答案和详解如下： Q1. Which of the following is NOT an assumption of capital market theory? A) The capital markets are in equilibrium. B) Interest rates never change from period to period. C) Investors can lend at the risk-free rate, but borrow at a higher rate. Correct answer is C) Capital market theory assumes that investors can borrow or lend at the risk-free rate. The other statements are basic assumptions of capital market theory. Q2. Which of the following is an assumption of capital market theory? All investors: A) select portfolios that lie above the efficient frontier to optimize the risk-return relationship. B) see the same risk/return distribution for a given stock. C) have multiple-period time horizons. Correct answer is B) All investors select portfolios that lie along the efficient frontier, based on their utility functions. All investors have the same one-period time horizon, and have the same risk/return expectations. Which is NOT an assumption of capital market theory? A) There are no taxes or transaction costs. B) Investments are not divisible. C) There is no inflation. Correct answer is B) Capital market theory assumes that all investments are infinitely divisible. The other statements are basic assumptions of capital market theory. | 
发表于 2009-1-22 10:55
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