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Dang.D · 2020年02月09日

问一道题:NO.PZ2018062002000043 [ CFA I ]

问题如下图:

选项:

A.

B.

C.

解释:

想问下这题算price return为什么不把dividend 算进去呢? 如果要是把dividend算进去并用equal weighted index的话题目会怎么问呢?谢谢🙏

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maggie_品职助教 · 2020年02月10日

请区别price return和total return。price return不包括期间收益。如果问的是total return才是要把股利考虑进去。请看讲义80页:


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NO.PZ2018062002000043 问题如下 Ahern, analyst from investment company, recently gatherethe following information for equal-weighteinx compriseof assets anC:Whis the prireturn of this inx? A.2.7%. B.3.79%. C.9.69%. is correct.The prireturn is the sum of eastock's weightereturn. The return of A is10−88=25%\frac{\splaystyle10-8}{\splaystyle8}=25\%810−8​=25% ; the return of B is19−2222=−13.64%\frac{\splaystyle19-22}{\splaystyle22}=-13.64\%2219−22​=−13.64% ; anthe return of C is25−2525=0%\frac{\splaystyle25-25}{\splaystyle25}=0\%2525−25​=0% . Eaasset is equweightein this inx is 13\frac1331​; therefore, the prireturn is 25%+(−13.64%)+03=3.79%\frac{\splaystyle25\%+(-13.64\%)+0}{\splaystyle3}=3.79\%325%+(−13.64%)+0​=3.79%.考点Metho of inx construction这道题让我们计算的是等权重构建方法下的指数的prireturn,所以我们首先要区分prireturn和totreturn,计算prireturn不需要包括期间的收益即股息。第二,这里是等权重的构建方法,等权重相当于每只股票买了相同的金额,那么我们就先计算每种股票的收益率再除以股票种类。 为什么不能用1/3*(8+22+25)和1/3*(enof perio三个价格之和)来算return?

2023-01-27 23:38 1 · 回答

NO.PZ2018062002000043 问题如下 Ahern, analyst from investment company, recently gatherethe following information for equal-weighteinx compriseof assets anC:Whis the prireturn of this inx? A.2.7%. B.3.79%. C.9.69%. is correct.The prireturn is the sum of eastock's weightereturn. The return of A is10−88=25%\frac{\splaystyle10-8}{\splaystyle8}=25\%810−8​=25% ; the return of B is19−2222=−13.64%\frac{\splaystyle19-22}{\splaystyle22}=-13.64\%2219−22​=−13.64% ; anthe return of C is25−2525=0%\frac{\splaystyle25-25}{\splaystyle25}=0\%2525−25​=0% . Eaasset is equweightein this inx is 13\frac1331​; therefore, the prireturn is 25%+(−13.64%)+03=3.79%\frac{\splaystyle25\%+(-13.64\%)+0}{\splaystyle3}=3.79\%325%+(−13.64%)+0​=3.79%.考点Metho of inx construction这道题让我们计算的是等权重构建方法下的指数的prireturn,所以我们首先要区分prireturn和totreturn,计算prireturn不需要包括期间的收益即股息。第二,这里是等权重的构建方法,等权重相当于每只股票买了相同的金额,那么我们就先计算每种股票的收益率再除以股票种类。 如题

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