更多“A person’s wealth portfolio doesn’t include his or her liabilities.”相关的问题
第1题
There is no single strategy that is best for all people.
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第2题
A 10-year, dollar-denominated, zero coupon bond that offers a default-free yield-to-maturity of 6% per year is riskless only in terms of dollars and only if held to maturity.
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第3题
An efficient portfolio offers the investor the highest possible expected rate of return at a specified level of risk.
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第4题
The composition of the optimal combination of risky assets depends on investor’s preferences.
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第5题
The power of diversification to reduce the riskiness of an investor’s portfolio depends on the correlations among the assets that make up the portfolio.
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第6题
We can use CAPM to determine the appropriate risk-adjusted discount rate in valuation models of the firm.
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第7题
The CAPM means in equilibrium, everyone’s relative holdings of risky assets are the same as in the market portfolio.
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第8题
When arbitrage is absent from financial markets, and investors are each concerned with only the risk and return to their portfolios, then each investor can eliminate all the riskiness of his investments through diversification, and as a consequence the expected yield on each available asset will depend only on the covariance of its yield with the covariance of the yield on the diversified portfolio of risky assets each investor holds.
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第9题
The fact that over 85% of active fund managers have performed better than the S&P 500 over the last 20 years is the evidence supporting the validity of CAPM.
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第10题
Hedger always use future contract to reduce risk while speculator are not trying to reduce their risk exposure.
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