答案和详解如下: Q1. Correct answer is C) Minter's current indexing strategy suggests he is, at present, a beta grazer. His assumption that stocks with solid growth histories would continue to grow is an example of a representative bias. Nothing in Minter's discussion with Klemm suggests the doctor is loss averse. Q2. Correct answer is C) Klemm sees the market as undervalued, and when confronted with negative economic news, she maintained faith that there were still many good values available. Basically, she is saying that the market has not yet recognized the pricing inequities. Thus, the "it didn't happen yet" defense. Q3. Correct answer is C) The material presented above does not give us enough information to assess whether a 60% equity exposure is too high for Minter. We know nothing about his age or financial condition. The other statements make sense in context. Q4. Correct answer is A) Klemm's continued contention that the market is undervalued in the face of poor economic news suggests she is anchored to her old forecast and probably overconfident about her conclusions. Sticking with an earlier forecast in the face of bad news may also qualify as risk-seeking behavior. But selective recall has nothing to do with this issue. Q5.Correct answer is C) Minter's strategy of setting aside funds for his friend's business in fixed-income securities, then investing the rest for retirement, is a classic example of pyramiding. While Minter was probably overconfident in the past, his current strategy suggests the opposite is true now. No bad forecast was involved. |