更多"An analyst does research about secu"的相关试题:
[单项选择]An analyst does research about security market indices. Which of the following indices is most likely subject to survivorship bias()
A. Fixed-income indices.
B. Hedge fund index.
C. Real estate investment trust index.
[单项选择]An analyst does research about security market line (SML). With respect to the security market line, if an investor's estimated return is below the SML, a security is most likely:()
A. overvalued.
B. correctly valued.
C. undervalued.
[单项选择]An analyst does research about market supply curve. Which of the following statements is most accurate()
A. The market supply curve is a total cost curve.
B. The market supply curve is the horizontal sum of the individual producer's supply curves above average variable cost curve.
C. The market supply curve is formed by adding the producer surplus of all individual producers.
[单项选择]An analyst does research about market structures. With respect to traditional oligopoly model, which of the following is least accurate The kinked demand curve model assumes:
A. that there is a break in the marginal revenue curve.
B. that the price decreases by one firm is followed by its peers.
C. that the price and quantity are sensitive to small cost changes.
[单项选择]An analyst does research about market multiple models and gathers the following information about three companies in the same industry:
Company | Operating Income | Enterprise Value |
A | $95000 | $829000 |
B | $29000 | $327000 |
C | $41000 | $452000 |
Based on this information, which of the following corupanies is likely the most overvalued()
A. Company A.
B. Company B.
C. Company C.
[单项选择]An analyst does research about market efficiency. Which of the following statements least likely explains why a market mispricing may persist()
A. Arbitrage is encouraged to produce riskless profits.
B. A price discrepancy is insufficient large to leave the investor with a profit.
C. Short selling is limited or restricted.
[单项选择]An analyst does research about securities market indices and gathers the following information is about a value-weighted index comprised of three non-dividend paying stocks:
| 31 December 2011 | 31 December 2010 |
Stock | Share price | Outstanding shares | Share price | Outstanding shares |
1 | $23.00 | 3400 | $25.50 | 3400 |
9 | $19.50 | 6600 | $16.00 | 6600 |
3 | $33.00 | 4600 | $20.50 | 9200 |
If the index value on 31 December 2010 was 102.5, the index value on 31 December 2011 is closest to:()
A. 99.7
B. 96.5
C. 108.8
[单项选择]An analyst does research about future market transactions. The following information relates to futures market transactions for both an investor with a long position and an investor with a short position in the market:
Initial futures price per contract on Day 0 | $100 |
Initial margin requirement per contract | $6 |
Maintenance margin requirement per contract | $4 |
Number of contracts held by each investor | 10 |
Settlement price per contract on Day 1 | $103 |
At initiation of the contracts, each investor deposited enough funds to just meet the initial margin requirements. Which of the following statements about the two investors is most accurate The amount of funds that must be deposited on Day 2 by the investor holding the:
A. short position is $10.
B. long position is $30.
C. short position is $30.
[单项选择]An analyst does research about capital market line (CML). According to capital market theory, if an investor holds a portfolio that lies on the capital market line to the left of the market portfolio, that investor should expect that his portfolio will:()
A. eam less than the return on the market portfolio.
B. earn more than the return on the market portfolio.
C. haveless unsystematic risk than the market portfolio.
[单项选择]An analyst does research about commodity market. Which of the following is least likely a motivation of investing in commodities()
A. Commodity markets have lower volatility than the equity markets.
B. Commodities have a positive correlation with the unexpected inflation.
C. Commodities have a negative correlation with the stock and bond retums.
[单项选择]An analyst doesresearch about security market indices. Which of the following statements is least accurate to explain that a fixed-income market index is more difficult to create and compute than a stock market index()
A. The universe of fixed-income securities is changing constantly.
B. Fixed-income markets are predominantly dealer markets.
C. The number of fixed-income securities is much less than the number of equity securities.
[单项选择]An analyst does research about standard deviation and gathers the following information about two scenarios:
Scenario | Probability | Expected rate of return |
A | 0.40 | -5% |
B | 0.60 | 10% |
The expected standard deviation is closest to:()
A. 5.29%
B. 7.35%
C. 8.57%
[单项选择]An analyst does research about portfolio management. Which of the following statements is Least accurate when an investor diversifies a portfolio()
A. Systematic risk is eliminated.
B. The variance of the portfolio declines.
C. The portfolio will have a higher correlation with the market portfolio.
[单项选择]An analyst does research about relationship between credit spreads and economic well being. In general, credit spreads on corporate bonds tend to:()
A. tighten during both economic expansions and economic contractions.
B. widen during economic expansions and tighten during economic contractions.
C. tighten during economic expansions and widen during economic contractions.