Question

The translation is not very good, you can read Chinese

1 What is wrong in the securities evaluation?
① The purpose of securities evaluation is to discover the intrinsic value or true value of securities.
②The more highly valued securities are, the higher the expected yield, the more they must be bought.
③The evaluation of stocks is more difficult than that of bonds, because dividends are uncertain and have no maturity.
④The securities evaluation theory pays more attention to the magnitude of risk than the profitability of securities.
To
2 What is the wrong sequence or content in the portfolio management process? To
①Investment portfolio planning→investment portfolio execution→investment portfolio evaluation and modification
②Set investment goals → Asset allocation → Capital allocation ③ Securities analysis → Securities selection → Appropriate portfolio selection ④ Investment performance measurement → Portfolio modification → Investment plan feedback
To
3 What is wrong in the difference between physical assets and financial assets? To
① Physical assets themselves create economic value, but financial assets do not.
② Physical assets are only included in the debit side of the balance sheet (left), while financial assets are not. ③ Physical assets will disappear artificially, but financial assets are not.
④ Physical assets are very developed in developed countries, but the more developed the financial assets, the more developed.
To
4 What can't be seen in the changes in the securities market environment in my country (South Korea)? To
① The rapid growth of HTS or MTS ② The surge of derivatives trading
③The progress of capital liberalization and internationalization ④The proportion of institutional investment increased

5 What is not the purpose of securities evaluation? To
①Discover intrinsic value ②Buy undervalued stocks
③The efficiency of asset allocation ④The value evaluation of enterprises in mergers and acquisitions
To
6 In the process of portfolio planning, what are the factors that are not considered when setting investment goals?
① Investment period ② Target rate of return ③ Asset allocation ④ Allowable risk
To
7What is wrong in the process of portfolio management? ...
① The target rate of return is determined by the risk-free rate of return plus the target risk premium.
② Asset allocation is a decision on the proportion of investment funds in risk-free assets and risk assets.
③ Securities analysis is the process of discovering the characteristics or true value of individual securities.
④Investment performance evaluation should also consider the actual rate of return and risk level.
To
8 Which of the following securities has the highest yield-high risk? To
①Ordinary shares ②Conversion securities ③Futures options ④Funds
To
9 Which of the following options is not a commodity related to stocks (equity)?
①ELS②MMF③ETT④ELW
To
10 What can not be regarded as a short-term financial commodity? To
① CD ② CP ③ ETF ④ CMA
To
11 Which of the following is not traded in the stock market like stocks? To
① ETF ② EIN ③ ELS ④ ELW

1证券评价中错误的内容是什么？
①证券评价的目的在于发现证券的内在价值或真实价值。
②越是高估值的证券，预期收益率越高，越要买入。
③股票评价比债券评价难，因为股息不确定，没有到期。
④证券评价理论比证券的收益力更重视风险的大小。

2投资组合管理过程中错误的顺序或内容是什么？  
①投资组合计划→投资组合执行→投资组合评估和修改
②设定投资目标→资产配置→资本配置③证券分析→证券选择→适当投资组合选择④投资业绩计量→投资组合修改→投资计划feedback

3实物资产和金融资产的差异中错误的内容是什么？
①实物资产本身创造经济价值，但金融资产不是。
②实物资产只计入资产负债表的借方(左)，而金融资产则不然。③实物资产会人为地消失其存在，但金融资产不是。
④实物资产在发达国家都很发达，但金融资产越发达国家越发达。

4我国（韩国）证券市场环境变化看不到的是？   
① HTS或MTS的快速增长②衍生商品交易的激增
③资本自由化和国际化进展④机构投资比重增加

5不是证券评价的目的是什么？  
①发现内在价值②被低估股票的买进
③资产配置的效率化④企业在并购中的价值评价

6在投资组合规划过程中，不是设定投资目标时考虑的因素是什么？
①投资期限②目标收益率③资产配置④允许风险

7投资组合管理过程中错误的内容是什么？   
①目标收益率由无风险收益率加上目标风险溢价来确定。
②资产配置是对投资资金在无风险资产和风险资产中占多大比重的决定。
③证券分析是发现个别证券特性或真实价值的过程。
④投资业绩评价要同时考虑实际收益率和风险水平。

8以下哪种证券是最高收益-高风险的？  
①普通股②转换证券③期货期权④基金

9下列选项中不是与股票(equity)相关的商品的是?  
①ELS②MMF③ETT④ELW

10不能被视为短期金融商品的是？
① CD ② CP ③ ETF ④ CMA

11以下哪一项不像股票一样在股市交易？  
① ETF ② EIN ③ ELS ④ ELW

Answer 1

1) The securities evaluation theory pays more attention to the magnitude of risk than the profitability of securities.

2)  Investment performance measurement → Portfolio modification → Investment plan feedback

3) Physical assets are only included in the debit side of the balance sheet (left), while financial assets are not.

4) The rapid growth of HTS or MTS

5)  The efficiency of asset allocation

6) Investment period

7) Asset allocation is a decision on the proportion of investment funds in risk-free assets and risk assets.

8) Ordinary shares

9) MMF

10) ETF