[CFA模拟真题] 2006 CFA Level I －NO118 period, class, return, during

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58．The nominal risk-free rate of return during a given period is best described as the return that compensates investors for the:

Select exactly 1 answers from the following:
A. time value of money only.
B. time value of money and the uncertainty of the return only.
C. time value of money and the expected rate of inflation only.
D. time value of money, the expected rate of inflation, and the uncertainty of the return.
答案和详解如下！
Feedback: Correct answer: C

Investment Analysis and Portfolio Management, 7th edition, Frank K. Reilly and Keith C. Brown (Dryden, 2003), pp. 17?9

2006 Modular Level I, Vol. IV, pp. 703-706

Study Session 18-76-b

differentiate between the real risk-free rate of return and the nominal risk-free rate of return and, compute both return measures

 

The nominal risk-free rate of return includes the real risk-free rate (time value of money) plus the expected rate of inflation. The risk premium (composite of all uncertainty) is added to the nominal risk-free rate to obtain the required rate of return.

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C

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c

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清水長官

c

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