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标题: Reading 56: Security Market Indices-LOS b 习题精选 [打印本页]
作者: 1215    时间: 2011-3-29 16:20     标题: [2011]Session 13-Reading 56: Security Market Indices-LOS b 习题精选

Session 13: Market Organization, Market Indices, and Market Efficiency
Reading 56: Security Market Indices

LOS b: Calculate and interpret the value, price return, and total return of an index.

 

 

In one year, a security market index has the following quarterly price returns:

First quarter 3%
Second quarter 4%
Third quarter -2%
Fourth quarter 5%

The price return for the year is closest to:

A)
 10.2%.
B)
 9.9%.
C)
 10.0%

 

Return for the year = (1.03)(1.04)(0.98)(1.05) ? 1 = 10.23%.

作者: 1215    时间: 2011-3-29 16:20

The measure of return on a security market index that includes any dividends or interest paid by the securities in the index is known as the:

A)
 price return.
B)
 cash flow return.
C)
 total return.

The total return on a security market index includes cash flows from the securities (dividends and interest) as well as price changes.





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