2007 - Name: ID number: 2 True / False Questions (50 points...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Name: ID number: 2 True / False Questions (50 points in total) Please fill in the correct answer on the supplied computer form! Do not give your answer to the T/F questions here! Ignore the question mark, if provided. 1. Direct Real Estate has a major role on the liability side of a pension fund. TRUE / FALSE 2. According to Eichholtz (1996), international diversification works better for p r o p e r t y s h a r e s t h a n f o r s t o c k s a n d b o n d s . TRUE / FALSE 3. Foreign investors usually have less information on direct real estate markets than local players do. TRUE / FALSE 4. According to Eichholtz (1996), the international correlations among indirect real estate returns are somewhere between those of bond returns and common stock r e t u r n s . TRUE / FALSE 5. A mortgage is a debt asset in a private market. TRUE / FALSE 6. Asset backed securities are equity assets in a public market. TRUE / FALSE 7. The market approach leads to better results than the CAPM approach for real e s t a t e . TRUE / FALSE 8. The advantage of property shares is the low correlation to equity returns. TRUE / FALSE 9. Demographic changes will first affect the housing market, then the office market. TRUE / FALSE Name: ID number: 3 10. The shares of open-end funds trade at prices that can differ from net asset value ( N A V ) . TRUE / FALSE 11. Closed-end fund shares usually trade above NAV. TRUE / FALSE 12. The offering price of a share in an open-end fund cannot exceed NAV. TRUE / FALSE 13. Back-end loads are periodically deducted from the assets of a fund. TRUE / FALSE 14. Investors are not explicitly billed for 12b-1 charges. TRUE / FALSE 15. The prices of Exchange Traded Funds (ETF) can depart from NAV. TRUE / FALSE 16. Charging redemption fees if a mutual fund is sold within 5 days of purchase will limit the impact of late trading using stale prices. TRUE / FALSE 17. Based on Otten & Bams (2002), European small-cap funds are able to add value. TRUE / FALSE 18. European mutual funds profit from economies of scale, according to Otten & Bams (2002). TRUE / FALSE 19. Long Term Capital Management (LTCM) described itself as a fixed income arbitrage hedge fund. TRUE / FALSE Name: ID number: 4 20. The first hedge funds mainly intended to hedge against the likelihood of a declining market. TRUE / FALSE 21. A typical convertible arbitrage strategy is to be long in the bond and short in the stock of the same company....
View Full Document

This note was uploaded on 11/06/2011 for the course ECONOMICS ebc2034 taught by Professor Vaartjes during the Spring '11 term at Maastricht.

Page1 / 8

2007 - Name: ID number: 2 True / False Questions (50 points...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online