题目内容

On the minimum-variance frontier, which of the following portfolios has the lowest standard deviation:

A. Theoptimalriskyportfolio.
B. Theglobalminimum-varianceportfolio
C. Unattainableportfolios.

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Assuming past investments are stable and earnings are calculated to allow for maintenance of past earnings power, the firms expected dividend growth rate can be estimated by its:

A. Pricetoearningsratio(P/E).
B. Defaultriskpremium.
C. Sustainablegrowthrate.

Which of the following transaction is the most appropriate strategy for a fixed income portfolio manager under the anticipation of an economic expansion?

A. Enterapay-fixed,receive-floatingrateswap.
B. Sellcorporatebondsandbuytreasurybonds.
C. Buycorporatebondsandselltreasurybonds.

An analyst gathered the following data for three profitable companies operating in the same industry:Company Deferred Tax Assets Deferred Tax Liabilities1 $300,000 $400,0002 $85,000 $50

A. Company 1
B. Company 2
Company 3

Which real estate valuation approach is most likely to require specific information about an investor to estimate the value of a property?

A. Incomeapproach
B. Salescomparisonapproach
C. Discountedafter-taxcashflowapproach

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