07.单选题 已收藏 标记 纠错 Which of the following best describes the majority of the evidence regarding anomalies in stock returns? A Weak-form market efficiency holds but semi-strong form efficiency does not. B Neither weak-form nor semi-strong form market efficiency holds. C Reported anomalies are not violations of market efficiency but are the result of research methodologies. 查看解析 上一题 下一题 正确答案C 您的答案A本题平均正确率：77% Behavioral finance definition and classification难度：一般 推荐：      答案解析 The majority of evidence is that anomalies are not violations of market efficiency but are due to the research methodologies used. Portfolio management based on anomalies will likely be unprofitable after costs are considered. 问：解析没有听明白，可否再解释一下

外部基金经理是什么意思呀？

第二个打对号的长句是什么意思呀？希望能用汉语翻译一下，翻译整个句子

05.单选题 收藏 标记 纠错 The value effect market-pricing anomaly most likely occurs when stocks that have below-average price-to-earnings and market-to-book ratios, as well as above-average dividend yields, consistently outperform: A large-cap stocks. B growth stocks. C stocks that have had negative earnings surprises. 问： 1. value effect market-pricing anomaly 这一串英文整个 是行为金融学中 市场异常的一种是吧？整个是一个术语？ 2.对于这个异常我一直没有太理解：正常情况下，成长股应该好于价值股，但是现在反过来了，所以视作一种异常。是不是这样理解？ 请逐次回答 谢谢

这个的收益率怎么计算，不是用每期的期末减去期初，除以期初得到费率再加权平均吗？

配额是针对出口还是进口？

这里计算的应该D1/P0+g-rf应该是贝塔乘以Rm-Rf，而不应该是ERP

05.单选题 收藏 标记 纠错 Which of the following security market will result in highest arbitrage activity? A Market efficiency. B With no restrictions on short selling. C With high information-acquisition costs. 查看解析 上一题 下一题 正确答案B 您的答案C本题平均正确率：44% Contrast weak form, semi-strong form, strong form market efficiency难度：一般 推荐：      答案解析 Short selling helps in price discovery. Arbitrageurs benefit from pricing discrepancies (inefficiencies); therefore, arbitrage activity will be higher in markets with no restrictions on short selling. 问： B.是能够使市场更有效，所以应该是降低套利啊？ C.是让信息获取的成本变高，即增加了信息不对等的可能性，才有机会套利啊？ 所以我认为选C

基金经理主要是做什么的？

老师你好，请问这道题在计算deltaP%的时候，为什么分子是4.57啊，公式的分子不是breakeven price- current price吗？ breakeven price是4.57，不是应该还要减去一个current price50，再除以分母current price50吗？