16.. __________ focus more on past price movements of a firm's stock than on the underlying determinants of future profitability.

A. Credit Analysis

B. Credit analysis. Funadamnetal Analysis. Systems analysts and Technical Analysts.

C. Technical Analysts

D. Systems Analysts

E. Fundamental Analysts

15.. If you believe in the _______ form of the EMH, you believe that stock prices only reflect information that can be derived by examining market trading data such as the history of past stock prices, trading volume and/or short interest.

A. semistrong

B. None of the answers are correct

C. SemiStrong, Strong and Weak

D. Strong

E. Weak

14.. According to the Capital Asset Pricing Model (CAPM), which one of the following statements is FALSE?

A. The expected return of a security having a zero beta is zero.

B. A fairly priced security has an alpha of zero.

C. The fair value return of a security increases as its beta increases.

D. In equilibbrium all securities lie ont eh security market line.

E. It's possible for stocks to have either a positive or negative alphas but the alpha of the overall market is zero.

13.. Assets A & B have a standard deviation of 15% & 20% respectively and a correlation coefficient of 0.35.

The expected return of A is 18% and the expected return of B is 25%.

The market portfolio has a standard deviation of 18%.

The correlation between A and the market portfolio is 0.35.

The correlation between B and the market portfolio is 0.56.

What is the covariance between A & B?

A. .01575

B. .0105

C. .00635

D. .0068

E. cannot tell from the information above