莲勇4哈餐多产孝 公司理财 D.the cost of loan capital will increase. 10.A study of the shares of companies listed on a particular stock market found that: (i)share prices were independent of past share price movements and followed a random path (ii)some investors used the published accounts of the companies to analyse performance and,by doing so,made abnormal gains over many years. Which of the following would be consistent with these findings? A.The stock market is inefficient B.The stock market is efficient in the weak form C.The stock market is efficient in the semi-strong form D.The stock market is efficient in the strong form 11.The economic order quantity(EOQ)for stocks can be calculated by using an equation of the form:EO0=(2XY/Z) What is Z in the above equation? A.Cost of placing an order B.Annual demand for the item of stock C.Cost of holding one unit of stock for one year D.The lead time between placing an order and receiving the goods 12.Which of the following is associated with the problem of "overtrading"? A.Higher-than-normal earnings per share B.Higher-than-normal sales to capital employed ratio C.Lower-than-normal gearing ratio D.Lower-than-normal stock turnover ratio 13.Investors have an expected rate of return of 8%from ordinary shares in Algol Ltd,which have a beta of 1.2.The expected returns to the market are 7%. What will be the expected rate of return from ordinary shares in Rigel Ltd,which have a beta of1.8? A.90% 第5页共14页公司理财 D. the cost of loan capital will increase. 10. A study of the shares of companies listed on a particular stock market found that: (i) share prices were independent of past share price movements and followed a random path. (ii) some investors used the published accounts of the companies to analyse performance and, by doing so, made abnormal gains over many years. Which of the following would be consistent with these findings? A. The stock market is inefficient B. The stock market is efficient in the weak form C. The stock market is efficient in the semi-strong form D. The stock market is efficient in the strong form 11. The economic order quantity (EOQ) for stocks can be calculated by using an equation of the form: EOQ = (2XY / Z) What is Z in the above equation? A. Cost of placing an order B. Annual demand for the item of stock C. Cost of holding one unit of stock for one year D. The lead time between placing an order and receiving the goods 12. Which of the following is associated with the problem of “overtrading”? A. Higher-than-normal earnings per share B. Higher-than-normal sales to capital employed ratio C. Lower-than-normal gearing ratio D. Lower-than-normal stock turnover ratio 13. Investors have an expected rate of return of 8% from ordinary shares in Algol Ltd, which have a beta of 1·2. The expected returns to the market are 7%. What will be the expected rate of return from ordinary shares in Rigel Ltd, which have a beta of 1.8? A. 9·0% 第 5 页 共 14 页