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【单选题】
The trading of stock that was previously issued takes place ()
A.
in the secondary market.
B.
in the primary market.
C.
usually with the assistance of an investment banker.
D.
in the secondary and primary markets.
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参考答案：
参考解析：
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举一反三
【单选题】debt security pays ()
A.
a fixed level of income for the life of the owner.
B.
a variable level of income for owners on a fixed income.
C.
a fixed or variable income stream at the option of the owner.
D.
a fixed stream of income or a stream of income that is determined according to a specified formula for the life of the security.
【单选题】Firms raise capital by issuing stock ()
A.
in the secondary market.
B.
in the primary market.
C.
to unwary investors.
D.
only on days when the market is up.
【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
【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.