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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
2-11Â Â Â Â Â Briefly explain what is meant by the term efficiency continuum.
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2-12Â Â Â Â Â Explain whether the following statements are true or false.
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a.       Derivative transactions are designed to increase risk and are used almost exclusively by speculators who are looking to capture high returns.
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b.      Hedge funds typically have large minimum investments and are marketed to institu- tions and individuals with high net worths.
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c.       Hedge funds have traditionally been highly regulated.
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d.      The New York Stock Exchange is an example of a stock exchange that has a physical location.
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e.       A larger bid-ask spread means that the dealer will realize a lower profit.
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f.        The efficient markets hypothesis assumes that all investors are rational.
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