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单项选择题

Which of the following statements regarding margin accounts is TRUE

A. A margin call is issued only on short positions.
B. Margin accounts can be used to purchase securities by borrowing part of the purchase price.
C. Margin refers to the amount of funds the investor can borrow.
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单项选择题The DJIA is a biased measure and has been criticized. Which of the statements below regarding the bias and criticisms of a price-weighted series is false

A. Because it is price weighted, when companies have a stock split, their prices decline, and therefore their weight in the DJIA is reduced.
B. The weighting scheme causes a downward bias in the DJIA, because the stocks that have higher growth rates will have higher prices.
C. Because the series is price weighted, a high-priced stock carries more weight than a low priced stock.

单项选择题Many academics claim that a particular anomaly’s results reflect the inability of the asset pricing model to provide a complete measure of risk. Which of the following anomalies are the academics discussing

A. The size effect.
B. Stock splits.
C. The neglected firm effect.