答案和详解如下： 6.Investors who are less risk averse will have what type of utility curves? A) Steeper. B) Flatter. C) Inverted. D) Humped. The correct answer was B) Investors who are less risk averse will have flat utility curves, meaning they are willing to take on more risk for a slightly higher return. Investors who are more risk averse require a much higher return to accept more risk, producing a steep utility curve. 7.The particular portfolio on the efficient frontier that best suits an individual investor is determined by: A) the individual's asset allocation plan. B) the current market risk-free rate as compared to the current market return rate. C) the individual's utility curve. D) the beta of the market at that particular time. The correct answer was C) The optimal portfolio for each investor is the highest indifference curve that is tangent to the efficient frontier. The optimal portfolio is the portfolio that gives the investor the greatest possible utility. 8.The optimal portfolio is determined by the point of tangency between: A) the efficient frontier and the individual's utility curve with the highest possible utility. B) the capital allocation line and the investor's utility curve. C) a line connecting the risk-free rate and the current market return on the efficient frontier. D) a line connecting the risk-free rate and the individual's utility curve with the highest possible utility. The correct answer was A) The optimal portfolio for each investor is the highest indifference curve that is tangent to the efficient frontier. The optimal portfolio is the portfolio that gives the investor the greatest possible utility. | 
发表于 2008-4-8 17:11
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