2015年CFA考前，真题做一做

1、A company repurchase shares with money comes from 50% of idle cash with nearly zero return and 50% of debt. How would EPS of this company change if both the after tax cost of debt is equal to the earning yield?

1. Increase
2. Decrease
3. Constant

Solution: A

金程cfa解析：考点用闲置资金回购股票,BVPS的计算

2、The weighted average period of receiving cash flow is

1. Effective duration.
2. Modified duration.
3. Macaulay duration.

Solution: C

金程cfa解析：现金流不确定下使用哪种duration

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