Q7. Bison Services announced their third quarter earnings last week. The earnings were 6% greater than expected. Jill Hoover and Charles Kershaw are both following the stock. Hoover is an overconfident investor. Kershaw is a stock analyst who uses anchoring to form his expectations of earnings. Which of the following is the most likely scenario in the future? A) Hoover will be disappointed by the subsequent movements in Bison stock and Kershaw will be pleased by the subsequent movements in Bison stock. B) Both Hoover and Kershaw will be pleased by the subsequent movements in Bison stock. C) Hoover will be pleased by the subsequent movements in Bison stock and Kershaw will be disappointed by the subsequent movements in Bison stock.
Q8. Bobby Steele, a software engineer at a local firm, has been investing for the past two years and has been very successful. He shuns professional investment advice and in fact provides advice to his neighbors and friends. He states that his investment philosophy consistently outperforms the experts. Which of the following best describes the implications of Steele’s investment style? A) Steele is likely to have low turnover in his portfolio and is likely to make unjustified bets. B) Steele is likely to have high turnover in his portfolio and is likely to make unjustified bets. C) Steele is likely to have low turnover in his portfolio and is likely to base stock valuation on fundamental analysis.
Q9. Buffalo Manufacturing has just announced earnings that are 3% higher than analysts’ forecasts. Panda Technologies has just announced earnings that are 4% less than analysts’ forecasts. According to the representative heuristic description of investor behavior, what is the most likely future performance of each stock? A) Buffalo Manufacturing stock will underperform in the future while Panda Technologies stock will outperform in the future. B) Both Buffalo Manufacturing stock and Panda Technologies stock will outperform in the future. C) Buffalo Manufacturing stock will outperform in the future while Panda Technologies stock will underperform in the future.
| 
发表于 2009-1-19 15:06
| 
