兹维博迪金融学第二版试题库7tb(1)

《兹维博迪金融学第二版试题库7tb(1)》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。

1、ChapterSevenPrinciplesofMarketValuationThischaptercontains30multiplechoicequestions,10shortproblemsand5longerproblems.MultipleChoice1.Inregardtoanasset,the________isdefinedastheprocesswell-informedinvestorsmustpayforitinafreeandcompetitivemarket.(a)analystvalue(b)technicalvalue(c)competit

2、ivevalue(d)fundamentalvalueAnswer:(d)2.Incorporatefinancedecisionmaking,anextremelyimportantruleistochoosetheinvestmentthat________currentshareholderswealth.(a)minimizes(b)maximizes(c)provideszerochangein(d)jeopardizesAnswer:(b)3.Inassetvaluation,themethodusedtoaccomplishtheestimationdepe

3、ndsonthe________.(a)numberofparticipants(b)qualityofcalculatinginstruments(c)richnessoftheinformationsetavailable(d)geographiclocationAnswer:(c)7-141.The________statesthatinacompetitivemarket,iftwoassetsareequivalent,theywilltendtohavethesamemarketprice.(a)LawofRealInterestRates(b)LawofOn

4、ePrice(c)LawofPriceEquivalency(d)LawofFuturesAnswer:(b)2.TheLawofOnePriceisenforcedbyaprocesscalled________,thepurchaseandimmediatesaleofequivalentassetsinordertoearnasureprofitfromadifferenceintheirprices.(a)swapping(b)maximization(c)arbitrage(d)speculationAnswer:(c)3.________referstothe

5、totalityofcostssuchasshipping,handling,insuring,andbrokerfees.(a)Shippingcosts(b)Transactioncosts(c)Installationcosts(d)InsurancecostsAnswer:(b)4.TheLawofOnepriceisastatementaboutthepriceofoneasset________thepriceofanother.(a)absoluteto(b)relativeto(c)multipliedby(d)independentofAnswer:(b

6、)7-141.Ifanentityborrowsatalowerrateandlendsatahigherrate,thisisanexampleof________.(a)opportunityarbitrage(b)interest-ratearbitrage(c)exchangearbitrage(d)nominalarbitrageAnswer:(b)2.Ifarbitrageensuresthatanythreecurrenciesarefreelyconvertibleincompetitivemarkets,then:(a)itisenoughtoknowo

7、nlyoneexchangeratetodeterminethethird(b)wecanestimatetwoexchangeratesbasedononeexchangerateonly(c)itisenoughtoknowtheexchangeratesbetweenanytwoinordertodeterminethethird(d)itisnecessarytoknowallthreeratesAnswer:(c)3.Supposeyouhave$15,000inabankaccountearninganintere