700+ câu trắc nghiệm Đầu tư tài chính có đáp án - Phần 13

Toyota stock has the following probability distribution of expected prices one year from now: State of the economy Probability Price Boom 0.25 \$50 Normal Growth 0.40 \$60 Recession 0.35 \$70 If you buy Toyota today for \$55 and it will pay a dividend during the year of \$4 per share, what is your expected holding-period return on Toyota?

When comparing investments with different horizons the_______provides the more accurate comparison.

Which of the following determine(s) the level of real interest rates? I) The supply of savings by households and business firms; II) The demand for investment funds; III) The government's net supply and/or demand for funds

Which of the following measures of risk best highlights the potential loss from extreme negative returns?

Which of the following statement(s) is (are) true?

I) The real rate of interest is determined by the supply and demand for funds;

II) The real rate of interest is determined by the expected rate of inflation;

III) The real rate of interest can be affected by actions of the Fed;

IV) The real rate of interest is equal to the nominal interest rate plus the expected rate of inflation.

You have been given this probability distribution for the holding- period return for KMP stock:

Stock of the Economy Probability HPR Boom 0.30 18 %

Normal growth 0.50 12 %

Recession 0.20 5 %

What is the expected holding-period return for KMP stock?

You have been given this probability distribution for the holding- period return for KMP stock:

Stock of the Economy Probability HPR Boom 0.30 18 %

Normal growth 0.50 12 %

Recession 0.20 5 %

What is the expected standard deviation for KMP stock?

You have been given this probability distribution for the holding- period return for KMP stock:

Stock of the Economy Probability HPR

Boom 0.30 18 %

Normal growth 0.50 12 %

Recession 0.20 5 %

What is the expected variance for KMP stock?

You have been given this probability distribution for the holding- period return for Cheese, Inc stock: State of the economy Probability HPR Boom 0.20 24% Normal Growth 0.45 15% Recession 0.35 8% Assuming that the expected return on Cheese's stock is 14.35%, what is the standard deviation of these returns?

You purchase a share of Boeing stock for \$90. One year later, after receiving a dividend of \$3, you sell the stock for \$92. What was your holding-period return?

You purchased a share of stock for \$12. One year later you received \$0.25 as a dividend and sold the share for \$12.92. What was your holding-period return?

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 fair game____

A portfolio has an expected rate of return of 0.15 and a standard deviation of 0.15. The risk-free rate is 6 percent. An investor has the following utility function: U = E(r) − (A/2)s2. Which value of A makes this investor indifferent between the risky portfolio and the risk-free asset?

According to the mean-variance criterion, which one of the following investments dominates all others?

Assume an investor with the following utility function: U = E(r) − 3/2(s2). To maximize her expected utility, she would choose the asset with an expected rate of return of________and a standard deviation of_____, respectively.

Consider a risky portfolio, A, with an expected rate of return of 0.15 and a standard deviation of 0.15, that lies on a given indifference curve. Which one of the following portfolios might lie on the same indifference curve?

Elias is a risk-averse investor. David is a less risk-averse investor than Elias. Therefore,

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 standard deviation-axis, respectively.) I) An investor's own indifference curves might intersect; II) Indifference curves have negative slopes; III) In a set of indifference curves, the highest offers the greatest utility; IV) Indifference curves of two investors might intersect.

In the mean-standard deviation graph an indifference curve has a ______ slope.

In the mean-standard deviation graph, which one of the following statements is true regarding the indifference curve of a risk-averse investor?