问题 多项选择题

下列关于投资项目风险处置的调整现金流量法的说法正确的有( )。

A.在调整现金流量法下,折现率是指不包括非系统性风险,但包括系统性风险的折现率

B.现金流量的风险越大,肯定当量系数就越小

C.投资者越偏好风险。肯定当量系数就越大

D.通常肯定当量系数的确定与未来现金流量的标准差有关,但是标准差是估算的结果,很容易产生偏差

答案

参考答案:B,C,D

解析: 在调整现金流量法下,折现率是指无风险报酬率,既不包括非系统性风险也不包括系统性风险;现金流量的风险与肯定当量系数反方向变化:投资者越偏好风险,有风险的现金流量调整成的无风险现金流量就越大,即肯定当量系数就越大;通常肯定当量系数的确定与未来现金流量的风险程度有关,而标准差是量化风险的常用指标,标准差是估算的结果,很容易产生偏差。

问答题 简答题
单项选择题

Time spent in a bookshop can be most enjoyable, whether you are a book-lover or merely there to buy a book as a present. You may even have entered the shop just to find shelter from a sudden shower. But the desire to pick up a book with an attractive dust-jacket is irresistible. You soon become absorbed in some book or other, and usually it is only much later that you realize that you have spent far too much time there.

This opportunity to escape the realities of everyday life is, I think, the main attraction of a bookshop. There are not many places where it is possible to do this. A music shop is very much like a bookshop. You can wander round such places to your heart’s content. If it is a good shop, no assistant will approach you with the inevitable greeting: "Can I help you, sir" You needn’t buy anything you don’t want. In a bookshop an assistant should remain in the background until you have finished browsing. Then, and only then, are his services necessary.

You have to be careful not to be attracted by the variety of books in a bookshop. It is very easy to enter the shop looking for a book on, say, ancient coins and to come out carrying a copy of the latest best-selling novel and perhaps a book about brass-rubbing -- something which had only vaguely interested you up till then. This volume on the subject, however, happened to be so well illustrated and the part of the text you read proved so interesting that you just had to buy it. This sort of thing can be very dangerous. Booksellers must be both long suffering and indulgent.

There is a story which wei1 illustrates this. A medical student had to read a textbook which was far too expensive for him to buy. He couldn’t obtain it from the library and the only copy he could find was in his bookshop. Every afternoon, therefore, he would go along to the shop and read a little of the book at a time. One day, however, he was dismayed to find the book missing from its usual place and about to leave when he noticed the owner of the shop beckoning to him. Expecting to be reproached, he went toward him. To his surprise, the owner pointed to the book, which was tucked away in a corner. "I put it there in case anyone was tempted to buy it," he said, and left the delighted student to continue his reading.

It can be learned from the text that an assistant should offer you help()

A. as soon as you have entered the shop

B. just before you finish browsing

C. only when you have finished reading

D. when he leads you to a particular section