行为金融学4
更新时间:2024-04-17 19:19:01 阅读量: 综合文库 文档下载
Chapter 4: Discussion Questions and Problems
1. Differentiate the following terms/concepts:
a. Momentum and reversal
With momentum we observe positive correlation in returns, whereas with reversal we observe negative correlation in returns.
b. Value and growth stocks
Stock prices for value stocks are low relative to accounting measures such as earnings, cash flow, or book value, whereas stock prices for growth (or glamour) stocks are low relative to earnings, cash flow, and book value, at least in part because the market anticipates high future growth.
c. Fundamental risk and noise-trader risk
Fundamental risk arises because of the potential for rational revaluation as new
information arrives and noise-trader risk arises because mispricing can become more severe in the short run.
d. Carve-out and stub value
A carve-out is an offering of shares in a subsidiary company. Stub value is the implied stand-alone value of the parent company without the subsidiary.
2. Refer back to the set of exchange rates in the “Support 3: There are no limits to arbitrage” section earlier in the chapter. Describe a profitable arbitrage strategy if x = 105.
The trick is to go the correct direction around the triangle. Since $1 should only get you ¥102.85, take $1 and convert to ¥105. Then convert to
正在阅读:
行为金融学404-17
2019幼儿园园长新年致辞2篇02-22
自主招生报名常见问题_2019届参考02-23
仙剑奇侠传五前传攻略(全篇) - 图文03-08
2019人大精准扶贫报告:摘要部分02-23
消防工程合同书2019新 doc03-05
2019年党员目标管理责任书02-23
学校2019年度工作总结02-26
2005度邯郸市第一中学11-09
- 清真菜谱
- 我国国民经济和社会发展十二五规划纲要(全文)
- 高三物理机械振动和机械波复习2
- 浙江省公路山岭隧道机械化装备应用指导手册 doc - 图文
- 2018届高三数学文科二轮复习:专题检测(九) 导数的简单应用
- 2015年上海市公务员录用考试《行政职业能力测验》试卷(B类)
- 七年级道德与法制下册
- 大班户外游戏教案
- 病虫害预警 - 图文
- 某养鱼场为了提高经营管理水平
- 汉中市勉县尧柏余热汽机规程 10
- 烹饪试卷
- 事业单位考试公共基础知识专项分类题库训练
- 语文:第2课 走一步,再走一步 课堂导学案(人教版 七上)
- 天汉使用手册
- 人教版小学三年级数学下册教学计划
- 房地产销售管理完全操作手册122页
- 2009年评审通过具有中学高级教师专业技术资格人员名单...
- 《15秋公共关系学》作业1
- 2017最新版监理公司三标一体管理手册
- 金融学
- 行为