题目内容

Which of the following statements about the semistrong-form efficient market hypothesis (EMH) and the strong-form EMH is FALSE（）

A. Small firms tend to underperform large firms on a risk-adjusted basis.
B. Tests have found that stocks with low price to earning (P/E) ratios tend to outperform stocks with high P/E ratios.
C. The strong form of the market efficiency hypothesis states that security prices fully reflect all public and private information.

查看答案

搜索结果不匹配？点我反馈

更多问题

All of the following violate Standard Ⅰ(C), Misrepresentation, EXCEPT:（）

A. copying a proprietary computerized spreadsheet without seeking authorization from their creators.
B. presenting factual information published by recognized statistical reporting services without acknowledgment.
C. using excerpts from reports prepared by others with minor word changes without acknowledgment.

查看答案

Which of the following statements about the various tests of the efficient market hypothesis (EMH) is INCORRECT（）

A. Tests of the semi-strong form EMH give mixed results. Time-series tests such as dividend yield and default spread reject the semi-strong form EMH while event studies of stock splits and announcements of accounting changes support it.
B. The superior historical performance of exchange specialists and corporate insiders rejects the semi-strong form of the EMH.
C. The historical performance of professional money managers supports the semi-strong form of the EMH.

查看答案

A company had the following changes in its stock: The company had 2 million shares outstanding on December 31,2006. On March 31,2007, the company paid a 10% stock dividend. On June 30,2007, the company sold $10 million face value of 7% convertible debentures, convertible into common at $ 5 per share. On September 30,2007, the company issued and sold 100000 shares of common stock. The company should compute its 2007 basic earnings per share based on.（）

A. 2225000 shares.
B. 2250000 shares.
C. 3225000 shares.

查看答案

An analyst compared the performance of a hedge fund index with the performance of a major stock index over the past eight years. She noted that the hedge fund index (created from a database) had a higher average return, higher standard deviation, and higher Sharpe ratio than the stock index. All the successful funds that have been in the hedge fund database continued to accept new money over the eight-year period. Are the average return and the standard deviation, respectively, for the hedge fund index most likely overstated or understated Average return for the Standard deviation for the hedge fund indes hedge fund index（）

A. Understated Overstated
B. Overstated Understated
C. Overstated Overstated

查看答案