- What determines the multivariate cumulative distribution, e.g. the distribution of rates of return on a portfolio of two or more shares? Does it depend only on the boundary distributions of individual variables?
- If, apart from investing in shares, we can also invest in a risk-free instrument (e.g. 3M Treasury bills), what is the efficient frontier on such a market? Is it linear and what does the shape of this border mean?
- If the R-square of the Security Market Line equation in the CAPM is 0.4, how much of the rate of return on shares is not explained by systematic risk?
- Suppose the yield curve is rising. Which is higher - zero coupon bond yield or fixed coupon bond yield? Why?
- Why is the yield curve falling at the long end (over 20 years)?

Where did you get these questions?

And why, as a Level I candidate, are you asking them in the Level III forum?