上海杉达学院
第一章Which formula describe the Capital Asset Pricing Model?（ ）
答案:
Which of the following descriptions are the assumption for Capital Asset Pricing Model?（ ）
答案:Investors focus on returns over one period.;Investors care only about expected return and standard deviation of return.;The 's of different investments are independent.;All investors make the same estimates of .;All investors can borrow or lend at the same risk-free rate.;Tax does not influence investment decisions.
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?（ ）
答案:0.12
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?（ ）
答案:0.92
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.（ ）
答案:对
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