漫漫考试路，各位考生，您准备好了吗？如何快乐高效的学习？高顿网校为广大学员提供2015年FRM考试网络课程，请各位考生紧跟网校名师的步伐尽快进入备考复习，让高顿网校与您共同努力，2015年考试顺利通过！祝您梦想成真！免费听课>>
　　Risk management activities can increase firm value when:
　　I. commodity risk is hedged.
　　II. the firm's claimholders cannotreplicate the results of the firm's hedging activity.
　　III. there is a sufficient number ofclaimholders.
　　IV. the firm's claimholders aresufficiently risk averse.
　　a. I and IV only.
　　b. II Only.
　　c. II and III only.
　　d. I, II, and IV.
　　答案解析：选B
　　Risk management activities can increasefirm value when the firm's claimholders cannot take actions to replicate theresults of hedging activity. Claimholders are willing to pay for the firm to dosomething they cannot do on their own accounts. (See Book 1, Topic 3)
        FRM考试在线高清视频指导