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李晨昱 · 2024年07月19日

这道题目的考点对应基础班讲义哪里

NO.PZ2015122801000063

问题如下:

Which of the following market indexes is least likely to be reviewed periodically to confirm that their constituent assets still meet the qualifications that to be included in the index? Instead, it needs to be reconstituted frequently. An index that is designed to measure:

选项:

A.

the growth of commodity prices.

B.

the returns of real estate.

C.

the yields of commercial paper.

解释:

C is correct.

Because the constituent securities need to be replaced when they mature, an index of commercial paper yields needs to be reconstituted frequently. The other two indexes need to be reviewed periodically to confirm whether their constituent assets still meet the qualifications to stay in the index.

C是正确的。

本题考察的是指数在什么情况下需要重新构建。

首先,该题最重要的考点在最后半句(instead后面的话)前面的内容都是用来绕晕同学的,不需要考虑。

债券指数由于包含的债券可能会到期,一旦到期就需要移除原债券,添入新债券。而对于没有到期日的股票,大宗商品,及房地产,不存在因为到期而重新构建的问题。

C选项可以理解成是270天以内到期的一种短期企业发行的债券。有到期日并且很短的期限就会到期,所以需要经常被重新构建。选C。

frequently 和 peirodly矫正的区别是

1 个答案

王园圆_品职助教 · 2024年07月19日

同学你好,frequently代表的是经常的,频率非常高的;而periodically是“时不时的”,指一段一段时间间隔的,每过一段时间重复一次的行为,频率会更低更不频繁

本题对应的知识点截图如下——首先需要知道什么是reconstitution,就是原来的指数中的证券由于 liquidation delisting这类的原因,就会需要重构建

然后需要知道债券本身由于到期了,自然就会从指数中消失,也就导致了债券型index更高的turnover

最后,需要知道commercial paper就是bond的一种,且是短期bond(题目结论蓝色部分)

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