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Joe Mayer, CFA, projects that XYZ Company's return on equity varies with the state
The standard deviation of XYZ's expected return on equity is closest to:
A) 3.5%.
B) 12.3%.
C) 1.3%.
D) 1.5%.
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The standard deviation of XYZ's expected return on equity is closest to:
A) 3.5%.
B) 12.3%.
C) 1.3%.
D) 1.5%.
第1题
. Romel wants to calculate the return on the portfolio. Over the last five years, the fund’s annual percentage returns were: 25, 15, 12, -8, and –14. Determine if the geometric return of the fund will be less than or greater than the arithmetic return and calculate the fund’s geometric return:
Geometric Return Geometric compared to Arithmetic
A) 4.96% greater than
B) 12.86% greater than
C) 12.86% less than
D) 4.96% less than
第2题
ample with 64 observations, the researcher calculates a sample mean of -2.5 and a sample standard deviation of 8.0. At which levels of significance should the researcher reject the hypothesis?
1% significance 5% significance 10% significance
A) Reject Fail to reject Fail to reject
B) Fail to reject Fail to reject Reject
C) Reject Reject Reject
D) Fail to reject Reject Reject
第3题
inheritance. Tekei needs funds for the down payment on a co-op in Manhattan and has found a bank that will give her the present value of her inheritance amount, assuming an 8.0% stated annual interest rate with continuous compounding. Will the proceeds from the bank be sufficient to cover her down payment of $65,000?
A) Yes, Tekei will receive $68,058.
B) No, Tekei will only receive $49,182.
C) No, Tekei will only receive $61,878.
D) Yes, Tekei will receive $67,028.
第4题
n of 6.45, its price value of a basis point (PVBP) isclosest to:
A. 0.0524
B. 0.0628
C. 0.0779
第5题
rest rate risk of a bond portfolio relative to the duration/convexity approach?
A. less time consuming.
B. easier to model.
C. more accurate.
第6题
erest rate risk of a bond portfolio, compared to the duration/convexity approach?
A. It ignores the impact of embedded options.
B. It is relatively time consuming.
C. It cannot be used for stress testing.
第7题
putable bonds will fall more quickly than comparable option-free bonds (beyond a critical point) due to the decline in value of the embedded put option. Meimei Han adds that as yields fall, the price of putable bonds will climb more quickly than comparable option-free bonds (beyond a critical point) due to the increase in value of the embedded put option. Are their statements about putable bonds correct?
A. Neither statement is correct.
B. Both statements are correct.
C. Only one of the statements is correct.
第8题
interest rate fell by 25 basis points, the new price would beclosest to:
A. $998
B. $1,015
C. $1,032
第9题
bond’s:
A. modified duration
B. Macaulay duration
C. effective duration
第10题
le bond behaves much the same as a comparable option-free bond. Kate King adds that as yields fall, the price of callable bonds will rise less quickly than comparable option-free bonds (beyond a critical point). Are their statements about callable bonds correct?
A. Neither statement is correct.
B. Both statements are correct.
C. Only one of the statements is correct.
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