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A person purchased a share of Acme.com common stock exactly one year ago for $45. During the past year the common stock paid an annual dividend of $2.40. The person sold the security today for $85. What is the rate of return the firm has earned?
A. 5.3%
B. 194.2%
C. 88.9%
D. 94.2%
A set of possible values that a random variable can assume and their associated probabilities of occurrence are referred to as .
Probability distribution
The expected return
The standard deviation
Co-efficient of variation
A statistical measure of the variability of a distribution around its mean is referred to as
.
Probability distribution
The expected return
The standard deviation
Co-efficient of variation
The weighted average of possible returns, with the weights being the probabilities of occurrence is referred to as .
Probability distribution
The expected return
The standard deviation
Co-efficient of variation
Which of the following statements regarding covariance is correct?
Covariance always lies in the range -1 to +1
Covariance, because it involves a squared value, must always be a positive number (or zero)
Low co-variances among returns for different securities leads to high portfolio risk
Co-variances can take on positive, negative, or zero values
Total portfolio risk is .
Equal to systematic risk plus non-diversifiable risk
Equal to avoidable risk plus diversifiable risk
Equal to systematic risk plus unavoidable risk
Equal to systematic risk plus diversifiable risk
It is a market condition normally associated with investor optimism, economic recovery, and expansion; characterized by generally rising securities prices.
Bear market
Bull market
OTC
Dealers market
is a condition of the markets typically associated with investor pessimism and economic slowdown; characterized by generally falling securities prices.
Bear market
Bull market
OTC
Dealers market
A person who buys and sells securities on behalf of clients and gives them investment advice and information is called:
Stockholder
Account executive
Financial consultant
All are one and the same
A broker is:
Far more than a salesperson
Mostly interested in his own commission
May not be socially known
Can trade your stock without your permission
A broker who, in addition to executing clients’ transactions, offers a full array of brokerage services is:
Full-service broker
Discount broker
Online broker
OTC broker