上海对外贸易学院 2008 — 2009 学年第一学期
《证券投资分析》课程研究生期末考试试卷
选课序号： | | 任课教师： | | 考试时间： | 90 分钟 |
姓 名： | | 学 号： | | 年级专业： | 金融学07级 研究生 |
考试形式： | ■闭卷 □开卷 | 双语教学： | ■是 □否 | 需计算器： | ■是 □否 qq音乐音效 |
修读方式： | □必修 ■选修 □辅修 | 试卷页数 | 共 13 页 | 机考座位： | 号机 |
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得 分 | 评阅人 | 一、单选题（本大题共40小题，每小题1分，共40分） |
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1. A firm has a higher ast turnover ratio than the industry average, which implies
A) the firm has a higher P/E ratio than other firms in the industry.
B) the firm is more likely to avoid insolvency in the short run than other firms in the industry.
C) the firm is more profitable than other firms in the industry.
D) the firm is utilizing asts more efficiently than other firms in the industry.
2. The holding period yield (HPY) is equal to the holding period return (HPR) minus
A) 0.
B) 1.
冬季蔬菜有哪些
C) 2.
D) 3.
3. Commercial paper is a short-term curity issued by ________ to rai funds.
A) the Federal Rerve Bank
B) commercial banks
C) large, well-known companies
D) the New York Stock Exchange
4. You sold short 200 shares of common stock at $60 per share. The initial margin is 60%. Your initial investment was
徐州游玩攻略 A) $4,800.
B) $12,000.
C) $5,600.
D) $7,200.
5. Multiple Mutual Funds had year-end asts of $457,000,000 and liabilities of $17,00
0,000. There were 24,300,000 shares in the fund at year-enD) What was Multiple Mutual's Net Ast Value?
A) $18.11
B) $18.81
C) $69.96
D) $7.00
6. Which of the following would increa the net ast value of a mutual fund share, assuming all other things remain unchanged?
A) an increa in the number of fund shares outstanding
B) an increa in the fund's accounts payable
C) a change in the fund's management
D) an increa in the value of one of the fund's stocks
7. Over the past year you earned a nominal rate of interest of 10 percent on your money. The inflation rate was 5 percent over the same perioD) The exact actual growth rate of your purchasing power was
A) 15.5%.
B) 10.0%.
C) 5.0%.
D) 4.8%.
8. You purchad a share of stock for $20. One year later you received $1 as dividend and sold the share for $29. What was your holding period return?
强化督导检查 A) 45%
B) 50%
C) 5%
D) 40%
9. Other things equal, an increa in the government budget deficit
A) drives the interest rate down.
B) drives the interest rate up.
C) might not have any effect on interest rates.
D) increas business prospects.
10. In the mean-standard deviation graph an indifference curve has a ________ slope.
A) negative
B) zero
C) positive
D) northeast
11. Which of the following describes the term ‘risk aver’?
A) Being willing to take a fair gamble.
B) Not willing to take on any risk.
C) Choosing the less risky of two equal payoffs.
D) Always choosing low risk low return investments.
12. Which of the following is NOT a step in the portfolio management process?
A) Sell all asts and reinvest the proceeds at least twice a year .
B) Construct the portfolio.
C) Study current financial and economic conditions.
D) Monitor investor’s needs and market conditions.
13. The rate of exchange between future consumption (future dollars) and current consumption (current dollars) is
A) the real rate of interest.
B) the pure rate of interest.
C) the risk-free rate of interest.
D) the nominal rate of interest.
14. You have $1000 to invest in a bank, which has offered you 6% interest compounded monthly. How much would you have at the end of the year if you placed $1000 in the bank?
A) 1060.
B) 1060.90.
C) 1061.68.
D) 1061.83.
15wps删除一页. Firms that specialize in helping companies rai capital by lling curities are called ________.
A) commercial banks
B) investment banks
C) savings banks
D) credit unions
16. Which of the following is not a risk in international operations?
法制宣传日A) Government regulations.
B) Manufacturing locations.
C) Capital structure decision.
D) Dividend decision.
17. The curity market line (SML)
A) tells us the price of a curity in the market.
B) indicates the amount of unsystematic risk for a given return .
C) describes the relationship between risk and return as being positive.
D) indicates the correlation between the risk free ast and the market.
18. The Important strategic decisions that should be addresd in an investment policy statement include?
硫普罗宁说明书A) The ast class that are to be deemed appropriate for investment in the target portfolio.
