investments 10E 10th edition bodie Test Bank 题库 TBChap024

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1、Chapter24PortfolioPerformanceEvaluation MultipleChoiceQuestions 1.HedgefundsI)areappropriateasasoleinvestmentvehicleforaninvestor.II)shouldonlybeaddedtoanalreadywell-diversifiedportfolio.III)poseperformanceevaluationissuesduetononlinearfactorexposures.IV)

2、havedown-marketbetasthataretypicallylargerthanup-marketbetas.V)havesymmetricalbetas.  A. IonlyB. IIandVC. I,III,andIVD. II,III,andIVE. I,III,andV 24-143Copyright©2014McGraw-HillEducation.Allrightsreserved.Noreproductionordistributionwithoutthepriorwritten

3、consentofMcGraw-HillEducation.2.Mutualfundsshow____________evidenceofserialcorrelationandhedgefundsshow____________evidenceofserialcorrelation.  A. almostno;almostnoB. almostno;substantialC. substantial;substantialD. substantial;almostnoE. modest;modest 3

4、.Thecomparisonuniverseis  A. aconceptfoundonlyinastronomy.B. thesetofallmutualfundsintheworld.C. thesetofallmutualfundsintheU.S.D. asetofmutualfundswithsimilarriskcharacteristicstoyourmutualfund.E. Noneoftheoptions 24-143Copyright©2014McGraw-HillEducation

5、.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.4.Thecomparisonuniverseisnot  A. aconceptfoundonlyinastronomy.B. thesetofallmutualfundsintheworld.C. thesetofallmutualfundsintheU.S.D. asetofmutualfundswith

6、similarriskcharacteristicstoyourmutualfund.E. aconceptfoundonlyinastronomy,thesetofallmutualfundsintheworld,orthesetofallmutualfundsintheU.S. 5.__________didnotdevelopapopularmethodforrisk-adjustedperformanceevaluationofmutualfunds.  A. EugeneFamaB. Micha

7、elJensenC. WilliamSharpeD. JackTreynorE. EugeneFamaandMichaelJensen 24-143Copyright©2014McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.6.__________developedapopularmethodforrisk-adjus

8、tedperformanceevaluationofmutualfunds.  A. EugeneFamaB. MichaelJensenC. WilliamSharpeD. JackTreynorE. MichaelJensen,WilliamSharpe,andJackTreynor 7.Henriksson(1984)foundthat,onaverage,betasoffunds__________duringmark