投资学 第二章 答案

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1、1.28.Assumethatyouinvest$5000for30yearsinanaccountthatpaysaninterestrateof8.5%peryearwithannualcompounding.Theamountofinterest-on-interestearnedis?(1.0分)A.a)67,750B.b)52,791C.c)57,791D.d)40,041E.e)60,0002.29.Considerastockthathasanexpectedreturnof10%andstandarddeviationof14%.Assu

2、mingthatfuturereturnswillresemblepastreturns,aninvestorcanexpect95%ofactualfuturereturnstoliebetween(1.0分)A.a)-10%and24%B.b)10%and14%C.c)-32%and52%D.d)-4%and24%E.e)-18%and38%3.Assumethatyouinvest$5000for30yearsinanaccountthatpaysaninterestrateof8.5%peryearwithannualcompounding.Th

3、eamountofsimpleinterestearnedis?A.a)$67,750B.b)$12,750C.c)$57,791D.d)$40,041E.e)$60,0004.18.IfU.S.firmsincreasetheirdebt/totalcapitalratios,itwillverylikelycauserequiredreturnsto(1.0分)A.a)Increaseandchangetheslopeofthecapitalmarketline(CML).B.b)Increaseandcauseamovementupalongthe

4、capitalmarketline(CML).C.c）Remainunchangedandcauseaparallelshiftofthecapitalmarketline(CML).D.d)Decreaseandchangetheslopeofthecapitalmarketline(CML).E.e)Decreaseandcauseamovementdownalongthecapitalmarketline(CML).5.17.Thefollowingwouldbeanexampleofsystematicrisk:(1.0分)A.a)Changes

5、ininterestrates.B.b)Managementdecisions.C.c)Stabilityofsales.D.d)Theamountofdebtfinancing.E.e)Liquidity.6.16.Thenominalriskfreerateisinfluencedbythefollowingfactors:(1.0分)A.a)Inflationaryexpectationsandcapitalmarketconditions.B.b)Businessriskandfinancialrisk.C.c)Investmentopportu

6、nitiesandtimepreferenceforconsumption.D.d)Alloftheabove.E.e)Noneoftheabove.7.15.IfasignificantchangeisnotedintheyieldofaT-bill,thechangeismostlikelyattributableto:(1.0分)A.a)Adownturnintheeconomy.B.b)Astaticeconomy.C.c)Achangeintheexpectedrateofinflation.D.d)Achangeintherealrateof

7、interest.E.e)Achangeinriskaversion.8.14.Therealriskfreerateisinfluencedbythefollowingfactors:(1.0分)A.a)Inflationaryexpectationsandcapitalmarketconditions.B.b)Businessriskandfinancialrisk.C.c)Investmentopportunitiesandtimepreferenceforconsumption.D.d)Alloftheabove.E.e)Noneoftheabo

8、ve.9.13.Thecoefficientofvariationisameas