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【单选题】
If you believe in the ________ form of the EMH, you believe that stock prices only reflect all information that can be derived by examining market trading data, such as the history of past stock prices, trading volume or short interest.
A.
semistrong
B.
strong
C.
weak
D.
All of the options are correct.
E.
None of the options are correct.
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举一反三
【单选题】Markets would be inefficient if irrational investors ________ and actions of arbitragers were________.
A.
existed; unlimited
B.
did not exist; unlimited
C.
existed; limited
D.
did not exist; limited
【单选题】________ focus more on past price movements of a firm's stock than on the underlying determinants of future profitability.
A.
Credit analysts
B.
Fundamental analysts
C.
Systems analysts
D.
Technical analysts
【单选题】75 on factor 1 and a beta of 1.25 on factor 2. The risk premiums on the factor-1 and factor-2 portfolios are 1% and 7%, respectively. The risk-free rate of return is 7%. The expected return on portfol...
A.
13.5%
B.
15.0%
C.
16.5%
D.
23.0%
【单选题】The debate over whether markets are efficient will probably never be resolved because of________
A.
the lucky event issue.
B.
the magnitude issue.
C.
the selection bias issue.
D.
All of the options are correct.
E.
None of the options are correct.
【单选题】Studies of mutual-fund performance________
A.
indicate that one should not randomly select a mutual fund.
B.
indicate that historical performance is not necessarily indicative of future performance.
C.
indicate that the professional management of the fund insures above market returns.
D.
indicate that one should not randomly select a mutual fund and indicate that historical performance is not necessarily indicative of future performance.
E.
indicate that historical performance is not necessarily indicative of future performance and indicate that the professional management of the fund insures above market returns.
【单选题】Which of the following are used by fundamental analysts to determine proper stock prices? ________I) TrendlinesII) EarningsIII) Dividend prospectsIV) Expectations of future interest ratesV) Resistance...
A.
I, IV, and V
B.
I, II, and III
C.
II, III, and IV
D.
II, IV, and V
E.
All of the items are used by fundamental analysts.
【单选题】The Food and Drug Administration (FDA) just announced yesterday that they would approve a new cancer-fighting drug from King. You observe that King had an abnormal return of 0% yesterday. This suggest...
A.
the market is not efficient.
B.
King stock will probably rise in value tomorrow.
C.
King stock will probably fall in value tomorrow.
D.
the approval was already anticipated by the market.
【单选题】________ are analysts who use information concerning current and prospective profitability of a firm to assess the firm's fair market value.
A.
Credit analysts
B.
Fundamental analysts
C.
Systems analysts
D.
Technical analysts
E.
Specialists
【单选题】You wish to earn a return of 13% on each of two stocks, X and Y. Stock X is expected to pay a dividend of \$3 in the upcoming year while stock Y is expected to pay a dividend of \$4 in the upcoming ye...
A.
will be greater than the intrinsic value of stock Y.
B.
will be the same as the intrinsic value of stock Y.
C.
will be less than the intrinsic value of stock Y.
D.
will be the same or greater than the intrinsic value of stock Y.
E.
None of the options are correct.
【单选题】High P/E ratios tend to indicate that a company will ________, ceteris paribus.
A.
grow quickly
B.
grow at the same speed as the average company
C.
grow slowly
D.
not grow
E.
None of the options are correct.