2023年全國碩士研究生考試考研英語一試題真題（含答案詳解+作文范文）_第1頁
已閱讀1頁，還剩24頁未讀， 繼續(xù)免費閱讀

下載本文檔

版權(quán)說明：本文檔由用戶提供并上傳，收益歸屬內(nèi)容提供方，若內(nèi)容存在侵權(quán)，請進行舉報或認領(lǐng)

文檔簡介

1、CHAPTER13ReturnRisktheSecurityMarketLineI.DEFINITIONSPTFOLIOSa1.Aptfoliois:a.agroupofassetssuchasstocksbondsheldasacollectiveunitbyaninvest.b.theexpectedreturnonariskyasset.c.theexpectedreturnonacollectionofriskyassets.d

2、.thevarianceofreturnsfariskyasset.e.thestarddeviationofreturnsfacollectionofriskyassets.PTFOLIOWEIGHTSb2.Thepercentageofaptfolio’stotalvalueinvestedinaparticularassetiscalledthatasset’s:a.ptfolioreturn.b.ptfolioweight.c.

3、ptfoliorisk.d.rateofreturn.e.investmentvalue.SYSTEMATICRISKc3.Riskthataffectsalargenumberofassetseachtoagreaterlesserdegreeiscalled_____risk.a.idiosyncraticb.diversifiablec.systematicd.assetspecifice.totalUNSYSTEMATICRIS

4、Kd4.Riskthataffectsatmostasmallnumberofassetsiscalled_____risk.a.ptfoliob.undiversifiablec.marketd.unsystematice.totalPRINCIPLEOFDIVERSIFICATIONe5.Theprincipleofdiversificationtellsusthat:a.concentratinganinvestmentintwo

5、threelargestockswilleliminateallofyourrisk.b.concentratinganinvestmentinthreecompaniesallwithinthesameindustrywillgreatlyreduceyouroverallrisk.c.spreadinganinvestmentacrossfivediversecompanieswillnotloweryouroverallriska

6、tall.d.spreadinganinvestmentacrossmanydiverseassetswilleliminatealloftherisk.e.spreadinganinvestmentacrossmanydiverseassetswilleliminatesomeoftherisk.CHAPTER13II.CONCEPTSEXPECTEDRETURNe11.Youareconsideringpurchasingstock

7、S.Thisstockhasanexpectedreturnof8percentiftheeconomybooms3percentiftheeconomygoesintoarecessionaryperiod.Theoverallexpectedrateofreturnonthisstockwill:a.beequaltoonehalfof8percentifthereisa50percentchanceofaneconomicboom

8、.b.varyinverselywiththegrowthoftheeconomy.c.increaseastheprobabilityofarecessionincreases.d.beequalto75percentof8percentifthereisa75percentchanceofaboomeconomy.e.increaseastheprobabilityofaboomeconomyincreases.EXPECTEDRE

9、TURNc12.Whichoneofthefollowingstatementsiscrectconcerningtheexpectedrateofreturnonanindividualstockgivenvariousstatesoftheeconomya.Theexpectedreturnisageometricaveragewheretheprobabilitiesoftheeconomicstatesareusedasthee

10、xponentialpowers.b.Theexpectedreturnisanarithmeticaverageoftheindividualreturnsfeachstateoftheeconomy.c.Theexpectedreturnisaweightedaveragewheretheprobabilitiesoftheeconomicstatesareusedastheweights.d.Theexpectedreturnis

11、equaltothesummationofthevaluescomputedbydividingtheexpectedreturnfeacheconomicstatebytheprobabilityofthestate.e.Aslongasthetotalprobabilitiesoftheeconomicstatesequal100percentthentheexpectedreturnonthestockisageometricav

12、erageoftheexpectedreturnsfeacheconomicstate.EXPECTEDRETURNd13.Theexpectedreturnonastockthatiscomputedusingeconomicprobabilitiesis:a.guaranteedtoequaltheactualaveragereturnonthestockfthenextfiveyears.b.guaranteedtobethemi

13、nimalrateofreturnonthestockoverthenexttwoyears.c.guaranteedtoequaltheactualreturnftheimmediatetwelvemonthperiod.d.amathematicalexpectationbasedonaweightedaveragenotanactualanticipatedoutcome.e.theactualreturnyoushouldant

14、icipateaslongastheeconomicfecastremainsconstant.DIVERSIFIABLERISKSb14.Whichoneofthefollowingisanexampleofdiversifiableriska.thepriceofelectricityjustincreasedb.theemployeesofTextileInc.justvotedtogoonstrikec.thegovernmen

溫馨提示

  • 1. 本站所有資源如無特殊說明，都需要本地電腦安裝OFFICE2007和PDF閱讀器。圖紙軟件為CAD,CAXA,PROE,UG,SolidWorks等.壓縮文件請下載最新的WinRAR軟件解壓。
  • 2. 本站的文檔不包含任何第三方提供的附件圖紙等，如果需要附件，請聯(lián)系上傳者。文件的所有權(quán)益歸上傳用戶所有。
  • 3. 本站RAR壓縮包中若帶圖紙，網(wǎng)頁內(nèi)容里面會有圖紙預(yù)覽，若沒有圖紙預(yù)覽就沒有圖紙。
  • 4. 未經(jīng)權(quán)益所有人同意不得將文件中的內(nèi)容挪作商業(yè)或盈利用途。
  • 5. 眾賞文庫僅提供信息存儲空間，僅對用戶上傳內(nèi)容的表現(xiàn)方式做保護處理，對用戶上傳分享的文檔內(nèi)容本身不做任何修改或編輯，并不能對任何下載內(nèi)容負責(zé)。
  • 6. 下載文件中如有侵權(quán)或不適當內(nèi)容，請與我們聯(lián)系，我們立即糾正。
  • 7. 本站不保證下載資源的準確性、安全性和完整性, 同時也不承擔(dān)用戶因使用這些下載資源對自己和他人造成任何形式的傷害或損失。

評論

0/150

提交評論