Chapter 05 Introduction to Risk, Return, and the Historical ：05章介绍风险，回报，和历史.doc

Chapter 05 Introduction to Risk, Return, and the Historical Record ? Multiple Choice Questions? 1.?Over the past year you earned a nominal rate of interest of 10 percent on your money. The inflation rate was 5 percent over the same period. The exact actual growth rate of your purchasing power was?A.?15.5%.B.?10.0%.C.?5.0%.D.?4.8%.E.?15.0%. ? 2.?Over the past year you earned a nominal rate of interest of 8 percent on your money. The inflation rate was 4 percent over the same period. The exact actual growth rate of your purchasing power was?A.?15.5%.B.?10.0%.C.?3.8%.D.?4.8%.E.?15.0%. ? 3.?A year ago, you invested $1,000 in a savings account that pays an annual interest rate of 7%. What is your approximate annual real rate of return if the rate of inflation was 3% over the year??A.?4%B.?10%C.?7%D.?3%E.?6% ? 4.?A year ago, you invested $10,000 in a savings account that pays an annual interest rate of 5%. What is your approximate annual real rate of return if the rate of inflation was 3.5% over the year??A.?1.5%B.?10%C.?7%D.?3%E.?1% ? 5.?If the annual real rate of interest is 5% and the expected inflation rate is 4%, the nominal rate of interest would be approximately?A.?1%.B.?9%.C.?20%.D.?15%.E.?7%. ? 6.?If the annual real rate of interest is 2.5% and the expected inflation rate is 3.7%, the nominal rate of interest would be approximately?A.?3.7%.B.?6.2%.C.?2.5%.D.??1.2%.E.?4.3%. ? 7.?You purchased a share of stock for $20. One year later you received $1 as a dividend and sold the share for $29. What was your holding-period return??A.?45%B.?50%C.?5%D.?40%E.?32% ? 8.?You purchased a share of stock for $30. One year later you received $1.50 as a dividend and sold the share for $32.25. What was your holding-period return??A.?12.5%B.?12.0%C.?13.6%D.?11.8%E.?14.1% ? 9.?Which of the following determine(s) the level of real interest rates? I) The supply of savings by households and business firms.II) The demand for investment fund