Phát biểu nào không đúng về Đường thị trường vốn (CML)?A. CML là dòng phân bổ vốn tốt nhất có thể đạt được.B. CML là đường từ lãi suất phi rủi ro thông qua danh mục đầu tư thị trường.C. CML còn được gọi là đường thị trường chứng khoán.D. CML luôn có độ dốc dương.E. Thước đo rủi ro cho CML là độ lệch chuẩn

A fixed-income security pays_______.

Theoretically, takeovers should result in__________.

In terms of total value, the most significant liability of U.S. nonfinancial businesses in 2009 was _______.

An investor purchases one municipal and one corporate bond that pay rates of return of 7.5% and 10.3%, respectively. If the investor is in the 25% marginal tax bracket, his or her after tax rates of return on the municipal and corporate bonds would be___and___, respectively.

Assume you sell short 100 shares of common stock at \$45 per share, with initial margin at 50%. What would be your rate of return if you repurchase the stock at \$40/share? The stock paid no dividends during the period, and you did not remove any money from the account before making the offsetting transaction.

You purchased 100 shares of IBM common stock on margin at \$70 per share. Assume the initial margin is 50% and the maintenance margin is 30%. Below what stock price level would you get a margin call? Assume the stock pays no dividend; ignore interest on margin.

Which one of the following statements regarding closed-end mutual funds is false?

If a portfolio had a return of 10%, the risk free asset return was 4%, and the standard deviation of the portfolio's excess returns was 25%, the risk premium would be_____.

When an investment advisor attempts to determine an investor's risk tolerance, which factor would they be least likely to assess?

You invest \$1000 in a risky asset with an expected rate of return of

0.17 and a standard deviation of 0.40 and a T-bill with a rate of return of

0.04. A portfolio that has an expected outcome of \$114 is formed by