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mino酱是个小破货 · 2025年06月29日

烦请问下老师这么回答可以吗？谢谢老师

  1. CFA III
  2. 机构IPS

NO.PZ2023010409000020

问题如下：

Azarov’s second meeting is with John Spintop, chief investment officer of the Wolf University Endowment Fund (the Fund). Spintop hired Westcome to assist in developing a new investment policy to present to the Fund’s board of directors. The Fund, which has assets under management of $200 million, has an overall objective of maintaining long-term purchasing power while providing needed financial support to Wolf University. During the meeting, Spintop states that the Fund has an annual spending policy of paying out 4% of the Fund’s three-year rolling asset value to Wolf University, and the Fund’s risk tolerance should consider the following three liability characteristics:

Characteristic 1 The Fund has easy access to debt markets.

Characteristic 2 The Fund supports 10% of Wolf University’s annual budget.

Characteristic 3 The Fund receives significant annual inflows from gifts and donations.

The risk tolerance of the Wolf University Endowment Fund can be best characterized as: below average/ average/ above average

选项：

解释：

The endowment fund’s risk tolerance is above average.

Since the fund has easy access to the debt market, which means it has more funding sources.

The Fund supports 10% of Wolf University’s annual budget, which is a small part of annual budget.

The Fund receives significant annual inflows from gifts and donations.So the spending rates need to support by the fund is small.

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1 个答案

Lucky_品职助教 · 2025年06月30日

嗨，努力学习的PZer你好：


同学，我看到你提交了很多针对于主观题作答答案是否合适的问题，我在这里给同学一些建议。


对于主观题作答是否准确，主要有三个标准：

第一，最基本的就是你的答案一定要是方向正确的，也就是最开始的判断对错，拒接或接受，或是选择哪种方法等等，你的定位一定是正确的，否则后面如何解释都没有分数。

第二，最重要的是，你的答案一定要能够涵盖70%以上的，针对问题所需要的知识点，不可遗漏或是张冠李戴的比例过大，比如说让你分析某种方式的优点，讲义中给出的是3点，你最起码有能够答出2点，并且也不能把其他方法的优点混淆在一起。

第三，需要你的答案，以点的形式表达，并且语句和用词都尽可能的准确和简洁，目的有三个，一是逻辑清楚，二是节省时间，三是让阅卷人知道你在说什么。


对于具体的操作，有两个建议：

第一，自己写完答案后，与题目给出的答案解析相互对照一下，这样无论是方向的判断，还是知识点的涵盖范围以及准确性，都能够得到验证，这一步能够解决前两条标准。

第二，你可以找一个AI的软件，把你已经通过验证后的答案交给AI，让他帮你以分点的形式表述，并且尽可能的简洁。此步骤经过多几道题的操作后，你就能够清楚如何将答案写的即省时又省立。


所以说，这两个步骤以及所能解决的三个标准，都是同学可以通过自己的操作来完成的，这样对于同学真正能够掌握主观题的答题方法，事半功倍。

以前也有过同学和你一样，几乎每一道主观题都会提交上来问是否合适，但其实我们每一道题给出一个建议，实际上并不能够真正让同学掌握可以举一反三的答题方式。

所以，根据经验来看，我这边就不给同学一一做解答了，同学可以尝试着用我建议的方法联系一下，如果遇到具体的知识点疑惑或是关于考试中的具体问题，可随时提问，我定会知无不言。

还望理解。

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