[单项选择]The following data pertains to an investor's stock:
The stock will pay no dividends for two years.
The dividend three years from now is expected to be $1.
Dividends are expected to grow at a 7% rate from that point onward.
If the investor requires a 17 percent return on their investments, how much will the investor be willing to pay for this stock now（）
A. $6.24.
B. $7.31.
C. $8.26.

[单项选择]Use the following data to analyze a stock's price earnings ratio (P/E ratio):
The stock's beta is 1.2.
The dividend payout ratio is 60%.
The stock's expected growth rate is 7%.
The risk free rate is 6% and the expected rate of return on the market is 13%.
Using the dividend discount model, the expected P/E ratio of the stock is closest to:
A. 8.1.
B. 10.0.
C. 12.0.

[单项选择]ff an investor bought a stock for $ 32 and sold it one year later for $ 37.50 after receiving $ 2 in dividends, what was the holding period return on this investment（）
A. 6.25%.
B. 17.19%.
C. 23.44%.

[单项选择]An investor purchases a stock and sells it ten week later and gathers the following information.

Purchase price	￥110
Dividend received	￥11
Sell price	￥121

The investor's holding period return is closest to:（）
A. 18.0%
B. 20.0%
C. 22.0%

[单项选择]An investor owns a share of stock worth $ 75 and buys a put option for a premium of $ 2 with a strike price of $ 65. What are the risk and return characteristics of the portfolio The:（）
A. portfolio has unlimited downside risk, but the upside potential is limited to $ 65.
B. portfolio’s downside risk is a price of $73, but there is no maximum to the upside potential.
C. portfolio’s downside risk is a price of $ 63, but there is no maximum to the upside potential.

[单项选择]An investor’s portfolio currently consists of 100% of stocks that have a mean return of 16.5% and an expected variance of 0. 0324. The investor plans to diversify slightly by replacing 20% of her portfolio with U. S. Treasury bills that earn 4.75%. Assuming the investor diversifies, what are the expected return and expected standard deviation of the portfolio ERP σP （）①A. 14.15% 14.40%②B. 10.63% 2.59%③C. 10.63% 14.40%
A. ①
B. ②
C. ③

[单项选择]On 1 January 2004, the value of an investor’s portfolio is $ 89000. The investor plans to donate $ 4000 to charity organization and pay $ 2000 to his insurance account on 31 December of 2004, but meanwhile he does not want the year-end portfolio value to be below $ 89000. If the expected return on the existing portfolio is 12 percent with a variance of 125, the safety-first ratio that would be used to evaluate the portfolio based on Roy’ s criterion is closest to:（）
A. 0.236.
B. 0.365.
C. 0.471.

[单项选择]An investor buys one share of stock for $100. At the end of year one she buys three more shares at $ 89 per share. At the end of year two she sells all four shares for $ 98 each. The stock paid a dividend of $1.00 per share at the end of year one and year two. What is the investor’s time-weighted rate of return（）
A. 6.35%.
B. -2.0%.
C. 0.06%.

[简答题]In October 2008 Ronger Properties Joint Stock Co successfully issued corporate bonds of RMB 12 million yuan for three years. By the end of 2010 the net assets of Ronger Properties Joint Stock Co were RMB 80 million yuan. During the past two years it has been able to repay the interests due for the corporate bonds. In order to expand its business, the board of directors of Ronger Properties Joint Stock Co adopted a resolution intending to issue another set of corporate bonds to the public investors. Required: Answer the following questions in accordance with the relevant provisions of the Securities Law of China, and give your reasons for your answer:(a) State the maximum amount of corporate bonds Ronger Properties Joint Stock Co could issue for the proposed issuance. (5 marks)

[多项选择]关于Stock’s径，说法正确的是( )
A. 又称为有效径
B. 又称为等价径
C. 是指与被测粒子有相同沉降速度的球形粒子的直径
D. 是与粒子投影面积相等的圆的直径
E. 可以用吸附法测定

[单项选择]根据沉降公式(Stock’s方程)计算所得的直径称为
A. 定方向径
B. 等价径
C. 体积等价径
D. 有效径
E. 筛分径

[单项选择]用沉降公式（Stock’s方程）求出的粒径称为（）
A. 定方向径
B. 等价径
C. 体积等价径
D. 筛分径

[单项选择]阅读下列FORTRAN程序：
INTEGER S(2，4) ，A(2)
DATA S/4*1，4*2/
CALL SUB(S，2，4，A)
M=A(1) -A(2)
WRITE(*，*) M
END
SUBROUTINE SUB(S，N，K，A)
INTEGER S(N，K)，A(N)
DO 20 I=1，N
A(I)=0
DO 10 J=1，K
10 A(I)=A(I)+S(I，J)
A(I)=A(I)/K
20 CONTINUE
END
执行上述程序后，输出的M值为( )。
A. 0
B. 1
C. 2
D. 3

[单项选择]Analysis of two mutual funds, a stock fund-S and a bond fund B, yields the following results: S: Expected Return=0.14 Standard deviation=0.24 B: Expected Return=0.08 Standard deviation=0.14 Covariance between rates of return for S and B=0.00672 A portfolio with equal amounts of S and B will have expected return and standard deviation of:（　）
A. 0.11 and 0.0580.
B. 0.11 and 0.1393.
C. 0.19 and 0.1393.

[单项选择]Juniper Corp’s stock transactions during the year 2004 were as follows: January 1 540000 shares issued and outstanding March 1 50 percent stock dividend July 1 180000 treasury shares reacquired October 1 60000 treasury shares reissued When computing for earnings per share (EPS) computation purposes, what was Juniper’s weighted average number of shares outstanding during 2004（）
A. 735000.
B. 870000.
C. 766667.

[单项选择]An investor has obtained the following information about Worldwide Industries, Inc. Net profit margin 8.7% Total asset turnover 2.4 times Dividendpayout ratio 35% Tax rate 35% Total sales $120 million Totalequity 40% of total assets Based on this information, Worldwide’s ROE is closest to:（）
A. 52.2%.
B. 14.5%.
C. 20.0%.