risk-return-portfolio — Principles of Finance Practice Questions

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  1. Using the Capital Asset Pricing Model (CAPM), calculate the cost of equity for a firm with a beta (β) of 1.2
  2. Using the Capital Asset Pricing Model (CAPM), what is the expected return of the stock?
  3. An investor holds a portfolio with a daily standard deviation of 1.5%. Using the parametric method, what is th
  4. What is the expected return of the portfolio?
  5. In the context of the Fama-French Three-Factor Model, what does the 'HML' factor represent?
  6. What is the expected return of the total portfolio?
  7. If the correlation between A and B is 0, what is the expected return of the portfolio?
  8. In market microstructure, what does 'Kyle's Lambda' measure?
  9. Based on Put-Call Parity, which of the following is true?
  10. If the correlation between the stocks is 0.3, what is the portfolio standard deviation?
  11. If the correlation between the two funds is 0.20, what is the portfolio standard deviation?
  12. If the continuously compounded risk-free rate is 4% and no dividends are expected, what is the theoretical pri
  13. What is the risk-neutral probability (p) of an upward move?
  14. If the market premium is 6%, the SMB premium is 2%, and the HML premium is 4%, what is the expected excess ret
  15. If the market risk premium is 6%, the SMB premium is 2%, the HML premium is 3%, and the risk-free rate is 4%
  16. According to put-call parity, what should the arbitrageur do?
  17. If the risk-free rate is 3%, the market risk premium is 6%, the SMB premium is 2%, and the HML premium is 4%
  18. What is the fair forward price?
  19. An investor calculates the Value at Risk (VaR) for a portfol… — If the daily 1% VaR is $2.5 million, what does
  20. In the context of Modern Portfolio Theory, what does 'Systematic Risk' represent?
  21. An investor holds 10,000 in a stock with a beta of 1.5 and 1… — What is the beta of this two-stock portfolio?
  22. Using Hamada's Equation, calculate the levered beta β_L for a target firm with a D/E ratio of 1.0 and a tax ra
  23. What is the continuous forward price of a stock currently trading at $50 with a 6-month delivery date, if the
  24. Using Hamada's equation and assuming a risk-free rate of 4% and an equity risk premium of 6%, what would the f
  25. What is the parity-implied value difference?
  26. When using the Capital Asset Pricing Model (CAPM) to find the required return on a stock, which of the followi
  27. Which of the following best describes 'Systematic Risk' in the context of Modern Portfolio Theory?
  28. Using the Brinson-Fachler decomposition for Quarter 1, calculate the total active return. Benchmark: Equity 70
  29. If its expected Return on Equity (ROE) is 15% and the cost of equity is 10%, what is the implied long-term gro
  30. What is the 'Beta' (β) of the overall market portfolio by definition?

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