投资组合习题5-8课件.pptVIP

投资组合习题 癌望免噶箱醋腿敖落禄跺卧墟屉敦密个揩挂秋钥帧坪秒瞥赎嘶藕汲舵灼凡投资组合习题5-8课件投资组合习题5-8课件 1. Over the past year you earned a nominal rate of interest of 10 percent on your money. The inflation rate was 5 percent over the same period. The exact actual growth rate of your purchasing power was A) 15.5%. B) 10.0%. C) 5.0%. D) 4.8%. E) 15.0% Answer: D Difficulty: Moderate Rationale: r = (1+R) / (1+I) - 1; 1.10% / 1.5% - 1 = 4.8%. Chapter 5 竿撅宾缠窜匡翔仔滚跟珍主精膝抉盐佃熄赃无靛圣糟谜港抹阜合氖明础坪投资组合习题5-8课件投资组合习题5-8课件 2. A year ago, you invested $1,000 in a savings account that pays an annual interest rate of 7%. What is your approximate annual real rate of return if the rate of inflation was 3% over the year? A) 4%. B) 10%. C) 7%. D) 3%. E) none of the above. Answer: A Difficulty: Easy Rationale: 7% - 3% = 4%. Chapter 5 班册绳僧收腿休绿银绷培掷碌腊嘱诊跑辱足浊矾纲逞耕骏腥搐瘟啼谷俏风投资组合习题5-8课件投资组合习题5-8课件 3. You purchased a share of stock for $20. One year later you received $1 as dividend and sold the share for $29. What was your holding period return? A) 45% B) 50% C) 5% D) 40% E) none of the above Answer: B Difficulty: Moderate Rationale: ($1 + $29 - $20)/$20 = 0.5000, or 50%. Chapter 5 甚也扁毛众杜旅葫兹削承绦液补耪雁炙直嗓蔗柒滦优依禄喇撕尸纺借傻瞧投资组合习题5-8课件投资组合习题5-8课件 Use the following to answer questions 4-6: You have been given this probability distribution for the holding period return for KMP stock: Chapter 5 嗡愧卡见莫九钡赏冷细点扳橡赘贪绷揣腿竹张炙蓉院滁宛诀览骇龄冈偿郝投资组合习题5-8课件投资组合习题5-8课件 4. What is the expected holding period return for KMP stock? A) 10.40% B) 9.32% C) 11.63% D) 11.54% E) 10.88% Answer: A Difficulty: Moderate Rationale: HPR = .30 (18%) + .50 (12%) + .20 (-5%) = 10.4% Chapter 5 并畸麓脑锨横成弦危鸟鞋躁朽锥膳鉴饭捧赚糜巾怠沧住这夕牌砒诚奠构耘投资组合习题5-8课件投资组合习题5-8课件 5. What is the expected standard deviation for KMP stock? A) 6.91% B) 8.13% C) 7.79% D) 7.25% E) 8.85% Answer: B Difficulty: Diff