The initial margin is the:
A. minimum amount of funds that must be supplied when purchasing a security on margin.
B. amount of liquidity that must be maintained in a margin account.
C. amount of cash that an investor must maintain in his/her margin account.
查看答案
Which of the following regarding bond market indexes is FALSE
A. There are more bond issues than stocks.
B. The price volatility of bonds is constantly changing due to the influence of maturity and market yield on bond durations.
C. The bond universe is more stable than the stock universe.
Which of the following tests are NOT used to examine the weak form of the efficient market hypothesis Those that examine:
A. whether security returns are independent over time.
B. a security’s return relative to the market return.
C. whether excess returns can be obtained from using mechanical trading rules.
Which of the following statements about efficient markets and indexes is FALSE
An unweighted index assumes that investors make and maintain an equal dollar investment in each stock in the index.
B. External efficiency means prices adjust rapidly to new information.
C. Efficient markets tests have found that stocks with high price-to-earnings ratios (P/E) tend to outperform stocks with low P/E ratios.
A composite series of stocks and bonds makes it possible to:
A. examine the benefits of diversifying with a combination of asset classes such as stocks and bonds in addition to diversifying with the asset classes of stocks or bonds.
B. examine the correlation among the various asset classes of stocks or bonds.
C. examine the benefits of diversifying with a combination of asset classes such as stocks and bonds.