The efficient market hypothesis implies that fundamental analysis:
A. can achieve superior returns by extrapolating historical data.
B. will be successful if transaction costs are minimized by focusing on a limited number of large-capitalization stocks.
C. requires the analyst to predict movements in relevant variables that affect rates of return.
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依次填入下列各句横线处的词语,最恰当的一组是______。 ①专家预测,随着我国私人汽车购置力的迅速增强,未来几年内完全有可能______蕴藏巨大市场和商机的“汽车经济”。 ②一位年轻的诗人这样说:没有绿树,平原就会躺倒在地,倒退到那个死寂的______年代。 ③如果生命中只有鲜花和奖杯而没有挫折和痛苦,那么这种人生______显得太单薄了!
A. 催生 荒凉 未免
B. 萌生 蛮荒 不免
C. 萌生 荒凉 不免
D. 催生 蛮荒 未免
Which of the following sets of indexes are price-weighted
A. Dow Jones World Stock Index and Russell Index.
B. Morgan Stanley Capital International Index and S&P 500 Index.
C. Dow Jones Industrial Average and Nikkei Dow Jones Stock Market Average.
Uniter Enterprises wants to repurchase some outstanding shares. Which of the following methods gives them the maximum flexibility and most likely helps to support the price of the shares
A. Buying shares back in the open market.
Buying back a fixed number of shares at a fixed price.
C. Announcing a tender offer for the desired number of shares.
Tamber Benz, CFA, recently joined Bay Area Investment Group as a personal financial planner. Today, she has a meeting with a client interested in equity index funds, with a particular interest in learning about the source and direction of biases. In preparation for this meeting, she makes some quick notes (relying on her memory). These notes are listed below. She then finds her well-worn CFA study notes and checks her memory. After reviewing her notes, which of the following choices does she determine is least accurate
An index such as the Valueline Composite Average is constructed by purchasing an equal number of shares of each stock in the index, and will have a downward bias when geometric averaging is used to compute the return.
B. One problem with an index such as the S&P 500 is that firms with greater market capitalization have more impact than other firms.
C. A market value-weighted index, such as the New York Stock Exchange Index, accurately reflects the impact of price changes on wealth.