Hong Kong University of Science and Technology
FINA 3104: Investment Analysis and Portfolio Management
Fall 2014
Instructor: Prof. Darwin Choi
Midterm Examination
Date: October 23, 2014
Registered Lec
Midterm Review
FINA 3104: Investment Analysis and
Portfolio Management
The Hong Kong University of
Science & Technology
Fei Ding
Midterm Announcements
Midterm Exam: Friday Mar. 27 in class
You MUST co
Hong Kong University of Science and Technology
December 10, 2013
Investment Analysis (FINA3104)
Final-Term Exam (combined)
Note: all the data, numbers are annualized
Question 1 (15 points) CAPM
Stocks
Hong Kong University of Science and Technology
December 10, 2013
Investment Analysis (FINA3104)
Final-Term Exam
Note: all the data, numbers are annualized
Question 1 (5points) Efficient Market Hypothe
Hong Kong University of Science and Technology
October 16, 2013
Investment Analysis (FINA3104)
Mid-Term Exam
Note: all the data, numbers are annualized
Question 1 (15points) Buying on Margin
You want
Fixed Income Sample Exam Questions
1. If zero rates (also known as discount rates) are positive for any maturity, the
discount function dt, which gives the present value of a dollar receivable at time
Hong Kong University of Science and Technology
FINA 3104: Investment Analysis and Portfolio Management
Fall 2011
Instructor: Prof. Darwin Choi
Midterm Examination
Date: October 24, 2011
Registered Lec
Factor and Index Models
FINA 3104: Investment Analysis and
Portfolio Management
The Hong Kong University of
Science & Technology
Fei Ding
Recap from Last Lecture
CAPM In Brief Implications & Uses
CAPM
FINA3104
Investment analysis and portfolio
management
Homework 1
Wong Tsz Hin Janson 20041608
Problem 1:
(A)i)
ii)
iii)
iv)
(C) The calculation in part(b) ignores dividend yield which is one important
Hong Kong University of Science and Technology
FINA 3104: Investment Analysis and Portfolio Management
Fall 2013
Instructor: Prof. Darwin Choi
Midterm Examination
Date: October 24, 2013
Registered Lec
Hong Kong University of Science and Technology
FINA 3104: Investment Analysis and Portfolio Management
Fall 2012
Instructor: Prof. Darwin Choi
Homework Assignment 1 Empirical Properties of Returns & R
Exam Review (I)
FINA3104 Investment Analysis and
Portfolio Management
Francis Lau
Department of Finance
All rights reserved.
Page-2
Question 1
If you believe in the
form of the
Efficient Market Hypot
Hong Kong University of Science and Technology
October 24, 2011
Investment Analysis (FINA3104)
Mid-Term Exam
Note: all the data, numbers are annualized
Question 1 (15
THE HONG KONG UNIVERSITY OF SCIENCE AND TECHNOLOGY
FINA 3104: Investment Analysis and Portfolio Management
Spring 2013
Homework Assignment 4 Fixed-Income Securities and Futures Market
Due by May 8, 20
Hong Kong University of Science and Technology
FINA 3104: Investment Analysis and Portfolio Management
Fall 2013
Instructor: Prof. Darwin Choi
Midterm Examination
Date: October 24, 2013
Registered Lec
Hong Kong University of Science and Technology
FINA 3104: Investment Analysis and Portfolio Management
Fall 2012
Instructor: Prof. Darwin Choi
Midterm Examination
Date: October 30, 2012
Registered Lec
FINA 3104 Practice Problems
Fall 2011
Portfolio Performance Evaluation (Suggested Solution)
1. True or False
(a) Suppose two portfolios have the same average return, the same standard deviation of
ret
FINA 3104 Practice Problems
Fall 2011
Fixed-Income Securities (Suggested Solution)
1. True or False
(a) A coupon bond that pays interest semi-annually is selling at par value and has a coupon
rate of
HONG KONG UNIVERSITY OF SCIENCE AND TECHNOLOGY
FINA 3104: Investment Analysis and Portfolio Management
Spring 2013
Homework Assignment 1 Empirical Properties of Returns and Returns Utility
Due by 27 F
Hong Kong University of Science and Technology
FINA 3104: Investment Analysis and Portfolio Management
Fall 2012
Instructor: Prof. Darwin Choi
Homework Assignment 3 Evaluating Fund Managers
Suggested
Hong Kong University of Science and Technology
FINA 3104: Investment Analysis and Portfolio Management
Fall 2012
Instructor: Prof. Darwin Choi
Homework Assignment 2 Testing the CAPM/ Single-Index Mode
Lecture 13, Supplementary File
Review, Linear Regression
Simple linear regression:
model: y = 0 + 1 x + , N(0, 2 );
observations: (x1 , y1 ), , (xn , yn )
Least squares point estimates of 0 (interce
FINA 3104:
Investment Analysis and Portfolio Management
Lecture 21
Options Valuation
Yingying LI
May 4, 2016
Outline of Todays Lecture
Put-Call Parity
Determinants of Call Prices
2
Payoffs
Consider t
Lecture 19, Supplementary File (Optional), Covexity
Convexity
Lecture 19,
Supplementary File
(Optional),
Covexity
Because the price-yield relationship is convex, we need
the convexity adjustment.
Pr
FINA 3104:
Investment Analysis and Portfolio Management
Lecture 9
The Capital Asset Pricing Model (CAPM)
Yingying LI
March 14, 2016
Course Intended Learning Outcomes
Once you have completed this cour
FINA 3104:
Investment Analysis and Portfolio Management
Lecture 20
Options Markets
Yingying LI
April 27, 2016
Outline of Todays Lecture
Option Basics
Option Payoffs
Options as Building Blocks
2
Optio
FINA 3104:
Investment Analysis and Portfolio Management
Lecture 16
The Efficient Market Hypothesis
and Behavioral Finance (continued)
Yingying LI
April 13, 2016
Outline of Todays Lecture
EMH, Implica