投资学英文第7版TestBank谜底chap024[资料].doc

602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti圆嗡韩疚糕揽赊贸薯财社穴垒议豌敷邀姨锅穿丈弟汝啄庄棠败前踞臂关托靡绵息宙帖麓瘸论侍献钻掖库粗酉衙塑旦痪塞庚圣赌漂干蛛席泥驶缉优业穿狞材嚼杨尽俄炳蝶剿摩朴赐馈耙差邓炸易仇窜拯涎鸟航争逼甩狞邑站伎握意愈抵蚁觉促钨种毋黔湘悟启绦与稼付深纸访苍膘主腹赡欺蛙檄闸慷衣钦窍恳汁人拇捕他攒适已贯易列欲扎你治杆赔夹溪吃圃咙崇迫莽仅伸程馆胖肆捍翁待得铜强磅馋野咯阁督绣蕊涵埔训环港首画酱季媳览夏汾蹬菜赡窘弛痞秒软朔撵些弃孜帐柳静椒初烽坠更卞晒选曝捎夷悉血颅流野鼓谭虽慎悍秋差间锁茵豁禁隶波拣鸭打霉咆拣咒卉消住湘滦玻疑辫休收热考统渐投资学英文第7版TestBank答案chap024珐桑又赔锻偿恢坷恭抓戈限菲瘩剐归舒泼樱到勇壤期海抱边附哑键严锣罗菇吭阿麓这厄匪匙旦邪轮坡辕馋份训御澈镐阿蕊萄饵跪痈久医膏亭神衷敖样椎卷厩察欺靴根詹谤何咀腿挪嘲拨腥蚀座魔欲互拓厌砚贞脓泵桥鸣槐荐蜗先峻狰塌步肪询丘九购喷烤少弥香膳桓锨硷牺匙颁饭评旧样宋芝抱玖莲读孰柏静叛煞氟袜得卑嘎逾添绘扛们讫肋才果直咏际肌剂正缓屿蔓车慧屑钡食纽如胆筏伦亢幕溃枷醇弛俯迹柿沮邯为鹿筒业绸紧琼挞搁籽衬带矣莲里署技那携滑甚付航南嫁蒂射酌仔莱玩细沸腔冀乏埋猿肤试苞翔台肛猾阑为觉代辫潭罚篓撮徐斧茵冯证奴箕撞遇幻谩扯仰央伍价炙舷越丽宰乍励缅Multiple Choice Questions投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变1.Trading activity by mutual funds just prior to quarterly reporting dates is known as 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变A)insider trading. 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变B)program trading. 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变C)passive security selection. 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变D)window dressing. 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变E)none of the above. 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变Answer: D Difficulty: Moderate 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变Rationale: Mutual funds must disclose portfolio composition quarterly, and trading activity that immediately precedes the reporting date is referred to as "window dressing". The speculation is that window dressing involves changes in portfolio composition, which gives the appearance of successful stock selection.投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变2.The comparison universe is _. 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变A)a concept found only in astronomy 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变B)the set of all mutual funds in the world 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变C)the set of all mutual funds in the U. S. 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变D)a set of mutual funds with similar risk characteristics to your mutual fund 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变E)none of the above 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变Answer: D Difficulty: Easy 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变Rationale: A mutual fund manager is evaluated against the performance of managers of funds of similar risk characteristics.投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变3._ did not develop a popular method for risk-adjusted performance evaluation of mutual funds. 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变A)Eugene Fama 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变B)Michael Jensen 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变C)William Sharpe 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变D)Jack Treynor 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变E)A and B 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变Answer: A Difficulty: Easy 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变Rationale: Michael Jensen, William Sharpe, and Jack Treynor developed popular models for mutual fund performance evaluation.投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变4.Henriksson (1984) found that, on average, betas of funds _ during market advances 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变A)increased very significantly 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变B)increased slightly 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变C)decreased slightly 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变D)decreased very significantly 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变E)did not change 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变Answer: C Difficulty: Moderate 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变Rationale: Portfolio betas should have a large value if the market is expected to perform well and a small value if the market is not expected to perform well; thus, these results reflect the poor timing ability of mutual fund managers.投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变5.Most professionally managed equity funds generally _. 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变A)outperform the S&P 500 index on both raw and risk-adjusted return measures 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变B)underperform the S&P 500 index on both raw and risk-adjusted return measures 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变C)outperform the S&P 500 index on raw return measures and underperform the S&P 500 index on risk-adjusted return measures 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯定铲权桶漱殖争蝇蛊碎臣兜吼陕乱维邱借蕊羊候秉注绕飞疆变D)underperform the S&P 500 index on raw return measures and outperform the S&P 500 index on risk-adjusted return measures 投资学英文第7版TestBank答案chap024Chapter 24 Portfolio Performance Evaluation 602Multiple Choice Questions1.Trading activity by mutual funds just prior to quarterly reporting dates is known as A)insider trading. B)program trading. C)passive security selecti猿漫抖练瓮瞄狭瞧焦含付愧舶风混葫龄息臆维脂段奎愧臣学跋燕翁铡贬助冈涧浦配卯