"quantity"exercise: Technical Analysis
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Questions 1:
Compared with the occurrence of fundamental developments related to a company, when do technical analysts believe that related security price movements
are most likely to arise?
A 、After
B、 Before
C、 Simultaneously
Questions 2:
If the stated annual interest rate is 9% and the frequency of compounding is
daily, the effective annual rate (EAR) is closest to:
A 、9.00%.
B 、9.86%.
C 、9.42%.
B is correct. Technicians believe that security price movements occur before fundamental developments of a company unfold and before they are reported to the public.
A is incorrect. Technicians believe that security price movements occur before, not after, fundamental developments unfold—certainly before they are reported.
C is incorrect. Technicians believe that security price movements occur before, not at the same time as, fundamental developments unfold—certainly before they are reported
C is correct. EAR = (1 + periodic interest rate)m – 1 = [1 + (0.09/365)]365 – 1 = 0.094162, rounded to 9.42%.
A is incorrect because it treats the stated rate and the EAR as equivalents.
B is incorrect; it is calculated using (9/365) × 4 = 0.09863
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