The evidence suggests that the correlation of returns between U.S. government bonds and an index of international government bonds is:
A. between 0.0 and -0.5, and that between indices of U. S. investment grade bonds is between 0.0 and 0.5.
B. between 0.0 and 0.5, and that between indices of U. S. investment grade bonds is close to 1.0.
C. between 0.0 and 0.5, and that between indices of U. S. investment grade bonds is between 0.25 and 0.75.
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Which of the following conclusions about the semi-strong form of the efficient market hypothesis (EMH) and the strong-form EMH is FALSE
A. If the strong form of market efficiency were true, there would be no need for insider trading laws.
B. Neglected firms (i. e. those firms with a small number of analysts following them) tend to underperform the market.
C. Professional money managers, as a group, have not been able to produce returns that consistently exceed the market.
Which of the following does NOT imply an informationally efficient market
A. Many profit-maximizing participants, each acting independently of the others, analyze and value securities.
B. The timing of one news announcement is independent of other news announcements.
C. A risk-free asset exists, and investors can borrow and lend an unlimited amount at the risk-free rate.
Byron Campbell purchased 300 shares of Crescent, Inc. , stock at a price of $80 per share. The purchase was made on margin with an initial margin requirement of 50 percent. Assuming the maintenance margin is 25 percent, the stock price of Crescent, Inc. has to fall below what level for Campbell to receive a margin call
A. $40.00.
B. $30.00.
C. $53.33.
Fundamental analysis studies indicate that:
A. the bottom up approach to analysis will not yield superior results if the analysis only looks at past and current information.
B. the top down approach to analysis will not yield superior results if the analysis only looks at past and current information.
C. the top down approach to analysis will not yield superior results if the analysis looks at past, current and future information.
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