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Chapter 6: Risk & Return

Total questions: 11

Worksheet time: 6mins

Name
Class
Date
1.

Which one of the following is an example of unsystematic risk?

a)

Decrease in the national level of inflation

b)

Adoption of a national sales tax

c)

An increased feeling of global prosperity

d)

Hannan Medispa plan to be listed in Bursa Malaysia

2.

The principle of diversification tells us that:

a)

concentrating an investment in two or three large stocks will eliminate all of the unsystematic risk.

b)

concentrating an investment in three companies all within the same industry will greatly reduce the systematic risk.

c)

spreading an investment across many diverse assets will eliminate some of the total risk.

d)

spreading an investment across five diverse companies will not lower the total risk.

3.

Total risk is measured by _____ and systematic risk is measured by _____.

a)

beta; standard deviation

b)

alpha; beta

c)

standard deviation; beta

d)

standard deviation; variance

4.

Suzie owns five different bonds and twelve different stocks. Which one of the following terms most applies to her investments?

a)

Index

b)

Portfolio

c)

Collection

d)

Risk-free

5.

Risk can be defined as uncertainty concerning the actual return that an investment will generate.

a)

True

b)

False

6.

Which of the following is an example of systematic risk?

a)

Hilton Hotel declares lower than expected earnings.

b)

Petronas announces high

record earnings.

c)

The government raises interest rates unexpectedly.

d)

Coca-Cola announces higher than expected earnings

7.

By diversifying, investors can eliminate ____.

a)

Systematic risk

b)

Unsystematic risk

c)

Beta risk

d)

Total risk

8.

Typically as the potential reward increases, so does the potential risk.

a)

True

b)

False

9.

___ reduces risk by spreading investment money among a wide array of investment tools.

a)

Risk tolerance

b)

Risk profile

c)

Portfolio Diversification

d)

Buying an individual stock

10.

Which of the following investment has higher risk and provide a higher return?

a)

Savings account

b)

Bond market

c)

Mutual fund

d)

Stock market

11.

The information relating to the expected return of a given security (i.e., CAPM) is as follows. The market return is 8.5%, the risk-free rate is 1.5%, and the security Beta is 1.50. (Note: CAPM is given as rj = Rf + [Bj x (rm-Rf)]). Find the required return of the given security.

a)

12%

b)

7%

c)

10.5%

d)

3%