Project Risk Analysis: Stand-Alone, Corporate, and Market Risk | CFA® Level 1 Exam

Project Risk Analysis

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Question

Which of the following is/are true about project risk analysis?

I. Stand-alone risk is measured by the variability of the projects expected returns.

II. Corporate risk measures the impact of the project's risk on the company's stock price variability.

III. Market risk measures the impact of the project on the stock's unsystematic risk.

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Explanations

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A. B. C. D. E. F.

F

Standalone risk evaluates the risk of a project ignoring all portfolio aspects by looking at the variability of the project's projected returns. The corporate risk of a project is measured by the project's impact on the uncertainty about the firm's future earnings. The market risk of a project is measured by the project's impact on the systematic risk of the firm's stock.