5股票与投资分析题库.pdf

5

1.Youputup$50atthebeginningoftheyearforaninvestment.Thevalueoftheinvestmentgrows4%and

youearnadividendof$3.50.YourHPRwas____.

A.4.00%

B.3.50%

C.7.00%

D.11.00%

2.The______measureofreturnsignorescompounding.

A.geometricaverage

B.arithmeticaverage

C.IRR

D.dollarweighted

3.Ifyouwanttomeasuretheperformanceofyourinvestmentinafund,includingthetimingofyour

purchasesandredemptionsyoushouldcalculatethe__________.

A.geometricaveragereturn

B.arithmeticaveragereturn

C.dollarweightedreturn

D.indexreturn

4.Whichoneofthefollowingmeasuretimeweightedreturns?

I.Geometricaveragereturn

II.Arithmeticaveragereturn

III.Dollarweightedreturn

A.Ionly

B.IIonly

C.IandIIonly

D.IandIIIonly

5.Rankthefollowingfromhighestaveragehistoricalreturntolowestaveragehistoricalreturnfrom1926-

2008.

I.Smallstocks

II.Longtermbonds

III.Largestocks

IV.T-bills

A.I,II,III,IV

B.III,IV,II,I

C.I,III,II,IV

D.III,I,II,IV

6.Rankthefollowingfromhighestaveragehistoricalstandarddeviationtolowestaveragehistoricalstandard

deviationfrom1926-2008.

I.Smallstocks

II.Longtermbonds

III.Largestocks

IV.T-bills

A.I,II,III,IV

B.III,IV,II,I

C.I,III,II,IV

D.III,I,II,IV

7.Youhavecalculatedthehistoricaldollarweightedreturn,annualgeometricaveragereturnandannual

arithmeticaveragereturn.Ifyoudesiretoforecastperformancefornextyear,thebestforecastwillbegiven

bythe________.

A.dollarweightedreturn

B.geometricaveragereturn

C.arithmeticaveragere