700+ câu trắc nghiệm Đầu tư dự án có đáp án - Phần 14

A. 2

B. 1

C. 4

D. 3

E. cannot tell from the information given 11.

A. Investment B dominates Investment C.

B. Investment D dominates only Investment B.

C. Investment B dominates Investment A.

D. Investment D dominates all of the other investments.

E. Investment C dominates investment A

A. III and IV

B. I and III

C. I and II

D. II and IV

E. I and V

A. represented by the scaling factor "−.005" in the utility function.

B. the rate that a risk-free investment would need to offer with certainty to be considered equally attractive as the risky portfolio.

C. the rate that equates "A" in the utility function with the average risk aversion coefficient for all risk-averse investors.

D. the minimum rate guaranteed by institutions such as banks.

E. the rate that the investor must earn for certain to give up the use of his money.

A. None of these is correct.

B. cannot be known with perfect certainty.

C. can be calculated precisely with the use of advanced calculus.

D. allow the advisor to create more suitable portfolios for the client.

E. cannot be known with perfect certainty but they do allow the advisor to create more suitable portfolios for the client.

A. final wealth will be greater than initial wealth.

B. investors will lose money.

C. terminal wealth will be less than initial wealth.

D. more than one outcome is possible.

E. the standard deviation of the payoff is larger than its expected value

A. will increase as the rate of return increases.

B. will decrease as the rate of return increases.

C. will decrease as the standard deviation decreases.

D. will increase as the variance increases.

E. will decrease as the variance decreases.

A. the security's variance.

B. minimum required utility of the portfolio.

C. investor's return requirement.

D. investor's aversion to risk.

E. certainty-equivalent rate of the portfolio

A. A portfolio that pays 10 percent with 40 percent probability or 5 percent with a 60 percent probability.

B. A portfolio that pays 12 percent with 20 percent probability or 2 percent with 80 percent probability.

C. A portfolio that pays 10 percent with a 60 percent probability or 5 percent with 40 percent probability.

D. A portfolio that pays 12 percent with 60 percent probability or 5 percent with 40 percent probability.

E. A portfolio that pays 12 percent with 40 percent probability or 5 percent with 60 percent probability.

A. The investor's feelings about loss

B. The investor's prior investing experience

C. The investor's tendency to make risky or conservative choices

D. The level of return the investor prefers

E. The investor's degree of financial security

A. I and II only

B. II, III, and IV only

C. II and III only

D. I only

E. II only

A. They only accept risky investments that offer risk premiums over the risk- free rate.

B. They only care about the rate of return and accept investments that are fair games.

C. They only care about the rate of return.

D. They accept investments that are fair games.

E. They are willing to accept lower returns and high risk.

A. assessing the effects of inflation.

B. measuring the standard deviation of returns.

C. understanding how returns increase relative to risk increases.

D. analyzing returns on variable rate bonds.

E. None of these is correct.

A. 0.087; 0.06

B. 0.087; 0.12

C. 0.114; 0.12

D. 0.795; 0.14

E. 0.295; 0.12

A. 0.106; 0.137

B. 0.114; 0.112

C. 0.096; 0.126

D. 0.087; 0.144

E. 0.087; 0.063

A. may involve the decision as to the allocation between a risk-free asset and a risky asset and may involve the decision as to the allocation among different risky assets.

B. may involve considerable security analysis.

C. may involve the decision as to the allocation between a risk-free asset and a risky asset and may involve considerable security analysis.

D. may involve the decision as to the allocation among different risky assets only.

E. may involve the decision as to the allocation between a risk-free asset and a risky asset only

A. all investors will have the same portfolio asset allocations.

B. investors would perform vastly different levels of security analysis.

C. investors will hold varying amounts of the risky asset in their portfolios.

D. investors will hold varying amounts of the risk-free asset in their portfolios.

E. investors will hold varying amounts of the risky asset and the risk-free asset in their portfolios

A. Cannot be determined.

B. The set of portfolios formed with the T-bill and security A.

C. The set of portfolios formed with the T-bill and security D.

D. The set of portfolios formed with the T-bill and security C.

E. The set of portfolios formed with the T-bill and security B

A. maximizes her expected utility.

B. maximizes her expected profit.

C. minimizes both her risk and return.

D. minimizes her risk.

E. maximizes her risk

A. skewness

B. the Indifference Curve

C. the investor's utility line

D. the Security Market Line

E. the Capital Allocation Line

A. I, II, and III

B. III and IV

C. II, III, and IV

D. I, II, III, and IV

E. I, III, and IV

A. an investor's risk tolerance is decreasing.

B. borrowing rate exceeding lending rate.

C. increase in the portfolio proportion of the risk-free asset.

D. reward-to-volatility ratio increasing.

E. a flawed theory

A. analyzing financial statements.

B. assessing risk tolerance.

C. estimating security betas.

D. determining how much money a client needs to make.

E. identifying market anomalies.

A. change the standard deviation of the portfolio and find the expected return the investor would require to maintain the same utility level.

B. change the risk-free rate and find the utility level that results in the same standard deviation.

C. change the expected return of the portfolio and equate the utility to the standard deviation.

D. find another utility level with 0% risk.

E. find the utility of a portfolio with 0% in the risk-free asset.

A. Both their short-term nature makes their values insensitive to interest rate fluctuations and the inflation uncertainty over their time to maturity is negligible.

B. both the inflation uncertainty over their time to maturity is negligible and their term to

C. their short-term nature makes their values insensitive to interest rate fluctuations.

D. the inflation uncertainty over their time to maturity is negligible.

E. their term to maturity is identical to most investors' desired holding periods

A. \$568; \$378; \$54

B. \$108; \$514; \$378

C. \$568; \$54; \$378

D. \$378; \$54; \$568

E. Cannot be determined

A. The CAL shows risk-return combinations and is also called the efficient frontier of risky assets in the absence of a risk-free asset.

B. The CAL is also called the efficient frontier of risky assets in the absence of a risk-free asset.

C. The CAL shows risk-return combinations.

D. The slope of the CAL is also called the reward-to-volatility ratio.

E. The slope of the CAL equals the increase in the expected return of the complete portfolio per unit of additional standard deviation.

A. 0.50; 0.50

B. 0.25; 0.75

C. cannot be determined

D. 0.19; 0.81

E. 0.65; 0.35

A. 62.5% and 37.5%

B. 75% and 25%

C. cannot be determined

D. 57% and 43%

E. 85% and 15%

A. 50% and 50%

B. 30% and 70%

C. Cannot be determined.

D. 60% and 40%

E. 40% and 60%