第26題
　　An analyst develops the following probability distribution of returns for a stock based on three potential states of the market:The expected return and standard deviation for the stock are closest to
　　1、9.75% and 5.66%, respectively.
　　2、9.75% and 7.52%, respectively.
　　3、8.00% and 7.00%, respectively.
　　4、9.00% and 7.52%, respectively.
　　第27題
　　Under rational market conditions, which of the following investments would most likely have the most conservative rate of return?
　　1、US government bonds
　　2、Conservative growth stocks
　　3、US Treasury bills
　　4、Corporate bonds
　　第28題
　　What is the required rate of return for a stock with a beta of 1.3, when the risk-free rate is 5% and the market rate of return is 11%?
　　1、14.30%
　　2、11.00%
　　3、19.30%
　　4、12.80%
　　第29題
　　A firm wants to hedge the risk that market value of a corporate bond may fall. Which of the following actions should the firm take?
　　1、Buy a call option on a Treasury bond.
　　2、Buy a forward contract on a Treasury bond
　　3、Sell a forward contract on a Treasury bond.
　　4、Sell a put option on a Treasury bond.
　　第30題
　　What is a primary difference between stock splits and cash dividends?
　　1、Stock splits are usually paid quarterly; cash dividends are awarded annually.
　　2、Stock splits do not result in any taxable gain or loss; cash dividends are taxable.
　　3、Cash dividends are usually paid quarterly; stock splits are awarded annually.
　　4、Cash dividends do not result in any taxable gain or loss; stock splits are taxable.
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