speculative shares are shares… 1. With a low beta regardless of the nature of the economy 2. With high beta whose rise and fall is more pronounced in bull and bear markets 3. Which are overpriced whose returns might be abnormally low because of their

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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speculative shares are shares…
1. With a low beta regardless of the nature of the economy
2. With high beta whose rise and fall is more pronounced in bull and bear markets
3. Which are overpriced whose returns might be abnormally low because of their
overevaluation.
4. Which are under-priced whose returns might be abnormally high because of their
undervaluation.

 market value added (MVA) is expressed as MVA is equal to…
1. Total debt plus total capital
2. Total capital minus total value
3. Total value minus total capital
4. Total capital plus total value

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