Deneme Sınavı Soruları

the covariance of the returns of securities.

the weighted average of the returns of securities.

the standard deviation of the returns of securities.

the addition of the returns of securities.

the variance of the returns of securities.

Timing

Investment

Aggressive policy

Hedging policy

Conservative policy

It is a model describing the relationship between the unsystematic risk of a security and expected returns

It is a model describing the relationship between the unsystematic risk of a security and unexpected returns

It is a model describing the relationship between the systematic risk of a security and unexpected returns

It is a model describing the relationship between the systematic risk of a security and expected returns

It is a model describing the relationship between risk-free asset and expected returns

The present value of future cash flows increases and the value of bond decreases.

10%

9%

8%

7%

6%

They are perfectly negatively correlated

They are perfectly positively correlated

They trade in the same index

Their proportion is 50% in the portfolio

The coefficient correlation between their returns is 0

It proposes a strategy by which the fluctuating part of the current assets are financed by the current liabilities.

Although working capital management focuses on short-term asset and liabilities, the relevant decisions indirectly determines the available funding for investments.

Working capital management has great significance for all companies, but it is more critical for smaller companies which have more restricted funding capabilities.

As a means of survival in the market place, timing and availability of the required funds is critical.

The availability of funds contributes to the activity level in the short- run and potential growth by realizing investments in the long-run.

EMH states that all publicly available information is fully reflected in prices.

EMH states that all privately and publicly available information is fully reflected in prices.

It should not be possible for investors using information from past price changes to obtain consistent excess profits.

It should not be possible for investors using publicly available information to obtain consistent excess profits.

Even insiders trading on their information (independent of legal and ethical considerations) are engaging in useless activities

Capital gains yield.

Maturity.

Dividends.

Face value.

Current yield.

New product development.

Basic financing.

Operational budgets for divisions.

Research and development.

Fixed investments.

Unexpected information

Systematic risk

Unsystematic risk

Expected return

Unexpected return

U.S. Small Stocks

U.S. Large Stocks

U.S. Long Term Corporate Bonds

U.S. Long Term Government Bonds

U.S. Treasury Bills

Expected return of individual securities

Standard deviation of individual securities

Correlation between securities

How each security would contribute to the portfolio return

The monetary amount of the portfolio 

(Net Income) / Average Shareholders’ Equity

Net Income / Average Total Assets

ROE – ROA

Gross Margin / Net Sales

Dividends / Net Income

25,000 units

32,000 units

10,000 units

30,000 units

20,000 units

Net Profit ; increased 

Net profit ; decreased 

Gross profit ; increased 

Gross profit ; decreased

Net profit margin ; decreased 

0.8

1.25

2.4

3

3.75

If sales rise by 3 % at the firm, then EBIT will rise by 1 %.

If EBIT rises by 3 % at the firm, then EPS will rise by 1 %.

If EBIT rises by 1% at the firm, then EPS will rise by 3 %.

If sales rise by 1% at the firm, then EBIT will rise by 3 %.

If sales rise by 1% at the firm, then EBIT will drop by 3 %.

1.369,33 TL

1.469,33 TL

1.569,33 TL

1.669,33 TL

1.769,33 TL

I, II, V

III, IV

I; IV, V

II, III, VI

II, IV, VI