inreturn造句
篇一：Java练习题1(有答案)
第 1题________ is an object-oriented programming language.
1、 Java
2、 C++
3、 C
4、 Ada
5、 Pascal
答案 1 2
第 2题________ is Architecture-
Neutral.
1、 Java
2、 C++
3、 C
4、 Ada
5、 Pascal 答案 1
第 3题________ is a technical definition of the language that includes the syntax and semantics of the Java programming language.
1、 Java language specification
2、 Java API
3、 Java JDK
4、 Java IDE 答案 1
第 4题________ consists of a set of separate programs for developing and testing Java programs, each of which is invoked from a command line.
1、 Java language specification
2、 Java API
3、 Java JDK
4、 Java IDE
答案 3
第 5题________ provides an integrated development environment (IDE) for rapidly developing Java programs. Editing, compiling, building, debugging, and online help are integrated in one graphical user interface.
1、 Java language specification
2、 Java API
3、 Java JDK 4、 Java IDE 答案 4第 6题
The main method header is written as: 1、
public static void main(string[] args)
2、 public static void Main(String[] args)
3、 public static void main(String[] args)
4、 public static main(String[] args) 5、 public
void main(String[] args) 答案 3第 7题Which of
the following statements is correct? 1、 Every line
in a program must end with a semicolon.
2、 Every statement in a program must end with a semicolon.
3、 Every comment line must end with a semicolon;
4、 Every method must end with a semicolon;
5、 Every class must end with a semicolon;
答案 2
第 8题Which of the following statements is correct to display Welcome to Java on the console?
1、 System.out.println( Welcome to Java );
2、 System.out.println("Welcome to Java");
3、 System.println( Welcome to Java );
4、 System.out.print( Welcome to Java );
5、 System.out.print("Welcome to Java"); 答
案 2 5
第 9题Which JDK command is correct to run a Java application in ByteCode.class?
1、 java ByteCode
2、 java ByteCode.class
3、 javac ByteCode.java
4、 javac ByteCode 5、 JAVAC ByteCode 答案 1
第 10题Suppose you define a Java class as
follows:
public class Test {
}
In order to compile this program, the source code should be stored in a file named
1、 Test.class
2、 Test.doc
3、 Test.txt
4、 Test.java
5、 Any name with extension .java 答案 4第 11题
The extension name of a Java bytecode file is
1、 .java
2、 .obj
3、 .class
4、 .exe 答案 3第 12题Which of the following lines is
not a Java comment?
1、
2、 // comments
3、 -- comments
4、
5、 ** comments ** 答案 3 5第 13题Which of the
following are the reserved words?
1、 public
2、 static
3、 void 4、 class 答案 1 2 3 4第 14题To use JOptionPane in your program, you may import it using:
1、 import javax.swing.JOptionPane;
2、 import javax.swing.*;
3、 import javax.*;
4、 import javax.*.JOptionPane; 答
案 1 2
第 15题Which of the following are correct names for variables according to Java naming conventions?
1、 radius
2、 Radius
3、 RADIUS
4、 findArea 5、 FindArea 答案 1 4第 16题Which of the following are correct ways to declare variables?
1、 int length; int width;
2、 int length, width;
3、 int length; width; 4、 int length, int width; 答案 1
2第 17题____________ is the Java assignment
operator.
1、 ==
2、 :=
3、 =
4、 =: 答案 3第 18题Which of the following assignment statements is incorrect.
1、 i = j = k = 1;
2、 i = 1; j = 1; k = 1;
3、 i = 1 = j = 1 = k = 1; 4、 i == j == k == 1; 答案 3 4第 19题Which of the following is a constant, according to Java naming conventions? 1、 MAX_VALUE
2、 Test
3、 read
4、 ReadInt 5、 COUNT 答案 1 5第 20题To declare an int variable number with initial value 2, you write
1、 int number = 2L;
2、 int number = 2l;
3、 int number = 2; 4、 int number = 2.0; 答案 3第
21题Which of the following expressions will yield 0.5?
1、 1 / 2
2、 1.0 / 2
3、 (double) (1 / 2)
4、 (double) 1 / 2 5、 1 / 2.0 答案 2 4 5第 22题Which of the following expression results in a value 1?
1、 2 % 1
2、 15 % 4
3、 25 % 5 4、 37 % 6
答案 4第 23题-25 % 5
is _____
1、 1
2、 2
3、 3
4、 4 5、 0 答案 5第 24题-24 % -5 is _____
1、 3
2、 -3
3、 4
4、 -4 5、 0 答案 4第 25题(Note: Java is case-sensitive)
1、 number += sum;
2、 number = sum + number;
3、 sum = Number + sum;
4、 sum += number;
5、 sum = sum + number; 答案 4 5
To add number to sum, you write
篇二：投资学 第二章 答案
1.28.Assume that you invest $5000 for 30 years in an account that pays an interest
rate of 8.5% per year with annual compounding. The amount of interest-on-interest
earned is?
(1.0分)
A.a)67,750
B.b)52,791
C.c)57,791
D.d)40,041
E.e)60,000
2. 29.Consider a stock that has an expected return of 10% and standard deviation of 14%.
Assuming that future returns will resemble past returns, an investor can expect 95% of
actual future returns to lie between(1.0分)
A.a) -10% and 24%
B.b) 10% and 14%
C.c) -32% and 52%
D.d) -4% and 24% E.e) -18% and 38%
3.Assume that you invest $5000 for 30 years in an account that pays an interest rate of
8.5% per year with annual compounding. The amount of simple interest earned is?
A.a) $67,750
B.b) $12,750
C.c) $57,791
D.d) $40,041
E.e) $60,000
4. 18.If U.S. firms increase their debt/total capital ratios, it will very likely cause required
returns to(1.0
分)
A. a)Increase and change the slope of the capital market line (CML).
B. b)Increase and cause a movement up along the capital market line (CML).
C. c）Remain unchanged and cause a parallel shift of the capital market line (CML).
D. d) Decrease and change the slope of the capital market line (CML).
E.
e)Decrease and cause a movement down along the capital market line (CML).
5. 17.The following would be an example of systematic risk:(1.0分)
A.a) Changes in interest rates.
B.b) Management decisions.
C.c) Stability of sales.
D.d) The amount of debt financing.
E.e) Liquidity.
6. 16.The nominal risk free rate is influenced by the following factors:(1.0分)
A.a) Inflationary expectations and capital market conditions.
B.b) Business risk and financial risk.
C.c) Investment opportunities and time preference for consumption.
D.d) All of the above.
E.e) None of the above.
7. 15.If a significant change is noted in the yield of a T-bill, the change is most likely
attributable to:(1.0分)
A.a) A downturn in the economy.
B.b) A static economy.
C.c) A change in the expected rate of inflation.
D.d) A change in the real rate of interest.
E.e) A change in risk aversion.
8. 14.The real risk free rate is influenced by the following factors:(1.0分)
A.a) Inflationary expectations and capital market conditions.
B.b) Business risk and financial risk.
C.c) Investment opportunities and time preference for consumption.
D.d) All of the above.
E.e) None of the above.
9. 13.The coefficient of variation is a measure of(1.0分)
A.a) Central tendency.
B.b) Absolute variability.
C.c) Absolute dispersion.
D.d) Relative variability.
E.e) Relative return.
10.The nominal risk-free rate is influenced by the relative ease or tightness in the
capital markets and the unexpected rate of inflation.
A.a)True
B.b)False
11. 24.Assume that you invest $1000 for 15 years in an account that pays an interest rate
of 7% per year with annual compounding. Calculate the proportion of the total value of
the account that can be attributed to interest-on-interest, at the end of 15 years.(1.0分)
A.a) 100%
B.b) 38.06%
C.c) 36.24%
D.d) 25.70%
E.e) 0%
12. 12.When rates of return on a security have a high standard deviation then(1.0分)
A.a) Arithmetic mean will equal geometric mean
B.b) The difference between arithmetic mean and geometric mean will be large.
C.c) The difference between arithmetic mean and geometric mean will be small.
D.d) Geometric mean will exceed arithmetic mean.
E.e) None of the above.
13. 11.The return relative is calculated as(1.0分)
A.a) (1 ?
HPR)
B.b) (1 + HPR)
C.c) (1 ? HPR)^n
D.d) (1 + HPR)^n
E.e) (1 ? (Income + Price Change))
14. 10.The risk premium is a function of sales volatility, financial leverage, and inflation.
(1.0分)
A.Ture
B.False
15. 9.Widening interest rate spreads indicate a flight to quality.(1.0分
)
A.Ture B.False
16. Two measures of risk are the standard deviation and the variance.
A.a)TrueB.b)False
17. 8.Historically return relatives are used to measure the risk for a series of historical
rates of return.(1.0分)
A.Ture
B.False
18. 7.The coefficient of variation is the expected return divided by the standard deviation
of the return.(1.0分)
A.Ture
B.False
19. 6.When rates of return are the same for all years,the geometric mean and the
arithmetic mean will be the same. (1.0分
)
A.Ture B.False
20. 5.The geometric mean of a series of returns is always larger than the arithmetic
mean and the difference increases with the volatility of the series.(1.0分)
A.Ture
B.False
21. 4.The geometric mean is the nth root of the product of the annual holding period
returns for N years minus one.(1.0分)
A.Ture
B.False
22. The expected rate of return is the summation of the possible returns divided by the
probability of each return in the summation.
A.a)True
B.b)False
23. 3.The holding period return (HPR) is equal to the return relative stated as a
percentage.(1.0分)
A.Ture
B.False
24. 2.The sources of investment returns are dividends and interest.(1.0分)
A.Ture
B.False
25. An investor should expect to receive higher returns from taking on lower risks(1.0分)
A.Ture
B.False
26. the variance of returns, everything else remaining constant, thedispersion of expectations and the risk.
A. a) Smaller, greater, lower
B. b) Smaller, greater, greater
C. c) Larger, greater, lower
D.d) Larger, smaller, higher
E.e) Larger, greater, higher
27. Which of the following conditions would not
lead an investor to seek a risk premium?
A.a) A low level of liquidity in the chosen investment instrument
B. b)A high level of volatility in the sales of the firm invested in
C.c) A high level future investment opportunities
D.
d) A high standard deviation in possible returns
E. e) A large investment in risk-free assets
28. The risk premium formulated as a function ofbusiness risk,liquidity risk, financial risk,exchange rate risk, and country risk is the risk premium formulated as
a function of systematic market risk.
A.
Greater than
B.
Less than
C.
Approximately equal to
D.
Twice
E.One half
29. Which of the following is not
a component of the risk premium?
A. a)
Business risk
B. b)
Financial risk
C.c)
Unsystematic market risk
D. d)
Exchange rate risk
E. e) Liquidity risk
30. If there is a significant change (increase or decrease) in the yield spread between Baa and Aaa rated bonds, it will very likely cause a change in the required rate of return forcommon stocks, thus resulting in(1.0分
)
A. a)
A change in the slope of the security market line (SML).
B.b)
A movement along the security market line (SML)
C.c)
A parallel shift of the security market line (SML)
D. d)
All of the above
E.e) None of the above
31.If there is a change in the expected rate of inflation, it will very likely cause a change in the required rate of return for various assets, thus resulting in:(1.0分
)
A. a)
A change in the slope of the security market line (SML).
B.b)
A movement along the security market line (SML)
C.c)
A parallel shift of the security market line (SML)
D.d)
All of the above
E.e) None of the above
32.At the beginning of the year a U.K. investor purchased shares of a U.S. company at $25 per share. At this time the exchange rate was ?0.69 per dollar. At the end of the year, the investor sold the shares at $22 per share, and the exchange rate is ?0.85 per dollar. What is the home country (U.K.) HPR?(1.0分
)
A.a)-8.41%
B.b)-12%
C.c)23.19%
D.d)13.64%
E.e)-18.82%
33.At the beginning of the year a U.S. investor purchased shares of a U.K. company at ?15per share. At this time the exchange rate was $1.44 per pound. At the end of the year, the investor sold the shares at ?20 per share, and the exchange rate is $1.15 per pound.
What is the home country (U.S.) HPR?
A.a)33%
B.b)79.86%
C.c)6.48%
D.d)1.33%
E.e)1.048%
34.
The table provided below provides the probability of outcomes for various states of the economy and the corresponding rates of return for a security
Weak Economy 0.10-5%
Static Economy 0.65 5%
Strong Economy 0.2510%
What is your coefficient of variation (CV) for the next year?
A.a)0.576
B.b)0.676
C.c)0.766
D.d)0.876
E.e)0.976
35.
The table provided below provides the probability of outcomes for various states of the economy and the corresponding rates of return for a security
Weak Economy 0.10-5%
Static Economy 0.65 5%
Strong Economy 0.2510%
What is your standard deviation (SD) for the next year?
(1.0分
)
A.a)2.042%
B.b)4.023%
C.c)8.250%
D.d)16.750%
E.e)32.500%
36.
篇三：外贸邮件常用英语
常用英语
2011年01月21日 星期五 6:19 P.M.
I will take a holiday on 13 of Oct .Will back to office on 14 of Oct
if you have any urgently matter please contact with my colleagues:
pls kindly cfm（coNfirm） the attached
d/c note ---账单
FYI(FOR YOU Inference—）
Pls fill attached application with your stamp in order to arrange telex release. Kindly find our SI for SZAWL09093093, pls send us bl copy for checking asap.
Pls kindly find the attached BL darft ,pls cfm and return ,tks
Enclosed si for subject shipment.tks!
Cfm ok, pls arrange tlx rls to us. If need application,pls advise the tlx
application format by return.
the shipment 货物
Please kindly find the telex release letter as attached, pls confirm your receipt by return, pls provide the surrendered MBL copy for the subject B/L within today, Tks
Duly noted
Kindly find attached one set of documents for your refernce
subject shipment此货
Pls check and confirm your receipt by return.收到后请回复。
Pls confirm to our enclosed debit note.
Sorry,pls see attached revised(修改） D/N: SZAWL09082046B
asap（AS SOON AS POSSIBLE)尽快
Received with thanks.
Pls confirm by return before 12:30,tks!
well received
REMINDER提醒 RESEND
Pls check if the cnee of a/m shpt picked up cargo or not.
Pls urgently check and provide devanning report（拆柜报告） for this
shipment to us.
Pls advice the status for below shipment.
1.Please release cargo to consignee without collecting o/bls.------放货
2.Dear n.watanabe,
HBL NM20091001076CTNS/951.00KGS
Pls HOLD CARGO.-------扣货
>Dear N.watanabe,
>
>1. HBL WD20091006591PLT / 330KGS
>2. HBL WD20091006611PLT/ 480KGS
>
>Pls help to HOLD above mention two shpts.
拆柜：Pls adv when could you finish the unstuffing ? 何时能拆完柜子
发正本提单给收货人 >Please release cargo to consignee Against collecting o/bls as attachment. 请凭正本提单放货
Pls urgently check and provide devanning report for this shipment to us.请提供拆箱报告
pls ignore(不理睬） the DC note
Co-loader said they could not contact shpr now, they would try to ctc them again tomorrow.
Pls pay attention when the cnee pick up cargo.
Pls advised when the storage charges occur , for 7days free storage charges what you provided to us,
You could debit us for the 8th day ～ the 10th day.
You could debit cnee all storage charges if they did not p/u cargo on the 11th day after devanning.
As the co-loader said, they could p/u cargo on 15th, JAN
>ETA is 7th Jan.
>
>Pls check for us,tks.
Pls kindly check the exact arriving date of this shipment,and whether
consignee picked the shipment or not?(请问这货收货人提走货了没？） Besides, pls keep this HBL for yr records.
(show the wrong dest. on HBL copy , other remain unchanged)
Pls help to check with carrier（船东） about the amendment fee,thanks tax invoice发票
>Please send us arrival notice ,tks.
>
collected delivery order
Pls help revise the BL as attached.tks a lot.
Please check whether consignee picked up the cargo or not ,
if yes, please advise us the exact date.问代理提走货了没
m/bl:149000087695 (发电放单给代理）
> The m/bl have been telex released ,the release number is:MAC2010-CSD/EP2-RLS-705368
The cnee said the cargo have been broken
>Pls urgently check and provide devanning report to us.(跟代理拿拆柜报告）Will send surrendered hb/l copy to you once available.tks!
Fw: Re: Fw: DOC/SZC10011169/Doris/Shenzhen/Yokohama/Seika/UNI-ACCORD V.0893-286N ---- GZC100122 --- O/F PP
H/BL: GZC100122(83CTN/1499KGS/9.5CBM)
>1.Please release the cargo to consignee against original bill as
attachment.(凭正本放货）
>2.O/F PP instead of O/F CC , and please cancel the ocean fee
usd30.00 ,tks.
>3.Please confirm the credit note SZAWL10012476B---USD30.00 ,tks.(g改提单，退费用）
>
> H/BL:CSSPSZLI10010005 (68CTNS/673.2KGS/4.795CBM)(取消费用 BAF ,SYS-BAF SYS高收)
1.Please charge cnee BAF USD5.00/RT in stead of BAF USD10.00/RT
2.please charge cnee SYS USD20.00/RT in stead of SYS USD45.00/RT The total balance we will credit to you as credit note SZAWL10011827B---USD143.86,TKS.
Pls cfm by return.
目的港投诉高收：
Re: DOC/SZC10021257/Doris/Shenzhen/Tokyo/EVER APEX V.0896-322N--SZAWL10022927--LOCAL CHARGE
>Dear watanabe ,
>
> H/BL: SZAWL10012330(3PALLETS/1143.4KGS/2.297CBM)
>
>Please charge cnee:
CFS:JPY3600/RT,THC:1250/RT,DO:JPY4000/SET
The local charges we instructed you first :
CFS:JPY3600/RT,THC:JPY500/RT,DO:JPY2000/SET.
>
We will debit the total balance to you as debit note no: SZAWL10012330B---- USD18.12 TKS.
>
Pls adv the devanning date.（拆柜时间)
账单错了：
The D/N has been amended ,Please kindly find and confirm attached > cred(转 载 于:wWw.cssYQ.COm 书 业 网:inreturn造句)it note no:SZAWL10021677B---DOC FEE USD290,TKS.
COMMODITY DESC.(更改品名）
Due to shpr still not pay local charge to us , so we can't arrange to
Surrendered HB/L . Pls be noted.(客人没付款）
2.cancel the L/C NO. in commdity.(品名处有修改）
amendment Fee（修改费用）
devanning report for this container .（此柜子的拆柜报告）
The good of description have been revised as below:(更改品名）
2.revised h/bl as attachment ,please find it.tks.
Attached amended HBL.（修改提单）
货物状态：CARGO STATUS
仓租：Warehouse rental
发货人没收到款，我们放了货：
As per Ms.Eva communicated with you, Shipper "MUSUN PACKAGE" is complaining that consignee did not settle all the goods' payment to shipper yet.
But this shipment is already released as per informed..
Pls kindly assist us to push consignee to arrange payment to shipper urgently in order to avoide more complaints from shipper..
很乐意帮助你：it completely our pleasure to hellpp you！
仓租：
>H/BL:YDX1001027B(38CTNS/519.500KGS/5.6100CBM)
>
>Please advise the devanning date and check when the cnee pick up cargo , as the co-loader said there was storage charges . tks.
HI,do you contact with cnee again? any new? could the cnee advise us the pay fee date?
Pls advise the exact arriving date of this shipment.
Pls advise the storage upto now.. USD? / CBM/DAY ?(问仓租多少，怎么算）
免堆期间：F/T is up to FEB. 15.
And pls kindly help to contact with consignee to get some information
about why they still did not pick the shipment yet?(问客人为什么不提货，不提货的原因）
Well received with tks !
目的港客人签收单 ：Pls provide the receipt with cnee's signature.
>Please charge cnee sys USD20/RT in stead ofUSD55/RT .
Please kindly find and confirm attached credit note no:SZAWL10022711B---
篇四：公司理财 习题库 Chap012
CHAPTER 12
Some Lessons from Capital Market History
I. DEFINITIONS
RISK PREMIUM
a 1. The excess return required from a risky asset over that required from a risk-free asset
is called the:
a. risk premium.
b. geometric premium.
c. excess return.
d. average return.
e. variance.
VARIANCE
b 2. The average squared difference between the actual return and the average return is
called the:
a. volatility return.
b. variance.
c. standard deviation.
d. risk premium.
e. excess return.
STANDARD DEVIATION
c 3. The standard deviation for a set of stock returns can be calculated as the:
a. positive square root of the average return.
b. average squared difference between the actual return and the average return. c. positive square root of the variance.
d. average return divided by N minus one, where N is the number of returns.
e. variance squared.
NORMAL DISTRIBUTION
d 4. A symmetric, bell-shaped frequency distribution that is completely defined by its mean
and standard deviation is the _____ distribution.
a. gamma
b. Poisson
c. bi-modal
d. normal
e. uniform
GEOMETRIC AVERAGE RETURN
d 5. The average compound return earned per year over a multi-year period is called the
_____ average return.
a. arithmetic
b. standard
c. variant
d. geometric
e. real
CHAPTER 12
ARITHMETIC AVERAGE RETURN
a 6. The return earned in an average year over a multi-year period is called the _____
average return.
a. arithmetic
b. standard
c. variant
d. geometric
e. real
EFFICIENT CAPITAL MARKET
e 7. An efficient capital market is one in which:
a. brokerage commissions are zero.
b. taxes are irrelevant.
c. securities always offer a positive rate of return to investors.
d. security prices are guaranteed by the U.S. Securities and Exchange Commission to be
fair.
e. security prices reflect available information.
EFFICIENT MARKETS HYPOTHESIS
a 8. The notion that actual capital markets, such as the NYSE, are fairly priced is called the: a. Efficient Markets Hypothesis (EMH).
b. Law of One Price.
c. Open Markets Theorem.
d. Laissez-Faire Axiom.
e. Monopoly Pricing Theorem.
STRONG FORM EFFICIENCY
b 9. The hypothesis that market prices reflect all available information of every kind is
called _____ form efficiency.
a. open
b. strong
c. semi-strong
d. weak
e. stable
SEMI STRONG FORM EFFICIENCY
c 10. The hypothesis that market prices reflect all publicly-available information is called
_____ form efficiency.
a. open
b. strong
c. semi-strong
d. weak
e. stable
CHAPTER 12
WEAK FORM EFFICIENCY
d 11. The hypothesis that market prices reflect all historical information is called _____
form efficiency.
a. open
b. strong
c. semi-strong
d. weak
e. stable
II. CONCEPTS
TOTAL RETURN
d 12. The total percentage return on an equity investment is computed using the formula
______, where P1 is the purchase cost, P2 represents the sale proceeds, and d is the
dividend income.
a. (P2 ? P1) ? (P2 + d)
b. (P1 ? P2) ? (P2 + d)
c. (P1 ? P2 ? d) ? P1
d. (P2 ? P1 + d) ? P1
e. (P2 ? P1 + d) ? P2
DIVIDEND YIELD
a 13. The dividend yield is equal to _____, where P1 is the purchase cost, P2 represents the
sale proceeds, and d is the dividend income.
a. d ? P1
b. d ? P1
c. d ? P2
d. d ? P2
e. d ? (P1 + P2)
DIVIDEND YIELD
c 14. The Zolo Co. just declared that they are increasing their annual dividend from $1.00
per share to $1.25 per share. If the stock price remains constant, then:
a. the capital gains yield will decrease.
b. the capital gains yield will increase.
c. the dividend yield will increase.
d. the dividend yield will also remain constant.
e. neither the capital gains yield nor the dividend yield will change.
CAPITAL GAIN
b 15. The dollar amount of the capital gain on an investment is computed as _____, where P1
is the purchase cost, P2 represents the sale proceeds, and d is the dividend income.
a. P1 ? P2
b. P2 ? P1
c. P2 ? P1
d. P1 ? P2 + d
e. P2 ? P1 ? d
CHAPTER 12
TOTAL RETURN
e 16. The capital gains yield plus the dividend yield on a security is called the:
a. variance of returns.
b. geometric return.
c. average period return.
d. summation of returns.
e. total return.
REAL RETURN
c 17. The real rate of return on a stock is approximately equal to the nominal rate of return: a. multiplied by (1 + inflation rate).
b. plus the inflation rate.
c. minus the inflation rate.
d. divided by (1 + inflation rate).
e. divided by (1- inflation rate).
REAL RETURN
c 18. As long as the inflation rate is positive, the real rate of return on a security investment will be ____ the nominal rate of return.
a. greater than
b. equal to
c. less than
d. greater than or equal to
e. uelated to
HISTORICAL RECORD
d 19. A portfolio of large company stocks would contain which one of the following types of
securities?
a. stock of the firms which represent the smallest 20 percent of the companies listed on
the NYSE
b. U.S. Treasury bills
c. long-term corporate bonds
d. stocks of firms included in the S&P 500 index
e. long-term government bonds
HISTORICAL RECORD
d 20. Based on the period of 1926 through 2003, _____ have tended to outperform other
securities over the long-term.
a. U.S. Treasury bills
b. large company stocks
c. long-term corporate bonds
d. small company stocks
e. long-term government bonds
CHAPTER 12
HISTORICAL RECORD
a 21. Which one of the following types of securities has tended to produce the lowest real
rate of return for the period 1926 through 2003?
a. U.S. Treasury bills
b. long-term government bonds
c. small company stocks
d. large company stocks
e. long-term corporate bonds
HISTORICAL RECORD
d 22. On average, for the period 1926 through 2003:
a. the real rate of return on U.S. Treasury bills has been negative.
b. small company stocks have underperformed large company stocks.
c. long-term government bonds have produced higher returns than long-term corporate
bonds.
d. the risk premium on long-term corporate bonds has exceeded the risk premium on
long-term government bonds.
e. the risk premium on large company stocks has exceeded the risk premium on small
company stocks.
HISTORICAL RECORD
e 23. Over the period of 1926 through 2003, the annual rate of return on _____ has been
more volatile than the annual rate of return on_____:
a. large company stocks; small company stocks.
b. long-term government bonds; long-term corporate bonds.
c. U.S. Treasury bills; long-term government bonds.
d. long-term corporate bonds; small company stocks.
e. large company stocks; long-term corporate bonds.
HISTORICAL RECORD
d 24. During the period of 1926 through 2003 the annual rate of inflation:
a. was always positive.
b. was only negative during the 3 years of the Great Depression.
c. never exceeded 10 percent.
d. fluctuated significantly from one year to the next.
e. tended to be negative during the years of World War II.
HISTORICAL RECORD
e 25. Based on the period of 1926 through 2003 the annual rate of inflation ranged from
_____ percent to _____ percent.
a. -5; 6
b. -5; 9
c. -7; 6
d. -7; 15
e. -10; 18