Question 26 Banca Hakala purchases two front row concert tickets over the Internet for $90 per seat. One month later, the rock group announces that it is dissolving due to personality conflicts and the concert that Hakala has tickets for will be the “farewell” concert. Hakala sees a chance to raise some quick cash, so she puts the tickets up for sale on the same internet site. The auction closes at $250 per ticket. After paying a 10% commission to the site on the amount of the sale and paying $10 in shipping costs, Hakala’s one-month holding period return is approximately:
A) 139%. B) 178%. C) 44%. D) 144%. Question 27 Which of the following situations is most likely to indicate an economically meaningful result? Statistical evidence of:
A) small stocks providing beta-risk-adjusted returns that exceed large-cap stock returns over the past 15 years. B) a trading strategy that yields excess bond returns of 5 basis points based on research using bid prices. C) a technical trading strategy yielding an excess return of 5% for taxable investors. D) returns that exceed the risk-free rate by 400 basis points for a given commodity trading advisor. Question 28 An analyst calculates that the mean of a sample of 200 observations is 5. The analyst wants to determine whether the calculated mean, which has a standard error of the sample statistic of 1, is significantly different from 7 at the 5% level of significance. Which of the following statements is least accurate?:
A) The mean observation is significantly different from 7, because the calculated Z-statistic is less than the critical Z-statistic. B) The null hypothesis would be: H0: mean = 7. C) The calculated Z-statistic is: ( 5 - 7 ) / 1 = -2. D) The alternative hypothesis would be Ha: mean > 7. Question 29 The odds for an event occurring are calculated by dividing:
A) one by the probability that the event occurs. B) one by the probability that the event does not occur. C) the probability that the event does not occur by the probability that an event occurs. D) the probability that the event occurs by the probability that the event does not occur. Question 30 Which of the following is least likely an underlying assumption of technical analysis?
A) Security prices and market levels move in trends that persist for long time periods. B) Value and prices are determined solely by supply and demand. C) Shifts in supply and demand can be detected in the behavior of security prices. D) Markets are weak-form efficient.
[此贴子已经被作者于2008-11-8 14:14:12编辑过] | 
发表于 2008-5-26 11:50
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