证券投资分析作业1-4答案 名词解释有价证券 系统性风险 证券公司 QFII 个人投资者二，单项选择题1.上海证券交易所成立于().A 1991年6月 B1990年6月 C1990年12月 D1990年12月。
证券投资习题，财务管理习题，高手帮忙 （1）A的投资报酬率=8%1.2*（16%-8%）=17.6%A内在价值=2*（1+10%）/（17.6%-10%）=2.2/7.6%28.9>；25，可以购入A股票如果购入，预期报酬率=2*（1+10%）/25+10%2.2/25+10%18.8%（2）B的投资报酬率=8%1*（16%-8%）=16%B第一年股利=2.8*（1+18%）=3.3B第二年股利=3.3*（1+18%）=3.9B第三年股利=3.9*（1+12%）=4.37B内在价值=3.3/（1+16%）+3.9/（1+16%）^2+[4.37/（16%-12%）]/（1+16%）^2=86.93B股票的最高购入价格是86.93元
请用英文回答几个证券投资方面的问题 1.Market efficiency and arbitrage，and their consequences for judging portfolio management performance这个问题是问市场效率和套利空间状况及其对资产组合管理效果的影响，回答可以是If the market is efficient and there is huge room for arbitrage，the portfolio should be flexible so that it could be adjusted quickly to grasp market chances.Though it may pose challenges for portfolio management，the possibility of achieving high returns is also getting bigger.2.Use of derivatives(futures and options)in portfolio management；identification of option components in various economic contracts.这好像不是问题，意思是在资产组合管理中衍生产品（例如期货和期权）的运用以及不同类型合约中期权类别.Futures and options are very important in portfolio management because derivatives can greatly reduce risk exposure in a given portfolio.In China，no matter in what economic contracts，call option is always the choice as short-selling is still banned in China.3.International aspects of portfolio management.这个是说。
