Câu hỏi về Tài chính và Đầu tư

Câu 1: An analyst gathered the following information about an industry. The industry beta is 0.9. The industry profit margin is 8%, the total asset turnover ratio is 1.5, and the leverage multiplier is 2. The dividend payout ratio of the industry is 50%. The risk-free rate is 7% and the expected market return is 15%. The industry P/E is closest to:

Câu 2: Which of the following actions is best described as taking place in the execution step of the portfolio management process?

• A) Choosing a target asset allocation.

• B) Developing an investment policy statement.

• C) Rebalancing the portfolio.

Câu 3: Which of the following statements about securities exchanges (thị trường chứng khoán) is most accurate?

• A. Call markets are markets in which the stock is only traded at specific times.

• B. Continuous markets are markets where trades occur 24 hours per day.

• C. Setting a negotiated price (mức giá thương lượng) to clear the market is a method used to set the closing price in major continuous markets.

Câu 4: Which of the following statements is NOT consistent with the assumption that individuals are risk averse with their investment portfolios?

• A. Higher betas are associated with higher expected returns.

• B. Many individuals purchase lottery tickets.

• C. There is a positive relationship between expected returns and expected risk.

Câu 5: When a company is evaluating two mutually exclusive projects that are both profitable but have conflicting NPV and IRR project rankings, the company should:

• A) accept the project with the higher internal rate of return.

• B) use a third method of evaluation such as discounted payback period.

• C) accept the project with the higher net present value.

Câu 6: The optimal (tối ưu) portfolio in the Markowitz framework occurs when an investor achieves the diversified portfolio with the:

• A. highest return.

• B. lowest risk.

• C. highest utility (tiện ích cao nhất)

Câu 7: The effects that the acceptance of a project may have on other firm cash flows are best described as:

• A, Externalities. (tác động bên ngoài)

• B, Opportunity costs

• C. Pure plays

Câu 8: The beta of stock D is -0,5. if the expected return of stock D is 8% and the risk-free of return is 5%, what is the expected return of the market?

Câu 9: A company is considering the purchase of a copier that costs $5,000. Assume a cost of capital of 10 percent and the following cash flow schedule: Year 1: $3,000 Year 2: $2,000 Year 3: $2,000 Determine the project's payback period (BP) and discounted payback period (DBP)

Câu 10: A mutual fund (quỹ tương hỗ) that invest in short term fixed debt securities and maintain a net asset value of 1.00 is best described as a:

• A. Money market fund

• B. Balanced fund