更多"Which of the following statements r"的相关试题:
[单项选择]Which of the following statements regarding equity forward contracts is FALSE（ ）
A. Equity forwards may be settled in cash.
B. Dividends are never included in index forwards.
C. A short position in equity forward could not hedge the risk of a purchase of that equity in the future.
[单项选择]Which of the following statements regarding margin accounts is TRUE（ ）
A. A margin call is issued only on short positions.
B. Margin accounts can be used to purchase securities by borrowing part of the purchase price.
C. Margin refers to the amount of funds the investor can borrow.
[单项选择]Which of the following statements regarding survivorship bias in hedge funds is TRUE Survivorship bias tends to: （）
A. understate the performance and overstate the volatility of hedge funds.
B. overstate the performance and understate the volatility of hedge funds.
C. overstate both the performance and volatility of hedge funds.
[单项选择]Which of the following statements regarding forward contracts on T-bills is TRUE（）
A. If short-term yields increase unexpectedly after contract initiation, the short will profit on the contract.
B. There is no default risk on these forwards because T-bills are government-backed.
C. The long will receive a payment at settlement if the discount yield is above the forward yield.
[单项选择]Which of the following statements regarding diminishing marginal returns is most accurate（）
A. As the quantity produced rises, costs begin to rise at a decreasing rate.
B. As the quantity produced falls, costs begin to rise at a decreasing rate.
C. As the quantity produced rises, costs begin to rise at an increasing rate.
[单项选择]Which of the following statements regarding the mark to market of a futures account is FALSE Marking to market of a futures account:（ ）
A. may result in a margin balance above the initial margin amount and may be done more often than daily.
B. is only done when the settlement price is below the maintenance price.
C. effectively adjusts the price of the future to the new equilibrium level.
[单项选择]Which of the following statements regarding a plain vanilla swap is FALSE（ ）
A. The notional principal amounts are exchanged at contract initiation and at the termination of the swap.
B. Only a net payment is made on each settlement date.
C. If interest rates decrease, the swap has a negative value to the fixed rate payer.
[单项选择]Which of the following statements regarding the internal rate of return (IRR) is most accurate The IRR:（）
A. assumes that the reinvestment rate of the cash flows is the cost of capital.
B. ignores the time value of money.
C. and the net present value (NPV) method lead to the same accept/reject decision for independent projects.
[单项选择]Which of the following statements regarding the supply of labor is least accurate（）
A. The income effect of a wage increase is to decrease the amount of labor supplied.
B. Capital goods that increase productivity in the home can affect the supply of labor positively.
C. Other things equal, an increase in the wage rate will lead to an increase in the amount of labor an individual will supply.
[单项选择]Which of the following statements regarding the Markowitz efficient frontier is least likely to be correct The optimal portfolio for:（）
A. a more risk-averse inverse investor will lie inside the efficient frontier but will lie outside the efficient frontier for a less risk-averse investor.
B. an investor is the portfolio that lies on the efficient frontier and provides her with the greatest level utility.
C. an investor is found at the point of tangency between the efficient frontier and an investor’s highest utility curve.
[单项选择]Which of the following statements regarding Global Investment Performance Standards (GIPS) is most accurate（）
A. GIPS exist as a best or maximum worldwide standard where local or country specific law for in vestment performance measurement does not exist.
B. GIPS require that managers rank order all fee - paying discretionary portfolios back at least five years or for as long as they have been in existence.
C. GIPS require that all fee - paying discretionary portfolios be included in composites defined according to investment objective or similar strategy and firms must show GIPS compliant history for a minimum of five years or since inception if a composite has existed less than five years.
[单项选择]Which of the following statements regarding early termination of a forward contract is TRUE（ ）
A. There is no way to terminate a forward contract early.
B. A party who enters into an offsetting contract to terminate has no risk.
C. Early termination through an offsetting transaction with the original counterparty eliminates default risk.
[单项选择]Which of the following statements regarding Eurodollar time deposits is FALSE（ ）
A. Rates are quoted as an add-on yield and are based on a 360-day year.
B. Sometimes the best rates are available in New York City.
C. They are available in Switzerland.
[单项选择]Which of the following statements regarding secondary markets is FALSE Secondary markets are important because they provide:（）
A. investors with continuous information.
B. firms with greater access to external capital.
C. regulators with information about market participants.
[单项选择]Which of the following statements regarding primary and secondary markets is FALSE（ ）
A. Secondary market transactions occur between two investors and do not involve the firm that originally issued the security.
B. New issues of government securities can be sold on the primary market.
C. Prevailing market prices are determined by primary market transactions and are used in pricing new issues.
[单项选择]Which of the following statements regarding capital market efficiency is TRUE（）
A. Study results generally do not support the strong form of the efficient market hypothesis.
B. Event studies and time series tests provide evidence that markets do not tend to be semistrong form efficient.
C. Corporate insiders and stock exchange specialists have monopolistic access to information that can be used to obtain positive abnormal returns.
