A.A short sale involves securities the investor does not own.
B.A short seller loses if the price of the stock sold short decreases.
C.If the stock pays a dividend, the short seller owes the dividend to the lender of the stock.
D.A short seller is required to set up a margin account.
第1题
eph Cardinal, to discuss Cardinal’s investment constraints. Samuel has established that: Cardinal plans to retire from his job as a bond salesman in 17 years, after which this portfolio will be his primary source of income. Cardinal has sufficient cash available that he will not need this portfolio to generate cash outflows until he retires. Cardinal, as a registered securities representative, is required to have Samuel send a copy of his account statements to the compliance officer at Cardinal’s employer. Cardinal opposes certain policies of the government of Lower Pannonia and does not wish to own any securities of companies that do business with its regime. To complete his assessment of Cardinal’s investment constraints, Samuel still needs to inquire about Cardinal’s:
A.liquidity needs.
B.legal and regulatory factors.
C.unique needs and preferences.
D.tax concerns.
第2题
A.divided by the product of the assets’ standard deviations of returns.
B.multiplied by the product of the assets’ variances of returns.
C.multiplied by the product of the assets’ standard deviations of returns.
D.divided by the product of the assets’ variances of returns.
第3题
a price of $26 per share over the next year. The company is not expected to pay a dividend. The following information pertains: RF = 8% ERM = 16% Beta = 1.7 Should the investor purchase the stock?
A.No, because it is undervalued.
B.Yes, because it is overvalued.
C.No, because it is overvalued.
D.Yes, because it is undervalued.
第4题
A.investors can lend any amount of money at the risk-free rate.
B.all investors desire to be the same location on the efficient frontier.
C.all investors have the same one-period time horizon.
D.it is possible to buy or sell fractional shares of an investment.
第5题
A.increase by 22.5%.
B.increase by $4.00.
C.decrease by $22.50.
D.increase by $34.00.
第6题
A.market segmentation theory.
B.preferred habitat theory.
C.liquidity preference theory.
D.pure expectations theory.
第7题
s primarily concerned with the effective duration of the measure. The bond is a 15-year semiannual pay bond with a 9% coupon that is currently priced at $1,076.50 to yield 8.11%. If the yield changes by 25 basis points, the effective duration of this bond is closest to:
A.12.25.
B.8.41.
C.7.42.
D.9.53.
第8题
o. To achieve this goal, she has purchased a 7%, 15-year corporate bond at a discount price of 93.50. What amount of reinvestment income will she need to earn over this 15-year period to achieve a compound return of 7% on a semiannual basis?
A.$624.
B.$724.
C.$459.
D.$574.
第9题
ds rise, the price of putable bonds will fall less quickly than similar option-free bonds (beyond a critical point) due to the increase in value of the embedded put option. Statement 2: As yields fall, the price of putable bonds will rise more quickly than similar option-free bonds (beyond a critical point) due to the increase in value of the embedded put option. Are these statements correct or incorrect? Statement 1 Statement 2
A.Correct Incorrect
B.Correct Correct
C.Incorrect Incorrect
D.Incorrect Correct
第10题
llowing conditions? Capital projects are accepted at any point along a firm’s investment opportunity schedule that is:
A.below the firm’s marginal cost of capital curve.
B.above the firm’s average cost of capital curve.
C.above the firm’s marginal cost of capital curve.
D.below the firm’s average cost of capital curve.
为了保护您的账号安全,请在“上学吧”公众号进行验证,点击“官网服务”-“账号验证”后输入验证码“”完成验证,验证成功后方可继续查看答案!