题目内容

Which of the following statements describes the overall conclusions regarding the weak-form of the efficient market hypothesis (EMH)

All evidence indicates that simple trading rules generate positive abnormal returns.
B. Stock exchange specialists using monopolistic information contained in the limit order book derive above average returns.
C. Most evidence indicates that after incorporating trading costs, simple trading rules do not generate positive abnormal profits.

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Assume you purchased 1500 shares of a stock on margin at $34 per share. The initial margin rate is 40%, and the minimum maintenance margin is 25%. Assume no dividends, commissions, or margin interest. Below what stock price would you receive a margin call

A. $18.13.
B. $27.20.
C. $30.31.

Randy Smith called his broker, Pare Durbin, and asked her to borrow 100 shares of Zylex Corp. stock. Randy then sold the stock at the current market price of $45 while anticipating that Durbin would be able to buy the stock back for him at a lower price in the future. What type of order did Smith place

A. Short sale.
B. Market order.
C. Margin order.

Which of the following statements about the maintenance margin requirement is FALSE

A. The purpose of the maintenance margin requirement is to protect the broker in the event of a large stock decline.
B. The Federal Reserve sets the maximum maintenance margin.
C. Generally the maintenance margin requirement is lower than the initial margin requirement.

More recent tests of the predictive content in Value Line rankings.

A. provide additional support for the semi-strong form of the EMH.
B. provide less support for the semi-strong form of the EMH.
C. provide additional support for the weak form of the EMH.

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