When arbitrage is absent from financial markets, and investors are each concerned with onl

y the risk and return to their portfolios, then each investor can eliminate all the riskiness of his investments through diversification, and as a consequence the expected yield on each available asset will depend only on the covariance of its yield with the covariance of the yield on the diversified portfolio of risky assets each investor holds.

提问人：网友yuquan0821 发布时间：2022-01-06

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更多“When arbitrage is absent from …”相关的问题

第1题

Which of the following statements regarding arbitrage and security prices is INCORRECT?

A、We call the price of a security in a normal market the no-arbitrage price for the security.

B、In financial markets it is possible to sell a security you do not own by doing a short sale.

C、When a bond is underpriced, the arbitrage strategy involves selling the bond and investing some of the proceeds.

D、The general formula for the no-arbitrage price of a security is Price(security) = PV(All cash flows paid by the security).

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第2题

套利(arbitrage)

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第3题

In order for the payment to occur, ______ has to present the necessary shipping documents confirming the delivery of goods within a given time frame.

A、A) the buyer

B、B) the seller

C、C) the issuing bank

D、D) the advising bank

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第4题

选词填空【fiat money, multiplier effect, arbitrage, spot exchange rate, financial market, financial intermediary, original maturity, opportunity cost, recession, remittance】 ___________ the simultaneous buying and selling of the same foreign exchange in two or more markets to take advantage of price differentials.

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第5题

选词填空【fiat money, multiplier effect, arbitrage, spot exchange rate, financial market, financial intermediary, original maturity, opportunity cost, recession, remittance】 ___________ the rate of a foreign-exchange contract for immediate delivery.

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第6题

If arbitrage ensures that any three currencies are freely convertible in competitive markets, then:_________ 如果套利确保在竞争市场中任意三种货币均可自由兑换，则：_________

A、it is enough to know only one exchange rate to determine the third （只知道一个汇率就可以确定第三个汇率）

B、we can estimate two exchange rates based on one exchange rate only （我们只能根据一种汇率估算两种汇率）

C、it is necessary to know all three rates （有必要了解全部三个比率）

D、it is enough to know the exchange rates between any two in order to determine the third （知道任意两个之间的汇率就足以确定第三个）

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第7题

What is the average foresting rate of the world in 2011 with respect to 1990？

A、～90%

B、～70%

C、～50%

D、--

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第8题

The fact that over 85% of active fund managers have performed better than the S&P 500 over the last 20 years is the evidence supporting the validity of CAPM.

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第9题

Hedger always use future contract to reduce risk while speculator are not trying to reduce their risk exposure.

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