1. Which of the following is not a typical component of an IPS?

1. Risk aversion
2. Investment constraints
3. Procedures of IPS updating
4. Performance evaluation

2. Which of the following statements is true?

1. ln(x) returns the same result as exp(x)
2. ln(x) returns the same result as ln(exp(x))
3. ln(exp(x)) returns the same result as (x)
4. ln(exp(x)) returns the same result as exp(x)

3. Which of the following is not a measure to help evaluate and select among projects?

1. PI
2. PBP
3. IRR
4. YTM

4. Which of the following statements about normal distribution is incorrect?

1. The tails of a normal distribution will get smaller and smaller and reaches zero eventually
2. The mean, median, and mode are all the same in a normal distribution
3. The skewness must be 0 and kurtosis must be 3 for a normal distribution
4. We can simply use mean and variance to identify different normal distributions

5. Which of the following is not a procedure of constructing a frequency distribution?

1. Define the intervals
2. Assign observations to the appropriate interval
3. Count the observations
4. Calculate the absolute frequency

6. An asset's contribution to a portfolio's return is determined by its:

1. Return
2. Weight and return
3. Weight
4. None of the listed choice

14) Which of the following statements is/are true?

I. A firms market value for the past two years is an example of a time-series data sample

II. The annual GDP of 200 countries for last year is an example of a panel data sample

III. The asset allocation of ten portfolios on 31 Dec, 2018 is an example of a cross-sectional data sample.

1. I only
2. I and III
3. II and III
4. I and II

7. Which of the following is least likely a factor used in the multifactor model?

1. Market value
2. Net income
3. Population
4. Unemployment rate