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Chpt 10 pt 2

Frage 1 von 35

1

Stand-alone = Portfolio + Diversifiable
risk risk r isk

Wähle eine der folgenden:

  • Stand-alone = Greek Yogurt + Diversifiable

  • Stand-alone = Portfolio + Diversifiable

  • Stand-alone = Paper + Diversifiable

Erklärung

Frage 2 von 35

1

Two of the most important financial analysis concepts are risk and return.

Wähle eine der folgenden:

  • rate and return

  • risk and return

Erklärung

Frage 3 von 35

1

What is financial risk, how is it measured, and why is it so important to financial decision making?

Wähle eine der folgenden:

  • important to financial decision making?

  • important to no financial decision making?

Erklärung

Frage 4 von 35

1

The risk of a portfolio (sp) decreases as more and more investments are randomly added.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 5 von 35

1

The risk of a portfolio (sp) -------- as more and more investments are randomly added.

Wähle eine der folgenden:

  • decreases

  • increases

Erklärung

Frage 6 von 35

1

The risk of a portfolio (sp) decreases as more and more investments are randomly added.
However, the incremental risk reduction from each new investment decreases as more assets are added.
Considerable risk remains regardless of the number of assets added.

However, the incremental risk reduction from each new investment --- as more assets are added.

Wähle eine der folgenden:

  • increase

  • decrease

Erklärung

Frage 7 von 35

1

Considerable risk remains regardless of the number of assets added.

Wähle eine der folgenden:

  • remain

  • doesnt remain

Erklärung

Frage 8 von 35

1

Stand-alone risk is the risk of an individual investment when it is held in ------.

Diversifiable risk is that part of the stand-alone risk that can be eliminated by diversification.

Wähle eine der folgenden:

  • isolation

  • together

Erklärung

Frage 9 von 35

1

Stand-alone risk is the risk of an individual investment when it is held in isolation.

Diversifiable risk is that part of the stand-alone risk that can be eliminated by -------

Wähle eine der folgenden:

  • diversifcation

  • quantitative data

Erklärung

Frage 10 von 35

1

Diversifiable risk is that part of the stand-alone risk that can be eliminated by diversification.
Portfolio risk is that part of the stand-alone risk that cannot be eliminated by diversification

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 11 von 35

1

what cannot be eliminated by diversification?

Wähle eine der folgenden:

  • deliverable risk

  • portfolio risk

Erklärung

Frage 12 von 35

1

It is --- rationale for an investor, whether an individual or business, to hold a single investment.

Wähle eine der folgenden:

  • not

  • super

Erklärung

Frage 13 von 35

1

It is not rationale for an investor, whether an individual or business, to hold ---------

Wähle eine der folgenden:

  • single investment

  • multiple investment

Erklärung

Frage 14 von 35

1

It is not rationale for an investor, whether an individual or business, to hold a single investment.

Because an investment held in a portfolio is less risky than when held in isolation,

stand-alone risk measures (i.e., s) are not relevant for investments held in portfolios.

Because an investment held in a -------- is less risky than when held in isolation,

Wähle eine der folgenden:

  • portfolio

  • ageneda

Erklärung

Frage 15 von 35

1

The most widely used measure of risk for investments held in portfolios is the beta coefficient, or just beta.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 16 von 35

1

The most widely used measure of risk

Wähle eine der folgenden:

  • beta

  • one

Erklärung

Frage 17 von 35

1

The most widely used measure of risk for investments held in portfolios is the beta coefficient, or just beta.
Beta measures the volatility of the investment’s returns relative to the returns on the portfolio.
Because beta is a relative measure of risk, it depends on both the investment and the portfolio.

Wähle eine der folgenden:

  • it depends on both the investment and the portfolio.

  • it depends on both the investment and the agenda

Erklärung

Frage 18 von 35

1

If beta = 1.0, investment has average risk, where average is defined as the riskiness of the portfolio.
If beta > 1.0, investment has above-average risk.
If beta < 1.0, investment has below-average risk.
Most investments have betas in the range of 0.5 to 1.5.

=========
If beta < 1.0.........

Wähle eine der folgenden:

  • investment has average risk

  • investment has above-average risk

  • investment has below-average risk

Erklärung

Frage 19 von 35

1

Most investments have betas in the range of 0.5 to 1.5.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 20 von 35

1

Most investments have betas in the range of ---- to 1.5.

Wähle eine der folgenden:

  • 0.1

  • 0.0

  • 0.5

Erklärung

Frage 21 von 35

1

The CAPM is based on a very restrictive set of assumptions.
It has not been empirically verified.
It is based on investor expectations, but the inputs used in the model typically are based on historical data.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 22 von 35

1

The CAPM is based on a very ________ set of assumptions.
It has not been empirically verified.
It is based on investor expectations, but the inputs used in the model typically are based on historical data.

Wähle eine der folgenden:

  • unrestrictive

  • restrictive

Erklärung

Frage 23 von 35

1

CAPM It is based on investor expectations, but the inputs used in the model typically are based on ---- data.

Wähle eine der folgenden:

  • bar

  • historical

Erklärung

Frage 24 von 35

1

Some Good News About the CAPM

The CAPM provides investors with a very rational way of thinking about required rates of return..
R(Re) is composed of:
The risk-free rate, which compensates investors for the time value of money.
A risk premium, which compensates investors for the amount of portfolio risk assumed.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 25 von 35

1

Some Good News About the CAPM

The CAPM provides investors with a very ------ way of thinking about required rates of return..
R(Re) is composed of:
The risk-free rate, which compensates investors for the time value of money.
A risk premium, which compensates investors for the amount of portfolio risk assumed.

Wähle eine der folgenden:

  • unrational

  • rational

Erklärung

Frage 26 von 35

1

The ---------- which compensates investors for the time value of money.
A risk premium, which compensates investors for the amount of portfolio risk assumed.

Wähle eine der folgenden:

  • not risk free rate

  • risk free rate

Erklärung

Frage 27 von 35

1

Portfolio Risk

If the investor is an individual, the investments are individual securities (stocks), the portfolio is the market portfolio, and the relevant risk of each asset is called market risk.
If the investor is a business, the investments are real assets (projects), the portfolio is the entire business, and the relevant risk of each asset is called corporate risk .

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 28 von 35

1

Portfolio Risk

If the investor is an individual, the investments are individual --------- (stocks), the portfolio is the market portfolio, and the relevant risk of each asset is called market risk.
If the investor is a business, the investments are real assets (projects), the portfolio is the entire business, and the relevant risk of each asset is called corporate risk .

Wähle eine der folgenden:

  • not securities

  • securities

Erklärung

Frage 29 von 35

1

If the investor is a business, the investments are ------- assests which are known as -------

Wähle eine der folgenden:

  • assests, project

  • not assets, not business

Erklärung

Frage 30 von 35

1

In for-profit businesses, projects have both corporate risk and market risk.
The risk of the project as seen by the business’s managers is corporate risk, which is measured by its corporate beta.
The risk of the project as seen by the business’s shareholders is market risk, which is measured by market beta.

Wähle eine der folgenden:

  • In for-profit businesses, projects have both corporate risk and market risk.

  • In for-profit businesses, projects does have both corporate risk and market risk.

Erklärung

Frage 31 von 35

1

The risk of the project as seen by the business’s managers is corporate risk, which is measured by its corporate beta.

Wähle eine der folgenden:

  • corporate

  • incorporate

Erklärung

Frage 32 von 35

1

what is measured by market beta

Wähle eine der folgenden:

  • business shareholders

  • business managers

Erklärung

Frage 33 von 35

1

The beta of portfolio is simply the weighted average of the betas of the component investments.

Wähle eine der folgenden:

  • beta of portfolio is simply the weighted average

  • beta of portfolio is not simply the weighted average

Erklärung

Frage 34 von 35

1

Risk and Required Return

Defining and measuring risk is of no value if we cannot relate risk to required rate of return.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 35 von 35

1

Risk and Required Return

Defining and measuring risk is of ------ value if we cannot relate risk to required rate of return.

Wähle eine der folgenden:

  • a

  • no

Erklärung

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