1. (Multiple-choice questions) Company A invests in a securities asset, and at the end of each year, it can get the corresponding cash income at the nominal interest rate of 6%. Assuming that the inflation rate is 2%, the real interest rate of the securities assets is ().

A.3.88%

B.3.92%

C.4.00%

D.5.88%

2. (Multiple choice questions) The lowest rate of return that investors can reasonably ask for an asset is called ().

A. Real rate of return

B. Necessary rate of return

C. Expected rate of return

D. risk-free rate of return

3. (Multiple choice questions) When selecting assets, the following statement is true ().

A. When the expected rate of return is the same, risk evaders will choose the one with less risk.

B. If the risks are the same, there will be no choice for risk evaders.

C if the risks are different, for risk neutrals, the ones with high expected returns will be chosen.

D. When the expected rate of return is the same, the risk pursuer will choose the risky one.

4. (Multiple-choice questions) The average asset occupation of enterprise A last year was 50 million yuan, of which the unreasonable part was 7 million yuan. It is estimated that the sales will increase by 8% and the capital turnover will accelerate by 3% this year. It is predicted that the capital demand this year is () ten thousand yuan.

A.4834.98

B.4504.68

C.4327.96

D.3983.69

5. (Multiple choice questions) The total sensitive assets and liabilities of Ding Company in 20 16 years were 26 million yuan and 8 million yuan respectively, and the sales income was 50 million yuan. The company expects that the sales revenue will increase by 20% in 20 17, the net profit rate of sales will be 8%, and the dividend payment rate will be 40%. Then the company uses the sales percentage method to predict that the demand for additional funds from outside in 20 17 years is () ten thousand yuan.

A.3 12

B.93.33

C.72

D. 160

Reference answer and analysis

1.B。

Answer analysis: This question examines the conversion relationship between the real interest rate and the nominal interest rate. The real interest rate =( 1+ nominal interest rate) /( 1+ inflation rate)-1= (1+6%)/(1+2%).

2.B。

Analysis of the answer: The necessary rate of return, also known as the minimum necessary rate of return or the minimum required rate of return, represents the minimum rate of return that investors can reasonably demand for an asset, and the necessary rate of return is equal to the risk-free rate of return plus the risk rate of return. The actual rate of return refers to the realized or determined achievable rate of return on assets. Expected rate of return refers to the expected rate of return of an asset in the future under uncertain conditions.

3.ACD。

Answer analysis: the attitude of risk avoiders in choosing assets is: when the expected rate of return is the same, they prefer assets with low risk; For assets with the same risk, they prefer assets with high expected returns. Option A is correct and option B is incorrect. The attitude of risk pursuers towards risk is just the opposite to that of risk avoiders. Therefore, option D is correct. For risk neutrals, the only criterion for choosing assets is the expected return, regardless of the risk situation. Therefore, option C is correct.

4.B。

Answer analysis: Forecast the annual capital demand =(5000-700)? ( 1+8%)? (1-3%)=4504.68 (ten thousand yuan).

5.C。

Answer analysis: Need to add funds from outside =5000? 20%? (2600/5000-800/5000)-5000? ( 1+20%)? 8%? (1-40%)=72 (ten thousand yuan).

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