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The security market line depicts______.
A．a security's expected return as a function of its systematic risk
B．the market portfolio as the optimal portfolio of risky securities
C．the relationship between a security's return and the return on an index
D．the complete portfolio as a combination of the market portfolio and the risk-free asset
答案
更多“The security market line depicts______.A．a security's expected return as a function of its”相关的问题
第3题
A.toll
B.profit
C.insurance
D.security
第4题
A．More market share.
B．Job security
C．Increase of production
D．Higher profitability
第5题
第6题
Treasury bills are attractive to investors because they are backed by the government and therefore are virtually free of default risk. Because even if the government ran out of money, it could simply print more to pay them off when they mature. The risk of unexpected changes in inflation is also low because of the short term to maturity. The markets for Treasury bills in most developed countries are deep and liquid. A deep market is one with many different buyers and sellers. A liquid market is one in which securities can be bought and sold quickly and with low transaction costs. Investors in markets that are deep and liquid have little risk that they will not be able to sell their securities when they want to.
reasury bills are short - term and virtually free of default risk.
A．Right
B．Wrong
C．Doesn't say
第7题
Education is big business. In fact for both the UK and the US, income from foreign brain power is greater than export sales of arms and ammunition. But security fears and restrictive visa controls are shrinking America's dominance of the 2-million-strong international student market, while in Britain a third of colleges reported a drop in last year's foreign enrolments due to visa problems. Nick Mackie, BBC News, Chongqing.
According to the report, how many overseas are now' studying in Britain？
A．100,000
B．300,000
C．600,000
D．900,000
第8题
？Read the article below about the securities exchange.
？Choose the best sentence to fill in each of the gaps.
？For each gap 8-12, mark one letter(A-G)on your Answer Sheet.
？Do not use any letter more than once.
The Securities Exchange
When people buy stock, most do so through one of the securities exchanges or marketplaces for stocks and bonds. These marketplaces are commonly called "stock exchanges" and they provide a meeting place for both the buyer and seller. To understand why such securities or stock exchanges are important in the purchase and sale of stocks and bonds, consider what would happen if you, and everyone who wanted do buy (or sell) securities, had to find your own buyer (or seller). If the market is going down the only way to recover your investment is to hang on to the stock and wait for it to come back. More importantly, how would you find out who is interested in selling that stock to you (or buying it from you)？ In order to handle this marketing problem, securities exchanges sprung up. These exchanges are nothing more than locations where stocks are bought and sold. And since there is a common meeting place for there (or send their representatives). The result is a very systematic market process, where transations are handled in an orderly manner and the operations are both supervised and regulated by law. (8) Buying and Selling Securities
The general approach in buying and selling securities, regardless of the exchange where they are purchased, is basically the same, We provide a general picture of how security transactions take place; and for a fuller understanding, we will discuss some of the important terminology and functions of security trading. (9)
How would you go about buying stock in a major corporation？ It's really quite simple. First, you would decide what you want to buy—such as 100 shares of IBM. (10)
Assuming your broker works for a major stock brokerage, the order would be telephoned directly to a company clerk on the floor of the New York Stock Exchange. The clerk would hand the order to a member of the Exchange who is a partner in the brokerage. This individual would then go to the appropriate locale on the trading floor and ask for the latest quote on IBM. Let us say it is "70 to a quarter." (11)
If your broker wants, a sale can be struck at ＄ 70.25 since the order calls for a purchase at the current market price. More likely, however, your broker will bid ＄ 70.125 and hope to save you one eighth of a point or ＄ 12.50. And it is likely that another broker with an order to sell will show up and accept the bid of ＄ 70 1/8. The two brokers will then initial each other's sales orders and see that the transaction is relayed to the exchange employee known as the reporter. The reporter sees that the sale is reported and a few minutes later it will come out on the ticker tape.
Bulls and Bears
What does "a bull" mean？ It is a term that is used to refer to an invester who expects prices to rise.
(12) Of course, the market will not always rise. Sometimes stocks drop and remain low for extended periods of time. Those investors who expect stock prices to decline are known as "bears." During the Great Depression, the bears made a great deal of money. While the bulls were "buying long" the bears were "selling short."
A How would you know what a fair price for the security is？
B This means that someone is currently bidding "＄ 70 for the stock and another party is willing to sell at ＄ 70.25."
C How stocks are actually purchased
D "Bulls" buy in anticipation of the market going up.
E In this way, the buyer (or seller) is ensured that the best price is secured and they are not shortchanged or cheated in any way.
F&nbs
第9题
To avoid buying or selling a stock at a price higher or lower than
what you wanted, you need to place a limit order rather than a 【S1】______
market order. A limit order is an order if to buy or sell a security at 【S2】______
a specific price. A buy limit order can only be executed at the limit
price or lower, and a sell limit order that can only be executed at 【S3】______
the limit price or higher. When you place a market order, you can't
control the price at which your order will be filled with. 【S4】______
For example, if you want to buy the stock of a "hot" IPO that was
initially offered at $ 9, but don't want to end up paying more than 【S5】______
$ 20 for the stock, you can place a limit order to buy the stock at
any price up to $ 20. By entering with a limit order rather than a 【S6】______
market order, you will not be caught in buying the stock at $ 90 【S7】______
and then for suffering immediate losses as the stock drops later in 【S8】______
the day or the weeks ahead.
Remember so that your limit order may never be executed because 【S9】______
that the market price may quickly surpass your limit before your 【S10】______
order which can be filled. But by using a limit order you also protect 【S11】______
yourself from buying the stock at too high a price. 【S12】______
【S1】______
第10题
Preferred stocks are similar to bonds in that they have stated face values (often 100) and a specified dividend payment (similar to a bond's coupon). They differ from bonds because they do not have a scheduled maturity date and because yearly dividends may remain unpaid for a few years without forcing the issuer into bankruptcy. Common stocks have no specified yearly cash payments or maturity date. These securities have an infinite life on which cash will be earned only if the issuer has satisfactory profits. Because the cash returns on bonds are the most certain, they are viewed as the least risky investment and provide the lowest expected rate of return. Preferred stocks are viewed as more risky than bonds and less risky than common stocks. Common stocks are the most risky and provide the largest expected returns.
A secondary market is where ______.
A．the original security issuers sells their securities.
B．the original lender trade securities with other people.
C．loans are borrowed and paid with interest.
D．bond and stocks are traded by the original borrowers and leaders.
