投資學(xué)期末試題庫答案解析及分析一

1、專業(yè)資料精心整理TUTIALTUTIAL–SESSIONSESSION0101CHAPTERCHAPTER01011.Discusstheagencyproblem.2.Discussthesimilaritiesdifferencesbetweenrealfinancialassets.3.Discussthefollowingongoingtrendsastheyrelatetothefieldofinvestments:globa

2、lizationfinancialengineeringsecuritizationcomputerwks.CHAPTERCHAPTER0202Usethefollowingtoanswerquestions1to3:Considerthefollowingthreestocks:1.ThepriceweightedindexconstructedwiththethreestocksisA)30B)40C)50D)60E)70Answe

3、r:BDifficulty:EasyRationale:($40$70$10)3=$40.2.Thevalueweightedindexconstructedwiththethreestocksusingadivisof100isA)1.2B)1200C)490D)4900E)49Answer:CDifficulty:Moderate專業(yè)資料精心整理D)28%E)Cannottellfromtheinfmationgiven.0612=

4、.085(1t)(1t)=0.72t=.287.Supposeaninvestisconsideringacpatebondwitha7.17%befetaxyieldamunicipalbondwitha5.93%befetaxyield.AtwhatmarginaltaxratewouldtheinvestbeindifferentbetweeninvestinginthecpateinvestinginthemuniA)15.4%

5、B)23.7%C)39.5%D)17.3%E)12.4%tm=1(5.93%7.17%)=17.29%Usethefollowingtoanswerquestions8to9:8.Basedontheinfmationgivenfapriceweightedindexofthethreestockscalculate:A)therateofreturnfthefirstperiod(t=0tot=1).B)thevalueofthedi

6、visinthesecondperiod(t=2).AssumethatStockAhada21splitduringthisperiod.C)therateofreturnfthesecondperiod(t=1tot=2).A.Thepriceweightedindexattime0is(7085105)3=86.67.Thepriceweightedindexattime1is(728198)3=83.67.Thereturnon

7、theindexis83.6786.671=3.46%.B.Thedivismustchangetoreflectthestocksplit.Becausenothingelsefundamentallychangedthevalueoftheindexshouldremain83.67.Sothenewdivisis(368198)83.67=2.57.Theindexvalueis(368198)2.57=83.67.C.Thera

8、teofreturnfthesecondperiodis83.6783.671=0.00%9.Basedontheinfmationgivenfthethreestockscalculatethefirstperiodratesofreturn(fromt=0tot=1)onA)amarketvalueweightedindex.B)anequallyweightedindex.C)ageometricindex.A.Thetotalm