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Jingwen · 2021年02月09日

看不懂解释

  1. CFA I
  2. Portfolio

NO.PZ2015121801000039

问题如下：

An investor evaluating the returns of three recently formed exchange-traded funds gathers the following information:

The ETF with the highest annualized rate of return is:

选项：

A.

ETF 1.

B.

ETF 2.

C.

ETF 3.

解释：

B  is correct.

The annualized rate of return for ETF 2 is 12.05% = (1.0110 52/5  )-1, which is greater than the annualized rate of ETF 1, 11.93% = (1.0461 365/ 146  )-1, and ETF 3, 11.32% = (1.1435 12/ 15  )-1. Despite having the lowest value for the periodic rate, ETF 2 has the highest annualized rate of return because of the reinvestment rate assumption and the compounding of the periodic rate.

The annualized rate of return for ETF 2 is 12.05% = (1.0110  )-1, which is greater than the annualized rate of ETF 1, 11.93% = (1.0461  )-1, and ETF 3, 11.32% = (1.1435  )-1. Despite having the lowest value for the periodic rate, ETF 2 has the highest annualized rate of return because of the reinvestment rate assumption and the compounding of the periodic rate.


啥意思呀？为啥12.05% = (1.0110  )-1是相等的？完全不理解。

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1 个答案

丹丹_品职答疑助手 · 2021年02月09日

嗨，从没放弃的小努力你好：


同学你好，12.05%=（1.0110）^(52/5) -1

一年有52周，这个要当知识点记一下


-------------------------------
加油吧，让我们一起遇见更好的自己！


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