1. An internally efficient market is one where stocks trade at low prices.(1.0分)
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我只在乎你 日语版2. As the level of risk decreas an investor can expect the expected return to ri.(1.0哈尔滨托福分)
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3. People invest with one or more of the following three basic needs in mind: income, capital prervation, capital appreciation.(1.0分)
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4. A manager with a passive ast allocation strategy will try to increa allocation of asts that he believes will outperform other class in the next period(1.0分)
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教堂唱诗班5. Risk is the uncertainty that an investment will earn its expected rate of return.
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6. The three components of the required rate of return are the nominal interest rate, an inflation premium, and a risk premium(1.0分)
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7. The rate of exchange between future consumption and current consumption is called the real risk-free rate of interest.
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8. A dollar received today is worth less than the same dollar received in the future. A.Ture B.Fal
9. An investment is the current commitment of dollars over time to derive future payments to compensate the investor for the time funds are committed, the expected rate of inflation and the uncertainty of future payments.(1.0分)entre nous
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10. The rate of exchange between certain future dollars and certain current dollars is known as the pure rate of interest.(1.0分)广州市华美英语实验学校
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11. A portfolio manager with an active ast allocation decision philosophy will manage a portfolio by(1.0分)
A.a) Tracking a well known market index
B.b) Stock picking using a top-down or bottom-up approach
麦兜响当当主题曲C.c) Using market timing
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D.d) Maintaining predetermined allocation with periodic rebalancing
E.e) None of the above
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12. An indirect investment occurs when an investor(1.0分)
A.a) Buys shares of stocks or bonds.
B.b) Buys shares of stocks or options and futures.
C.c) Buys shares of stocks, bonds or mutual funds
D.d) Deposits funds in a bank or buys mutual funds
E.e) Deposits funds in a bank or buys derivatives.
13. A direct investment occurs when an investor(1.0分)
A.a) Buys shares of stocks or bonds.
B.b) Buys shares of stocks or options and futures.
C.c) Buys shares of stocks, bonds or mutual funds
D.d) Deposits funds in a bank or buys mutual funds
E.e) Deposits funds in a bank or buys derivatives.
14. An investor can invest in financial asts by investing:(1.0分)
A.a) In cash, stocks and bonds
B.b) Indirectly, in real asts and financial asts.
C.c) In options, futures and through derivatives.
D.d) Directly, indirectly and through derivatives.
E.e) In stocks, directly and through derivatives.
15. An internally efficient market is one where(1.0分)
A.a) Transaction costs of trading are low.
B.b) Stocks of highly efficient companies trade.
C.c) New information is quickly reflected into asts prices.
D.d) There is no overreaction to news.
E.e) Stock prices are low.
16. An investor should diversify investment holdings across(1.0分)
A.a) Different ast class.
B.b) Different industries.
C.c) Different countries.
D.d) All of the above.凯莉日记
成长的烦恼英文版下载E.e) None of the above.
17. An externally efficient market is one where(1.0分)
A.a) Transaction costs of trading are low.
B.a) Stocks of highly efficient companies trade.
C.c) New information is quickly reflected into asts prices.
D.d) There is no overreaction to news.
E.e) None of the above.
18. The nominal risk-free rate of interest is a function of(1.0分)
A.a) The real risk-free rate plus the investment's variance.
B.b) The prime rate and the rate of inflation.
C.c) The T-bill rate plus the inflation rate.
D.d) The T-bill rate minus the rate of inflation.
E.e) The real risk-free rate and the expected rate of inflation.
19. The basic trade-offs in the investment process are(1.0分)
A.a) between the anticipated rate of return for a given investment instrumentand its degree of risk.
B.b) between understanding the nature of a particular investment and having the opportunity to purcha it.
C.c) between high returns available on single instruments and the diversifiction of the instruments into a portfolio
D.d)between the desired level of instrument and posssing the resource necessary to carry it out.
20. The statement – ‘risk drives expected returns’ refers to the notion that(1.0分)
