Question 51
ALL of the following are requirements of an efficient market EXCEPT
I). continuous analysis.
II). predictable arrival of news and information.
III). swift price adjustment to new information.
IV). low barriers to transactions and arbitrage.
I). continuous analysis.
II). predictable arrival of news and information.
III). swift price adjustment to new information.
IV). low barriers to transactions and arbitrage.
Question 52
A property can be purchased for $180,000. The investor provides 20% as owner's equity and borrows the remainder at 8.50% p.a. The investor sells the property for $170,000 in one year. What is the rate of return to the investor? (Ignore costs associated with real estate transactions.)
Question 53
Which of the following statements least accurately describes the interpretation of an F-statistic?
Question 54
Currently commodity markets are in contango. This means the roll yield on commodity indices is:
Question 55
A value-weighted index in which a $50 stock increased by 15% and a $45 stock decreased by 17% would