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【单选题】
You purchased a share of stock for \$20. One year later you received \$1 as a dividend and sold the share for \$29. What was your holding-period return?
A.
45%
B.
50%
C.
5%
D.
40%
E.
None of the options
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【单选题】Assume an investor with the following utility function: $U=E(r)-3/2(s^2)$. To maximize her expected utility, she would choose the asset with an expected rate of return of ___ and a standard deviation ...
A.
12%; 20%
B.
10%; 15%
C.
10%; 10%
D.
8%; 10%
【单选题】In a return-standard deviation space, which of the following statements is (are) true for risk-averse investors? (The vertical and horizontal lines are referred to as the expected return-axis and the ...
A.
I and II only
B.
II and III only
C.
I and IV only
D.
III and IV only
E.
None of the options
【单选题】You have been given this probability distribution for the holding-period return for KMP stock. What is the expected holding-period return for KMP stock?State of the EconomyProbabilityHPRBoom.3018%Norm...
A.
10.40%
B.
9.32%
C.
11.63%
D.
11.54%
E.
10.88%
【单选题】According to the mean-variance criterion, which one of the following investments dominates all others? ()
A.
E(r) = 0.15; Variance = 0.20
B.
E(r) = 0.10; Variance = 0.20
C.
E(r) = 0.10; Variance = 0.25
D.
E(r) = 0.15; Variance = 0.25
E.
None of these options dominates the other alternatives.
【单选题】Consider the following three stocks. The price-weighted index constructed with the three stocks is ( ) StockPriceNumber of shares outstandingStock A$40200Stock B$70500Stock C$10600
A.
30.
B.
40.
C.
50.
D.
60.
E.
70.
【单选题】An investor invests 30% of his wealth in a risky asset with an expected rate of return of 0.13 and a variance of 0.03 and 70% in a T-bill that pays 6%. His portfolio's expected return and standard dev...
A.
0.114; 0.128
B.
0.087; 0.063
C.
0.295; 0.125
D.
0.081; 0.052
【单选题】Market risk is also referred to as ()
A.
systematic risk, diversifiable risk.
B.
systematic risk, nondiversifiable risk.
C.
unique risk, nondiversifiable risk.
D.
unique risk, diversifiable risk.
【单选题】The capital allocation line can be described as the ( )
A.
investment opportunity set formed with a risky asset and a risk-free asset.
B.
investment opportunity set formed with two risky assets.
C.
line on which lie all portfolios that offer the same utility to a particular investor.
D.
line on which lie all portfolios with the same expected rate of return and different standard deviations.
【单选题】The efficient frontier of risky assets is ()
A.
the portion of the investment opportunity set that lies above the global minimum variance portfolio.
B.
the portion of the investment opportunity set that represents the highest standard deviations.
C.
the portion of the investment opportunity set that includes the portfolios with the lowest standard deviation.
D.
the set of portfolios that have zero standard deviation.
【单选题】Asset allocation may involve ()
A.
the decision as to the allocation between a risk-free asset and a risky asset.
B.
the decision as to the allocation among different risky assets.
C.
considerable security analysis.
D.
the decision as to the allocation between a risk-free asset and a risky asset and the decision as to the allocation among different risky assets.
E.
the decision as to the allocation between a risk-free asset and a risky asset and considerable security analysis.