Bodie Kane Marcus

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1、ch26Student:___________________________________________________________________________1.______arethedominantformofinvestinginsecuritiesmarketsformostindividualsand______haveenjoyedfargreatergrowthrateinthelastdecade.A.Hedgefunds;hedgefundsB.Mutualfunds;hedgefundsC.Hedgefunds;mutualfundsD

2、.Mutualfunds;mutualfundsE.noneoftheabove2.Likemutualfunds,hedgefundsA.allowprivateinvestorstopoolassetstobemanagedbyafundmanager.B.arecommonlyorganizedasprivatepartnerships.C.aresubjecttoextensiveSECregulations.D.aretypicallyonlyopentowealthyorinstitutionalinvestors.E.BandD3.Unlikemutualf

3、unds,hedgefundsA.allowprivateinvestorstopoolassetstobemanagedbyafundmanager.B.arecommonlyorganizedasprivatepartnerships.C.aresubjecttoextensiveSECregulations.D.aretypicallyonlyopentowealthyorinstitutionalinvestors.E.BandD4.Hedgefundstypically______relativemispricingofspecificsecuritiesand

4、______broadmarketexposure.A.beton;betonB.hedge;hedgeC.hedge;betonD.beton;hedgeE.noneoftheabove5.Hedgefunds______engageinmarkettiming______takeextensivederivativepositions.A.cannot;andcannotB.cannot;butcanC.can;andcanD.can;butcannotE.noneoftheabove6.Theriskprofileofhedgefunds______,makingp

5、erformanceevaluation______.A.canshiftrapidlyandsubstantially;challengingB.canshiftrapidlyandsubstantially;straightforwardC.isstable;challengingD.isstable;straightforwardE.noneoftheabove7.SharesinhedgefundsarepricedA.atNAVB.asignificantpremiumtoNAVC.asignificantdiscountfromNAVD.BorCE.noneo

6、ftheabove8.Hedgefundsaretypicallysetupas______andprovide______informationaboutportfoliocompositionandstrategytotheirinvestors.A.limitedpartnerships;minimalB.limitedpartnerships;extensiveC.investmenttrusts;minimalD.investmenttrusts;extensiveE.noneoftheabove9.Hedgefundsare______transparentt

7、hanmutualfundsbecauseof______strictSECregulationonhedgefunds.A.more;moreB.more;lessC.less;lessD.less;moreE.noneoftheabove10.______mustperiodicallyprovidethepublicwithinformationonportfoliocomposition.A.HedgefundsB.MutualfundsC.ADRsD.AandCE.AandB11.______aresubjectto