标题: Reading 74: Alternative Investments-LOS o 习题精选 [打印本页]
作者: 1215 时间: 2011-4-2 12:01 标题: [2011]Session18-Reading 74: Alternative Investments-LOS o 习题精选
Session 18: Alternative Investments
Reading 74: Alternative Investments
LOS o: Discuss distressed securities investing, and compare venture capital investing with distressed securities investing.
Investing in distressed securities and venture capital investing are similar in all of the following ways EXCEPT:
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B) |
a large investment requirement. | |
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C) |
heavy involvement by investors. | |
Only venture capital requires a large investment. Both remaining choices are true of both investing in distressed securities and investing in venture capital.
作者: 1215 时间: 2011-4-2 12:01
A typical distressed security investment strategy would involve purchasing:
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A) |
the debt of a distressed company, allowing the company to utilize the infusion of capital to avoid bankruptcy. | |
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B) |
a controlling equity position in a company experiencing financial difficulties and replacing management with a team of turnaround specialists. | |
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C) |
the debt of a struggling company, with the goal of ending up with an equity position in the reorganized company. | |
A typical strategy is to invest in the debt of a company, continue to hold the position throughout the bankruptcy negotiations, and ultimately end up with equity in the new, revitalized operation.
作者: 1215 时间: 2011-4-2 12:01
Investing in distressed securities is most similar to investing in which of the following asset classes?
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A) |
Exchange-traded funds. | |
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Investing in distressed securities is similar to venture capital investing because both strategies seek an equity position in a company that is eventually successful. Both are illiquid investments with long time horizons.
作者: 1215 时间: 2011-4-2 12:01
The securities of companies that are either close to bankruptcy or have already filed for bankruptcy protection are called:
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A) |
inactively traded securities. | |
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C) |
distressed securities. | |
Inactively traded securities are infrequently traded, but the name “inactively traded” does not imply anything about the financial condition of the company. “Discount” is a description that may be applied to any of number of investment vehicles available. Distressed securities are the securities of companies in the midst of financial difficulties.
作者: luqian55 时间: 2011-9-30 16:19
thanks a lot
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