Q1. When calculating the risk premium for an equity market, which of the following is most accurate? The use of a moving average of historical returns during bear markets will result in: A) low risk premiums, which is opposite to most investors’ expectations. B) high risk premiums, in accordance with most investors’ expectations. C) high risk premiums, which is opposite to most investors’ expectations.
Q2. Which of the following would NOT result in higher dividend growth rates? A) Higher retention ratios. B) Lower asset use compared to sales. C) Lower financial leverage.
Q3. When calculating the risk premium for an equity market using historical returns, which of the following is most accurate? A) Geometric mean returns should be used because they are more applicable to multi-period time horizons. B) Geometric mean returns should be used because they are more applicable to single time horizons. C) Arithmetic mean returns should be used because they are more applicable to single time horizons.
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发表于 2009-1-7 10:16
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