[单项选择]When a risk-free asset is combined with a portfolio of risky assets, will the Standard deviation of the resulting portfolio Graph of the possible portfolio return and risk combinations be a linear funtion of the standard deviation display increasing incremental return per unit of the risky asset portfolio of incremental resk change （） ①A. YES NO ②B. YES YES ③C. NO YES
A. ①
B. ②
C. ③

[单项选择]An investment strategy that seeks to grow portfolio value over time through capital gains and reinvestment of current income is most likely appropriate if the investment objective is:（　）
A. total return.
B. current income.
C. capital appreciation.

[单项选择]Dreams are_______in themselves, but, when combined with other data, they can tell us much about the dreamer.
A. uninformative
B. startling
C. harmless
D. uncontrollable

[单项选择]
The term investment portfolio conjures up visions of the truly rich the Rockefellers, the Wal-Mart Waltons, Bill Gates. But today, everyone from the Philadelphia firefighter, his part-time receptionist wife and their three children, to the single Los Angeles lawyer starting out on his own needs a portfolio.
A portfolio is simply a collection of financial assets. It may include real estate, rare stamps and coins,, precious metals and even artworks. But those are for people with expertise. What most of us need to know about are stocks, bonds and cash (including such cash equivalents as money market funds). How do you decide what part of your portfolio should go to each of the big three Begin by understanding that stocks pay higher returns but are more risky; bonds and cash pay lower returns but are less risky.
Research by Ibbotson Associates, for example, shows that large company stocks, on average, have
A. how to avoid inflation risks
B. what kinds of bonds to buy
C. how to get rich by investing in stock market
D. how to become richer by spreading the risk

[简答题]资产贝塔(asset beta)

[判断题]Capital budgeting involves the comparison of assets and revenue.

[单项选择]Asset allocation is important in determining overall investment performance because it: （　）
A. helps determine the expected return of the portfolio.
B. determines most of the portfolio’s returns over time.
C. helps determine the standard deviation of the portfolio.

[单项选择]Hedge funds that contain infrequently traded assets would most likely exhibit a downward bias with respect to:（）
A. measured risk but not correlations with conventional equity investments.
B. correlations with conventional equity investments but not measured risk.
C. both measure risk and correlations with conventional equity investments.

[单项选择]The pioneers’ greatest asset was not their material wealth but their ______.
A. fortitude
B. simplicity
C. companions
D. possessions

[单项选择]A. to B. on C. with

[单项选择]A. eliminate B. eliminator C. elimination

[单项选择]A. making B. make C. made