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Security analysis and Investment - Lesson 3

Total questions: 10

Worksheet time: 10mins

Name
Class
Date
1.

Investor A invested in stock XYZ with initial amount of 100 millions VND for 5 years.

Holding period return for each year: 30%, 15%, 10%, 20%, 50%. What is the arithmetic mean return?

a)

20%

b)

25%

c)

30%

d)

None of them

2.

Investor A invested in stock XYZ with initial amount of 100 millions VND for 4 years.

Holding period return for each year: 10%, 50%, -20%. What is the geometric mean return?

a)

8,1%

b)

9,7%

c)

10,8%

d)

None of them

3.

Investor A receives 15%/year nominal return on certificates of deposit. Given that inflation rate is 3%, what will the real return of this investment?

a)

10.84%

b)

11.65%

c)

12.76%

d)

None of them

4.

1 years ago, investor A bought 100 stocks ACB at a price of 40.000 VND/stock, (Exchange rate at that time E0 = 15.000 VND/USD). The current price of ACB is 80.000 VND/stock. (Current exchange rate E1 = 20.000 VND/USD). Assuming there is no dividend during this period. What is the holding period return, IF Investment currency is USD?

a)

12,5%

b)

25%

c)

37.5%

d)

50%

5.

•Investor invests $1000 to buy stock A. There are 2 possible outcomes with future return of stock A:

Scenario 1: Probability 60%, return: 80%

Scenario 2: Probability: 40%, return: 20%

What is expected return of stock A?

a)

32%

b)

48%

c)

56%

d)

64%

6.

The 6 - month rate of return is 10%. What is the effective annual rate?

a)

15%

b)

17%

c)

19%

d)

21%

7.

The 3 - month rate of return is 3%. What is annual percentage rate of return?

a)

9%

b)

12%

c)

12.6%

d)

14.8%

8.

If you want to estimate expected return based on historical data, which return should be used?

a)

Geometric mean return

b)

Annualized rate of return

c)

Arithmetic mean return

9.

This formula is used to calculate:

  σ2=i=1npi×RiE(R)2\sigma^2=\sum_{i=1}^np_i\times\lfloor R_i-E\left(R\right)\rfloor^2  

a)

Standard deviation based on historical data

b)

Variance based on historical data

c)

Standard deviation based on expected data

d)

Variance based on expected data

10.

If inflation rate is positive number, what is the relationship between nominal return and real return?

a)

Nominal return < real return

b)

Nominal return > real return

c)

Nominal return = Real return