^^^ihÿ+^?aipMD^^^D^^^ÿeÿ^?^O

Trang 23

.#)$@ÿ%(ÿ%B)%"$,ÿa#6"$%7'\Jÿ_ÿPX.ÿH,(QÿbÿPH,(ÿ` (%QÿbÿP (%ÿ`J:#)%0Qc

'\Jÿ_ÿPVÿ`57QÿbÿP57ÿ`7VQÿbÿP7Vÿ`474VQÿ_ÿ9-

U(ÿd8/%a#8"$%ÿ"/A#,ÿ@)*(ÿ%(ÿA(ÿ/(#,%

'\Jÿ_ÿP$(%ÿ$!"A(ÿ`JTUQPJTUÿ`JT.UQPJT.Uÿ`(*($#(QP(*($#(ÿ`"%,ÿ(%QP"%,ÿ(%ÿ`"%,ÿ(:#)%0Q

Y(/(ÿJT.Uÿ_ÿJTUÿeÿ)$%(/(%ÿ_ÿ475Vÿeÿ44ÿ_ÿ47

'\JÿCÿ_ÿPVÿ`475VQP475Vÿ`47QP47ÿ`57QP57ÿ`7VQP7Vÿ`474VQÿ_ÿ9-

'(N(/($!(

Trang 24

`  Wÿ &Y XZZY ZZZ Wÿ Y ZZZY ZZZ Wÿ &Y XZY ZZZ

[a  Wÿ Y ZZY ZZZ Wÿ Y ZZZY ZZZ Wÿ Y (XZY ZZZ

hÿ5@ÿfÿ[\]ÿiÿCÿiÿ0^ÿfÿ(ZZYZZZÿiÿ_ZYZZZÿiÿX_YZZZÿfÿ&(YZZZÿ

/4[ÿfÿ&(YZZZÿgY(XZYZZZÿfÿZA(e

Trang 25

2343ÿ.ÿ3ÿ.**P>ÿ'+ÿQRSTÿ-4,)ÿ5,4'*ÿ4++9Uÿ''*(ÿ'-ÿ3,U'*ÿ4++9Uÿ''*(6

F'+ÿV"ÿ9:'43ÿ*ÿ+ÿÿ;&,-ÿ'ÿ'ÿ&,4'>ÿ.ÿÿ)'9(',ÿ'+1

F'+ÿV/ÿ9:'43ÿ*ÿ+ÿ.ÿ3ÿ4+ÿ'+ÿÿ;&,-ÿ'ÿ'ÿ&,4'>ÿ.ÿ5ÿ'-ÿ'43ÿ*ÿ+ÿ.ÿ3)'*'4ÿ3ÿÿ;&,-ÿ'ÿ'ÿ&,4'>ÿ.ÿ->ÿ'*ÿ'1

F'+ÿV#ÿ9:'43ÿ*ÿ+ÿÿ;&,-ÿ'ÿ'ÿ&,4'>ÿ.ÿ3ÿ&,,ÿ(',Wÿ'+1

Y,U'*ÿ4++9Uÿ''*(ÿ5*5ÿ;&,>ÿ'43ÿ*ÿ+ÿ'ÿ'ÿ&,4'>ÿ.ÿ3ÿ)'9(',ÿ>,1ÿX,4'*ÿ4++9

Uÿ''*(ÿ5*5ÿ;&,>ÿ'43ÿ*ÿ+ÿ.ÿ3ÿ4+ÿ'+ÿ'ÿ'ÿ&,4'>ÿ.ÿ5ÿ'-ÿ'43ÿ*ÿ+ÿ.ÿ3)'*'4ÿ3ÿ'ÿ'ÿ&,4'>ÿ.ÿ->ÿ'*ÿ'1

Trang 26

01234567ÿKL6MNÿEÿOÿPÿ@)74ÿOÿPÿQAEÿ7

R2ST42UÿVT42L5TSN

W/ÿX*=ÿJ/ÿQAE

Trang 27

M-2+,)=

)-*ÿU)-*WP))ÿ-)M*5. 1O OX

>OOSÿ+,)=ÿ=*Gÿ0ÿ*.ÿ*=/ÿÿYYÿbYÿU1Oÿcÿ1Wd>OOSÿ=*Gÿ0ÿM-Gÿÿ4*=ÿÿeYÿbYÿU1OÿcÿO1eWd*=

>OOSÿ=*Gÿ0ÿ,*G*5.ÿÿYÿbYÿUY1OÿcÿO1SWd2+,)=ÿ)*4ÿ)M-ÿ)G).ÿÿSYÿ=*GÿbYYÿ=*Gÿ0ÿ*.ÿ*=/ÿfÿeY

=*Gÿ0ÿM-Gÿÿ4*=ÿ[Yÿ=*Gÿ0ÿ,*G*5.d1

Trang 28

DEF EGHIÿ KLIIM

Trang 29

<>=ÿK$ÿLPDÿ=><ÿ?ÿ..@:Q0ÿDÿA=.<ÿ?ÿ>ÿIÿ3:ÿ</>0ÿA@=@ÿN:ÿI.>.3@O

<>=ÿKRÿLMÿ<DSÿCD>3:ÿN:ÿ?.<.@ÿI.>.3@ÿ.>ÿ<D.0/ÿÿ.ÿ.ÿAÿ./ÿ.ÿ>.0ÿ?ÿ=3@ÿ<Aÿ.>

Trang 31

@R*N=Qÿ>*Cÿ*1ÿ@ÿO12ÿ(OÿND3ÿÿÿ(ÿ1ÿ1ÿ1CC1ÿOÿ@ÿND2ÿ)C1Nÿÿÿ1B)ÿ

)2)ÿÿO1XÿO13(Cÿ**CQÿÿ*1ÿ@ÿ2(*Cÿ(2ÿ*O?1)1@Cÿ2)=ÿ)1Vÿ?*1CC=ÿDBÿ11C=Y3ÿ*O?1

53oU)Oÿ@ &aa

Trang 36

B*G?ÿ)2 6X3?ÿ)2

K)(28C?ÿ)2 /CG*?ÿ)2

PQAC22

Trang 41

E&)ÿC&+% 7333 23

hi_9Yÿmn9onYn;aÿuÿpqrn_ 2!33 2@73

Trang 42

Z[\ÿ^_`_ab_cÿdefÿghijfÿkclbmc ÿc_`no\pq_rÿlÿc_smct`mtcp\oÿ`ulco_ÿnvÿwghÿapxn\fÿnvÿyup`uÿwzÿapxn\ÿylsÿvncÿs_{_cl\`_ÿ|l}

vncÿ_a|xn} sÿyunÿypxb_ÿm_cap\lm_rÿp\ÿghi~ÿl\rÿwezÿapxn\ÿylsÿvncÿl\rÿmulmÿb_`la_ÿ|_cal\_\mx}ÿpa|lpc_rÿp\ÿghijZ

€&Mÿ<Vÿÿ2ÿ.2&NÿB5&?5Xÿÿ;56/&5Nÿ&Mÿ6'Mÿ&ÿ5@5ÿ&ÿ(NÿV&5‚Mÿ6&.&<ÿ&/

@&<+ÿÿ$#Y9ÿ&ÿ./;&5Mÿÿ$#YKÿW<?

-ÿ;56/&5N ƒ'Mÿ&

5@5CW5 „N25

„N25 ….2&NM

„N25 „N25

:';<&&

%2ÿ55.5Nÿ.2&5Nÿ&Mÿ&ÿW5‚MWÿ&5ÿ‚5.55Nÿ&&.†ÿ2ÿÿ./ÿW<?ÿ2N25ÿÿ$#Y9ÿ&<<<

3&<8ÿ$#Y9ÿ'Mÿ&ÿ5@5ÿW<?ÿ2ÿ&/ÿ&ÿ$#YKÿ&<<<ÿ3&<8%2ÿ&ÿ/;&5/ÿ.2&5Nÿÿ&ÿ‚/ÿ.2&5N

Trang 44

XBSÿ3B<Kÿ3BJÿ5ÿ#?6ÿ:XBSÿBXBÿBÿ#?6ÿ:!ÿ5ÿ&".@6.ÿ[(ÿ3)S)U4ÿ3)S=ÿ3BJÿ5ÿ#?6ÿ:3)S)U4

Trang 46

62 EO\" EO\ EO\

>2ÿÿ/.ÿ*/-/.ÿ>G80Z E7O] EX7X] E!7 ] E'7]

>2ÿÿ*;;ÿ^ O7O] E7X] "7"] EO7E]

>2ÿÿ^<ÿW>G+Z '7O] E7] 7!] '7_]

:/6ÿÿ5ÿ/43ÿ6//9ÿ5ÿ//.<Pÿ`abcÿeffgafgheciÿ**.ÿÿ5/ÿ5ÿ6ÿÿ>G+

2./3ÿÿ>G80ÿ;-.ÿ*2/1ÿ.32/1ÿ/6ÿ)/*/.ÿ=7

2./3ÿÿ5ÿ62<ÿ/32/1ÿ2).*ÿ62-2)2;/*ÿ6ÿÿQ/=ÿ;//1;7

Trang 48

(&!AÿBÿC(&('><%&'>D;ÿ@4ÿ3.-.2

(&!AÿBÿ(&!%'ÿ;ÿ@4ÿ3.-.2

(&!AÿBÿ(&!%'ÿ;ÿ!&

Trang 50

L-*;ÿ-2*ÿ-Yÿ\-/Mÿ:+/:ÿ2Gÿ8ÿ\8Rÿ)ÿ^H&]ÿÿ(&J&ÿÿZÿ\R(ÿ)ÿ8H0]ÿÿ(&JH

12*+

01234567ÿ34656ÿ7ÿ8ÿ9ÿ1-:;ÿ(8ÿ9ÿ<=7ÿ+

>2?@42AÿB@4245@?6

CDÿE+Fÿ.Dÿ<=7

Trang 55

OP QRÿEÿ"ÿSÿN.:5ÿ3"ÿSÿTCEÿL

U8V8Xÿ 8P WVR

Z[ÿB,2ÿL[ÿTCE

...

W/ÿX*=ÿJ/ÿQAE

Trang 27< /span>

M-2+,)=

)-*ÿU)-*WP))ÿ-)M*5. 1O OX

Ngày đăng: 14/06/2019, 16:48

TỪ KHÓA LIÊN QUAN

TÀI LIỆU CÙNG NGƯỜI DÙNG

  • Đang cập nhật ...

TÀI LIỆU LIÊN QUAN