兹维博迪金融学第二版试题库7TB(1).doc

《兹维博迪金融学第二版试题库7TB(1).doc》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。

1、ChapterSevenPrinciplesofMarketValuationThischaptercontains30multiplechoicequestions,10shortproblemsand5longerproblems.MultipleChoice1.Inregardtoanasset,the________isdefinedastheprocesswell-informedinvestorsmustpayforitinafreeandcompetitivemarket.(a)analystvalue(b)technicalvalue

2、(c)competitivevalue(d)fundamentalvalueAnswer:(d)2.Incorporatefinancedecisionmaking,anextremelyimportantruleistochoosetheinvestmentthat________currentshareholderswealth.(a)minimizes(b)maximizes(c)provideszerochangein(d)jeopardizesAnswer:(b)3.Inassetvaluation,themethodusedtoaccom

3、plishtheestimationdependsonthe________.(a)numberofparticipants(b)qualityofcalculatinginstruments(c)richnessoftheinformationsetavailable(d)geographiclocationAnswer:(c)1.The________statesthatinacompetitivemarket,iftwoassetsareequivalent,theywilltendtohavethesamemarketprice.(a)Law

4、ofRealInterestRates(b)LawofOnePrice(c)LawofPriceEquivalency(d)LawofFuturesAnswer:(b)2.TheLawofOnePriceisenforcedbyaprocesscalled________,thepurchaseandimmediatesaleofequivalentassetsinordertoearnasureprofitfromadifferenceintheirprices.(a)swapping(b)maximization(c)arbitrage(d)sp

5、eculationAnswer:(c)3.________referstothetotalityofcostssuchasshipping,handling,insuring,andbrokerfees.(a)Shippingcosts(b)Transactioncosts(c)Installationcosts(d)InsurancecostsAnswer:(b)4.TheLawofOnepriceisastatementaboutthepriceofoneasset________thepriceofanother.(a)absoluteto(b

6、)relativeto(c)multipliedby(d)independentofAnswer:(b)1.Ifanentityborrowsatalowerrateandlendsatahigherrate,thisisanexampleof________.(a)opportunityarbitrage(b)interest-ratearbitrage(c)exchangearbitrage(d)nominalarbitrageAnswer:(b)2.Ifarbitrageensuresthatanythreecurrenciesarefreel

7、yconvertibleincompetitivemarkets,then:(a)itisenoughtoknowonlyoneexchangeratetodeterminethethird(b)wecanestimatetwoexchangeratesbasedononeexchangerateonly(c)itisenoughtoknowtheexchangeratesbetweenanytwoinordertodeterminethethird(d)itisnecessarytoknowallthreeratesAnswer:(c)3.Supp

8、oseyouhave$15,000inabankaccountearninganinterestrateof