投资管理习题一.docVIP

《投资分析与组合管理》课程练习一 得 分 评阅人 一、单选题（本大题共25小题，每小题1分，共25分） （备注——请将答案写在题目上方的答题纸上，写在其它地方不给分） 1 2 3 4 5 b c c c b 6 7 8 9 10 d c d c d 11 12 13 14 15 c b c a d 16 17 18 19 20 c c a a b 21 22 23 24 25 c c a c b 1. The rate of exchange between future consumption (future dollars) and current consumption (current dollars) is a. the real rate of interest. b. the pure rate of interest. c. the risk-free rate of interest. d. the nominal rate of interest. 2. Which of the following is not a financial investment? a. Buying shares in a retail company. b. Borrowing money to buy a house. c. Buying a new computer system for your office. d. Depositing money in a bank. 3. Which of the following describes the term ‘risk averse’? a. Being willing to take a fair gamble. b. Not willing to take on any risk. c. Choosing the less risky of two equal payoffs. d. Always choosing low risk low return investments. 4. You have $1000 to invest in a bank, which has offered you 6% interest compounded monthly. How much would you have at the end of the year if you placed $1000 in the bank? a. 1060. b. 1060.90. c. 1061.68. d. 1061.83. 5. The holding period yield (HPY) is equal to the holding period return (HPR) minus a. 0. b. 1. c. 2. d. 3. 6. Which of the following is not a risk in international operations? a. Government regulations. b. Manufacturing locations. c. Capital structure decision. d. Dividend decision. 7. The security market line (SML) a. tells us the price of a security in the market. b. indicates the amount of unsystematic risk for a given return . c. describes the relationship between risk and return as being positive. d. indicates the correlation between the risk free asset and the market. 8. The Important strategic decisions that should be addressed in an investment policy statement include? a. The asset classes that are to be deemed appropriate for investment in the target portfolio. b. The allowable range of asset mixes. c. The allowable risk level for indi