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zxy · 2024年05月27日

最开始的一句话不答会扣分吗？

  1. CFA III
  2. Asset Allocation

* 问题详情，请 查看题干

NO.PZ201803130100000601

问题如下：

Select, for each of Armstrong’s three goals, which sub-portfolio module from Exhibit 1 Abbott should choose in constructing a portfolio. Justify each selection.

选项：

解释：

■ Module C should be chosen for Goal 1, Module B should be chosen for Goal 2, and Module D should be chosen for Goal 3.
■ The module that should be selected for each goal is the one that offers the highest return given the time horizon and required probability of success. The module that should be selected for each goal is the one that offers the highest return given the time horizon and required probability of success. For Goal 1, which has a time horizon of five years and a required probability of success of 85%, Module C should be chosen because its 4.4% expected return is higher than the expected returns of all the other modules. Similarly, for Goal 2, which has a time horizon of 10 years and a required probability of success of 99%, Module B should be chosen because its 2.2% expected return is higher than the expected returns of all the other modules. Finally, for Goal 3, which has a time horizon of 25 years and a required probability of success of 75%, Module D should be chosen because its 7.5% expected return is higher than the expected returns of all the other modules.

答案和主观题答案要点梳理中都有“The module that should be selected for each goal is the one that offers the highest return given the time horizon and required probability of success.”


我写的答案是

Portfolio C should be chosen for goal 1. Because the probability is 85% and the term is 5 years, portfolio C has the highest return under 85% probability in 5 years.

Portfolio B should be chosen for goal 2. Because the probability is 99% and the term is 10 years, portfolio B has the highest return under 99% probability in 10 years.

Portfolio D should be chosen for goal 2. Because the probability is 75% and the term is 25 years, portfolio D has the highest return under 75% probability in 25 years.


请问这样回答是否会扣分呀？

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1 个答案

Lucky_品职助教 · 2024年05月28日

嗨，努力学习的PZer你好：


同学你好:


你的答案没有问题。

“The module that should be selected for each goal is the one that offers the highest return given the time horizon and required probability of success.” 这句话写与不写，不会影响你的得分，答案之所以这么写，是为了阐述的更详细些。但是我们在考试的时候，时间紧任务重，只要能把答案的要点，清新明确的写出来，就不会扣分的。

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努力的时光都是限量版，加油！

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2024-09-23 11:42 1 · 回答

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2020-10-14 10:35 1 · 回答