【每日一练】CFA 一级（2015年）

Question：

A return-generating model that provides an estimate of the expected return of a security based on  such factors as earnings growth and cash flow generation is best described as a: 
A. market factor model. 
B. macroeconomic factor model. 
C. fundamental factor model. 

Answer = C 
A return-generating model based on such factors as earnings growth and cash flow generation is a  fundamental factor model. 

CFA Level I 
"Portfolio Risk and Return: Part II," Vijay Singal 
Section 3.2.1 

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