2014年对外经贸大学815经济学综合真题解析
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2014年对外经贸大学815经济学综合真题解析
Diversification-reducting the risk of loss in a client’s total portfolio by investing funds in several different securities,so a loss experienced by any one will not affect the entire portfolio.
A portion of a profolio might be in investment-grade corporate bonds,and a portion might be in common stocks.Likewise,owing stock in ten large corporratins provides greater safety through diversification than owing the stock of only one small technology company.The loss of one stock might be offset by one or more other stocks.A portfolio might also be structured to provide a desired rate of return,the percentage gain or intrest yield on investments.For example,an investment-grade corporate bond might pay7percent interest but provide all expected capital gain of only2percent,whereas a growth stock might be expected to a capital gain of14 percent but pay no dividend.