|
LOS a: Distinguish among the following return concepts: holding period return, realized return and expected return, required return, discount rate, the return from convergence of price to intrinsic value (given that price does not equal value), and internal rate of return.
Q1. In an efficient market, a mutual fund’s required return is the same as the:
A) internal rate of return.
B) holding period return.
C) net asset value return.
Q2. To determine the present value of an investment based on a future estimate of the investment’s value, an analyst should use the:
A) discount rate.
B) required return.
C) internal rate of return. The discount rate is the rate used to find the present value of an investment. | 
发表于 2009-3-5 09:56
| 
