来源:高顿网校 发布时间:2015-06-08 13:53 责编:admin
  The next 4 questions are based on the following information. Techspace has been a successful stock over the past few years despite its riskiness. The state of the economy has a tremendous effect on the expected returns for Techspace as shown below:

  State of the economy       Probability      Returns

  Depression                            5%                      -45%

  Recession                            15%                      -10%

  Minimal slowdown               20%                        5%

  Stable                                     40%                        10%

  Expansion                              15%                      30%

  Significant expansion   5%   35%B.1.1. What is the expected rate of return on Techspace stock?

  A. 7.5%

  B. 15%

  C. 35%

  D. 25%

  B.1.2. The standard deviation of Techspace returns is

  A. 7.5

  B. 17.35

  C. 3.01

  D. 1.0

  B.1.3. The total weighted squared variance of Techspace returns is

  A. 43

  B. 301

  C. 75

  D. 2738

  B.1.4. The coefficient of variation of Techspace returns is

  A. -1.0

  B. 1.0

  C. 1.3

  D. 2.31

  B.1.5. The systematic risk of an individual security is measured by the

  A. standard deviation of the security’s rate of return.

  B. covariance between the security’s returns and the general market.

  C. security’s contribution to the portfolio risk.

  D. standard deviation of the security’s returns and other similar securities.

  B.1.6. Which one of the following would have the least impact on a firm’s beta value?

  A. Debt-to-equity ratio.

  B. Industry characteristics.

  C. Operating leverage.

  D. Payout ratio.


网校二维码
扫一扫微信,*9时间关注CMA考试时间提醒

        高顿网校特别提醒:已经报名2015年CMA考试的考生可按照复习计划有效进行!另外,高顿网校2015年CMA考试辅导高清课程已经开通,通过针对性地讲解、训练、答疑,对学习过程进行全程跟踪、分析、指导,可以帮助考生全面提升备考效果。
 
  报考指南: 2015年CMA考试报考指南 
  考前冲刺:CMA考试试题   考试辅导
登录并评论

精选推荐

相关推荐

考试动态

考试试题