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发布时间:2023-10-07 09:09:50

[单项选择]Which of the following statements about the market portfolio is least accurate()
A. No portfolio along the Markowitz efficient frontier has a higher Sharpe ratio than the market portfolio.
B. The CML and the Markowitz efficient frontier intercept at the market portfolio.
C. The risk of the market portfolio is measured in both standard deviation and systematic risk.

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[单项选择]Which of the following statements about the market portfolio and the capital market line (CML) is least accurate The market portfolio:()
A. assumes an equal amount is invested in each risky asset.
B. is perfectly positively correlated with other portfolios on the CML.
C. allows the elimination of all unsystematic risk at every point along the CML.
[单项选择]Which of the following statements is CORRECT

Which of the following statements is CORRECT
A.The new Egyptian Cabinet will swear in. B.Protesters will be more serious about reforms.
C.A caretaker government will be set up. D.People planned to have parliamentary elections.
A. The new Egyptian Cabinet will swear in.
B. Protesters will be more serious about reforms.
C. A caretaker government will be set up.
D. People planned to have parliamentary elections.
[单项选择]Which of the following statements is CORRECT about the present U.S. housing market

Which of the following statements is CORRECT about the present U.S. housing market
A.There are fewer obstacles for its recovery. B.New homes sell better than used ones.
C.It began to recover in the previous year. D.The sales of houses are rising modestly.
A. There are fewer obstacles for its recovery.
B. New homes sell better than used ones.
C. It began to recover in the previous year.
D. The sales of houses are rising modestly.
[单项选择]Which of the following statements about speculators and hedgers in the futures market is TRUE( )
A. Hedging can allow a business to guard against a price increase in a commodity without sacrificing profit if the commodity price decreases. 
B. Hedgers guard against market price changes that would cause a reduction in their operating profit. 
C. A speculator would use futures to take a short position in a commodity if its price is expected to increase.
[单项选择]Which of the following statements about uncovered call options is least accurate()
A. The loss potential to the writer is unlimited.
B. The most the writer can make is the premium plus the difference between the exercise price (X) and the stock price (S).
C. The profit potential to the holder is unlimited.
[单项选择]Which of the following statements about monopolies is most accurate()
A. A monopolist’s optimal production quantity is at the point where marginal revenue equals marginal cost.
B. Monopolists charge the highest possible price.
C. Monopolists always make a profit.
[单项选择]Which of the following statements about capitalizing expenses and depreciation is most accurate()
A. The capitalization of a marketing expenditure (instead of expensing it immediately) will result in an increase in fixed asset turnover ratio.
B. The sum-of-years-digits depreciation method charges the largest amount of depreciation in the first year and then decreases at a declining rate each subsequent year.
C. The sum-of-years-digits depreciation method charges the largest amount of depreciation in the first year and then decreases by a constant amount each subsequent year.
[单项选择]Which of the following statements about financial statements and reporting standards is least accurate()
A. Reporting standards focus mostly on format and presentation and allow management wide latitude in assumptions.
B. The objective of financial statements is to provide economic decision makers with useful information.
C. Financial statements could potentially take any form if reporting standards didn’t exist.
[单项选择]Which of the following statements about efficient markets and indexes is FALSE()
A. An unweighted index assumes that investors make and maintain an equal dollar investment in each stock in the index.
B. External efficiency means prices adjust rapidly to new information.
C. Efficient markets tests have found that stocks with high price-to-earnings ratios (P/E) tend to outperform stocks with low P/E ratios.
[单项选择]Which of the following statements about arbitrage and market anomalies is most accurate()
A. Investors of the funds that arbitrageurs and traders use are generally too patient and fail to remove funds in a timely manner when trades go against them.
B. Arbitrageurs have more capital at their disposal than they require enabling them to pursue any security mispricing.
C. In pairs trading, where an arbitrageur purchases the underpriced security and shorts the overpriced security, stock-specific risk remains.
[单项选择]Which of the following statements about investment constraints is FALSE()
A. Diversification efforts can increase tax liability.
B. Investors concerned about time horizon are not likely to worry about liquidity.
C. Tax deferral usually makes more sense for the young than for the old.
[单项选择]Which of the following statements about securities markets is least accurate()
A. Characteristics of a well-functioning securities market include: many buyers and sellers willing to trade at below market price, low bid-ask spreads, timely information on price and volume of past transactions, and accurate information on supply and demand.
B. When Conglomerate, InC. trades directly with MultiNational, Ltd. , it is using the fourth market.
C. A limit buy order and a stop buy order are both placed below the current market price.
[单项选择]Which of the following statements about portfolio risk is true ()
A. In the absence of perfectly positive correlation, a portfolio will always have lower risk than the average risk of the component assets.
B. In the absence of perfectly positive correlation, a portfolio will always have lower risk than the risk of each of the component assets.
C. In the absence of perfectly negative correlation, a portfolio will always have lower risk than the average risk of the component assets.
[单项选择]Which of the following statements about systematic and unsystematic risk is FALSE( )
A. As an investor increases the number of stocks in a portfolio, the systematic risk will remain constant.
B. Total risk equals market risk plus firm-specific risk.
C. The unsystematic risk for a specific firm is similar to the unsystematic risk for other firms in the same industry.

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