2020 Investments(University of International Business and Economics) 最新满分章节测试答案

文章目录[隐藏]

Chapter 1 Chapter 1 TEST
Chapter 2 Chapter 2 TEST
Chapter 3 Chapter 3 TEST
Chapter 4 Chapter4 TEST

本答案对应课程为:点我自动跳转查看
本课程起止时间为:2020-12-09到2020-12-31
本篇答案更新状态:已完结

Chapter 1 Chapter 1 TEST

1、问题:The beginning of the development of modern financial theory is
选项：
A:The capital asset pricing model appears
B:Option pricing formula appears
C:Markowitz’s portfolio theory appears
D:Interest theory appears
答案: 【Markowitz’s portfolio theory appears】

2、问题:Who proposed the capital asset pricing model (
选项：
A: Markowitz
B: William Sharp
C:Eugene Fama
D:Samuelson
答案: 【 William Sharp】

3、问题:Which of the following statement is correct?
选项：
A:Arbitrage pricing theory uses balanced supply and demand pricing
B: Arbitrage pricing theory uses absolute pricing
C:The pricing principles of the arbitrage pricing theory and the capital asset pricing model are the same
D:Arbitrage pricing theory uses relative pricing method.
答案: 【Arbitrage pricing theory uses relative pricing method.】

Chapter 2 Chapter 2 TEST

1、问题:About fair gambling, which option is true:
选项：
A:Risk averse people will not
participate
B:Gambling with zero entrance fee
C:Fair gambling is gambling where the entrance fee is
equal to the expected return of gambling
D:Both A and C are correct
答案: 【Both A and C are correct】

2、问题:Suppose the participants’
preference relations of consumption plans a, b and c are as follows: the
participant preferred a better than b, preferred b better than c, preferred c better
than a. which of the following preference relationship is violated( )?
选项：
A:Transitivity
B:Completeness
C:Reflexivity
D:None of above are violated
答案: 【Transitivity】

3、问题:If an investor is a strict risk-averse investor, the
utility function of the investor is
选项：
A:α>2β, β<0
B:α>2β, β>0
C:α>0, β<0
D:α<2βy, β<0
答案: 【α<2βy, β<0】

4、问题:4. Someone’s utility function is quadratic utility function as followsWhere x is personal wealth. His initial wealth is 50. In the face of such a game, the probability of losing 10 is 80%, and the probability winning 40 is 20%. If the entrance fee is zero, will this person choose to participate in this game?
选项：
A:Yes, he will
B:No, he will not
C:It does not matter whether he participate or not.
D:Unable to judge
答案: 【No, he will not】

5、问题:One’s utility function is
U(w)=-1/w. Then he is a relatively ( ) risk-averse investor.
选项：
A:Decreasing
B:Unchanged
C:Increasing
D:Unable to judge
答案: 【Unchanged】

6、问题:Please complete the following form:
选项：
A:x: 0.51; y: 0.1; z:0.42
B:x: 0.44; y: 0.2; z:0.42
C:x: 0.44; y: 0.1; z:0.46
D:x: 0.54; y: 0.3; z:0.42
答案: 【x: 0.51; y: 0.1; z:0.42】

7、问题: Assume that all the portfolios in the figure are fairly priced.What is the beta of stocks A, B, and C?
选项：
A:0,1,1.6
B:0, 2, 2.4
C:0.1, 1, 1.8
D:0, 1.5, 1.8
答案: 【0,1,1.6】

8、问题:Assume that all the portfolios in the figure are fairly priced.What is the residual variance of stocks A, B, and C?
选项：
A: 0.49，0.56，0.17
B: 0.59，0.76，0.19
C: 0.59，0.56，0.19
D: 0.39，0.56，0.17
答案: 【 0.49，0.56，0.17】

9、问题:Assume that all the portfolios in the figure are fairly priced.Consider investing 20% of the funds in stock A and 80% of
the funds in the portfolio which include stock C:a. What is the beta of the combination?b. According to CAPM, what is the equilibrium return of the
portfolio?
选项：
A:1.28，0.124
B:1.34， 0.136
C:1.28， 0.136
D:1.34， 0.124
答案: 【1.28，0.124】

10、问题:Assume that all the portfolios in the figure are fairly priced.Calculate the Sharpe ratio and Treynor ratio of stocks
B and C.
选项：
A:0.056，0.089；0.05，0.05
B:0.051，0.082；0.04，0.04
C:0.051，0.082；0.05，0.05
D:0.056，0.089；0.04，0.04
答案: 【0.056，0.089；0.05，0.05】

11、问题:What is fair gambling and how can
we judge investors’ subjective risk attitude based on fair gambling.
答案: 【fair gambling】

12、问题:Please use the utility function to explain what is risk aversion, risk preference and risk neutrality.
答案: 【risk aversion】

Chapter 3 Chapter 3 TEST

1、问题:In the effective boundary theory proposed by Markwitz,
the risk is measured by
选项：
A:Individual risks
B:Standard deviation of returns
C:System risks
D:Non-system risks
答案: 【Standard deviation of returns 】

2、问题:Regarding the diversification of the asset portfolio,
which of the following statements are correct?
选项：
A:Proper decentralized investment can reduce or
eliminate system risks
B:Only by
adding securities with a higher expected yield can the increase in portfolio
risk be compensated
C:Because
diversified investment reduces the overall risk of the asset portfolio, it will
also inevitably reduce the return on the portfolio
D:Generally speaking, when more stocks are added to the
asset portfolio, the overall risk reduction rate will become slower and slower
答案: 【Generally speaking, when more stocks are added to the
asset portfolio, the overall risk reduction rate will become slower and slower】

3、问题:The optimal asset portfolio after adding risk-free
securities
选项：
A:is the
tangent point of the indifference curve and the capital allocation line
B:is the point in the investment opportunity that has
the highest variance ratio
C:is the
tangent point of investment opportunities and capital allocation line
D:is the point on the indifference curve with the
highest return variance ratio
答案: 【is the
tangent point of the indifference curve and the capital allocation line】

4、问题:One’s
utility function is U(w)=-1/w. Then he is a relatively ( ) risk-averse
investor.
选项：
A:Decreasing
B:Unchanged
C:Increasing
D: Unable to judge
答案: 【Unchanged】

5、问题:The pioneer of modern financial investment theory is
选项：
A:Keynes
B:Markowitz
C:Morton
D:Sharp
答案: 【Markowitz】