第一章测试1.Which formula describe the Capital Asset Pricing Model?（ ）
A:
B:
C:
答案:C
2.Which of the following descriptions are the assumption for Capital Asset Pricing Model?（ ）
A:Investors focus on returns over one period. B:Tax does not influence investment decisions. C:All investors can borrow or lend at the same risk-free rate. D:Investors care only about expected return and standard deviation of return. E:All investors make the same estimates of
.
F:The 
's of different investments are independent.
答案:ABCDEF
3.The return from the market last year was 10% and the risk-free rate was 5%. A hedge fund manager with a beta of 0.6 has an alpha of 4%. What return did the hedge fund manager earn?（ ）
A:0.15 B:0.10 C:0.12
答案:C
4.Suppose the S&P 500 Index has an expected annual return of 7.2% and volatility of 8.2%. Suppose Andromeda Fund has an expected annual return of 6.8% and volatility of 7.0% and is benchmarked against the S&P 500 Index. According to the CAPM, if the risk-free rate is 2.2% per year, what is the beta of the Andromeda Fund?（ ）
A:0.20 B:0.90 C:1.23 D:0.92
答案:D
5.If a bond issued by a company have a rating of AAA, the company generally can not be referred to as having a rating of AA.（ ）
A:对 B:错
答案:A
温馨提示支付 ￥3.00 元后可查看付费内容,请先翻页预览!
