CHAPTER_3_RISK_AND_RETURN_PART_II

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1、CHAPTER3—RISKANDRETURN:PARTII1. TheslopeoftheSMLisdeterminedbythevalueofbeta. a. True b. FalseANSWER:  FalsePOINTS:  1DIFFICULTY:  Difficulty:EasyLEARNING OBJECTIVES:  INTE.GENE.16.12-LO:3-4NATIONAL STANDARDS:  UnitedStates-BUSPROG:ReflectiveThinkingSTATE STAN

2、DARDS:  UnitedStates-AK-DISC:RiskandreturnLOCAL STANDARDS:  UnitedStates-OH-DefaultCity-TBATOPICS:  SMLKEYWORDS:  Bloom’s:Knowledge2. IfyouplottedthereturnsofSelleck&Companyagainstthoseofthemarketandfoundthattheslopeofyourlinewasnegative,theCAPMwouldindicateth

3、attherequiredrateofreturnonSelleck'sstockshouldbelessthantherisk-freerateforawell-diversifiedinvestor,assumingthattheobservedrelationshipisexpectedtocontinueinthefuture. a. True b. FalseANSWER:  TruePOINTS:  1DIFFICULTY:  Difficulty:EasyLEARNING OBJECTIVES:  I

4、NTE.GENE.16.12-LO:3-4NATIONAL STANDARDS:  UnitedStates-BUSPROG:ReflectiveThinkingSTATE STANDARDS:  UnitedStates-AK-DISC:RiskandreturnLOCAL STANDARDS:  UnitedStates-OH-DefaultCity-TBATOPICS:  SMLKEYWORDS:  Bloom’s:Knowledge3. Ifthereturnsoftwofirmsarenegatively

5、correlated,thenoneofthemmusthaveanegativebeta. a. True b. FalseANSWER:  TruePOINTS:  1DIFFICULTY:  Difficulty:EasyLEARNING OBJECTIVES:  INTE.GENE.16.13-LO:3-5NATIONAL STANDARDS:  UnitedStates-BUSPROG:ReflectiveThinkingSTATE STANDARDS:  UnitedStates-AK-DISC:Ris

6、kandreturnLOCAL STANDARDS:  UnitedStates-OH-DefaultCity-TBATOPICS:  BetacoefficientsKEYWORDS:  Bloom’s:Knowledge4. Astockwithabetaequalto−1.0haszerosystematic(ormarket)risk. a. True b. FalseCengageLearningTesting,PoweredbyCogneroPage 22CHAPTER3—RISKANDRETURN:P

7、ARTIIANSWER:  FalsePOINTS:  1DIFFICULTY:  Difficulty:EasyLEARNING OBJECTIVES:  INTE.GENE.16.13-LO:3-5NATIONAL STANDARDS:  UnitedStates-BUSPROG:ReflectiveThinkingSTATE STANDARDS:  UnitedStates-AK-DISC:RiskandreturnLOCAL STANDARDS:  UnitedStates-OH-DefaultCity-T

8、BATOPICS:  BetacoefficientsKEYWORDS:  Bloom’s:Knowledge5. Itispossibleforafirmtohaveapositivebeta,evenifthecorrelationbetweenitsreturnsandthoseofanotherfirmarenegative. a. True b.