AWMA Exam Study Questions and Answers – Updated 2024
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Course
Awma
Institution
Awma
AWMA Exam Study Questions and
Answers – Updated 2024
Capital Market Line - Answer-A graphical representation of the relationship between risk
and return, where risk is measured by standard deviation; the CML includes the concept of a
risk-free rate of return
Jenson Performance index - Answer...
AWMA Exam Study Questions and
Answers – Updated 2024
Capital Market Line - Answer✔✔-A graphical representation of the relationship between risk
and return, where risk is measured by standard deviation; the CML includes the concept of a
risk-free rate of return
Jenson Performance index - Answer✔✔-Used in comparing performance money managers on a
risk-adjusted basis and can be used by itself. A number above 0.00 indicates the manager had
better performance than would be expected given the risk he took... vice versa
How are Treynor and Sharpe indexes best used? - Answer✔✔-Both are used to compare the risk
- adjusted returns on diff funds. The higher the risk-adjusted return, the better. The key diff is
that Treynor uses Beta as its risk measure, so Treynor can only be used with fully diversified
portfolios. Sharpe, uses Standard deviation (total risk) as its measure of risk so can only be used
with either fully diversified or nondiversified portfolios
Benefits of Buy and hold - Answer✔✔-returns at least as good as strategies based on technical
analysis, low transactional costs, the deferral of capital gains taxes on profits, not missing the
best days of the market
Property' value - Answer✔✔-NOI/Cap Rate
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