投资学英文第7版TestBank谜底chap024[资料].doc

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1、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

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3、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 rep

4、orting 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 Ev

5、aluation 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chap024Chap

6、ter 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

7、. 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

8、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

9、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)p

10、assive 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)inside

11、r 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 qua

12、rterly 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

13、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

14、 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

15、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

16、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 mutu

17、al 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

18、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

19、)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 j

20、ust 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.Tr

21、ading 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 Eval

22、uation 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 agai

23、nst 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)pas

24、sive 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 m

25、utual 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 Questi

26、ons1.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 Evaluat

27、ion 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

28、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T

29、estBank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

30、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

31、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

32、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 activ

33、ity 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

34、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)in

35、creased 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

36、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

37、 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)pr

38、ogram 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 reportin

39、g 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 jus

40、t 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 Ques

41、tions1.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 t

42、o 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 t

43、o 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 602Mult

44、iple 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 ret

45、urn 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

46、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 tr

47、ading. 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 Eval

48、uation 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 mea

49、sures 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