Investments Flashcards
1
Q
Geometric mean is also called ___.
A
Time-weighted return
2
Q
What type of return is typically used to evaluate portfolio managers?
A
Time-weighted return
3
Q
Dollar weighted return uses ____ in the calculation.
A
Cash flow
4
Q
Time weighted return uses ____ in the calculation.
A
Percentages
5
Q
What is a dollar-denominated bond issued in the US by foreign banks and corporations?
A
Yankee bond
6
Q
Characteristics of UITs
A
They have UNITS, NOT SHARES
7
Q
Bond’s current yield
A
Annual interest / market price
8
Q
Margin call formula
A
(1 - initial margin %)/(1 - maintenance margin %) x purchase price
