Q1. Which of the following sources of market inefficiency are least likely to be used by a hedge fund to earn excess returns? Mispricing that is due to behavioral investors’: A) process versus outcome bias. B) temporary bias. C) correlating emotions with the market bias.
Q2. Which of the following sources of market inefficiency would be most easily exploited? A) A stock is overpriced because traders are restricted from short sales. B) Stocks are overvalued because investors are exuberant over increased productivity in the economy. C) A stock price drops suddenly due to a large block sale by an institution.
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发表于 2009-1-19 15:53
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