Compared to its market-value-weighted counterpart, a fundamentally weighted index will least likely have a:
A. Value tilt.
B. Contrarian “effect.”
C. Momentum “effect.”
查看答案
Over a four-year period, a portfolio has returns of 10%, –2%, 18%, and –12%. The geometric mean return across the period is closest to:
A. 2.9%
B. 3.5%
C. 8.1%
Which of the following is least likely to be a general feature underlying the preparation of financial statements within the IFRS Conceptual Framework?
A. Matching
B. Materiality
C. Accrual basis
A financial contract offers to pay €1,200 per month for five years with the first payment made today. Assuming an annual discount rate of 6.5%, compounded monthly, the present value of the contract is
A. €61,330
B. €61,663
C. €63,731
If the stated annual interest rate is 20% and the frequency of compounding is monthly, the effective annual rate (EAR) is closest to:
A. 20%.
B. 21%
C. 22%