投资学第7版Test Bank答案
24. U. S. mutual funds are restricted to holding no more than __________ of any publicly
traded corporation.
A) 1%
B) 5%
C) 10%
D) 25%
E) There is no restriction on percentage ownership.
Answer: B Difficulty: Moderate
Rationale: This restriction is intended to keep professional investors from getting
involved in the actual management of corporations.
25. Institutional investors will rarely invest in which of these asset classes?
A) bonds
B) stocks
C) cash
D) real estate
E) precious metals
Answer: E Difficulty: Moderate
Rationale: Institutional investors typically limit their holdings to the first four of these
asset classes.
26. For an individual investor, the value of home ownership is likely to be viewed
A) as a hedge against increases in rental rates.
B) as a guarantee of availability of a particular residence.
C) as a hedge against inflation.
D) both A and B.
E) all of the above.
Answer: D Difficulty: Moderate
Rationale: Real estate has not been shown to be an effective hedge against inflation.