NO.PZ2015122802000040
问题如下：
When creating a security market index, an index provider must first determine the:
选项：
A.target market.
B.appropriate weighting method.
C.number of constituent securities.
解释：
A is correct.
The first decision is identifying the target market that the index is intended to represent because the target market determines the investment universe and the securities available for inclusion in the index.
考点：How An Index Is Constructed？
证券指数构建的第一步是选择目标市场，如下为原版书的原文：
How an index is constructed？
1、Which target market should the index represent?
2、Which securities should be selected from that target market?
3、How much weight should be allocated to each security in the index?
4、When should the index be rebalanced?
5、When should the security selection and weighting decision be re-examined?
如题
