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發(fā)布時間:2021-06-22 09:57編輯:融躍教育FRM
FRM備考中,做大量的真題練習(xí)對于考生來說是很重要的,尤其是近幾年的真題練習(xí)。下文是小編列舉的相關(guān)真題解析,一起了解一下!
During recessions the correlation between recovery rates and default probabilities has traditionally been:
A) Positive》》》2021年新版FRM一二級內(nèi)部資料免費領(lǐng)??!【精華版】
B) Negative
C) Zero
D) Linear
答案:B
解析:During recessions the correlation between recovery rates and default probabilities has traditionally been negative. During recessions the amount recovered declines as the probability of default increases.
Given the PD for an AA-rated company over a two-year period is 0.2%, then the most likely PD for this company over a 4-year period is:【資料下載】[融躍財經(jīng)]FRM一級ya題-pdf版
A) 0.2%
B) Between 0.2% and 0.4%
C) 0.4%
D) Greater than 0.4%
答案:D
解析:For investment-grade credits, the increase of cumulative default probability is more than proportional with the horizon.
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