单选题All else equal, will a decrease in the expected rate of inflation result in a decrease in the:
Real risk-free of return Nominal risk-free rate of return
①A. Yes No
②B. Yes Yes
③C. No Yes
A. ①B. ②C. ③
单选题All else being equal, an increase in the price of one product will most likely cause the demand curve of the product's supplement to: A. Remain unchanged. B. Shift upward and to the right. C. Shift downward and to the left.
单选题Consider a quarterly-pay currency swap where Party A pays London Interbank Offered Rate (LIBOR) on $1000000 and Party B pays 4 percent on 900000 euros. Current LIBOR is 3 percent and at the end of 90 days it is 4 percent. Which of the following statements regarding the first settlement date is TRUE? A. Party A must make a payment of $10000. B. The payments net to zero and no payment is made. C. Party A must make a payment of $7500.
单选题The financial statement that would be most helpful to an analyst in understanding the changes that have occurred in a companys retained earnings over a year is the statement of:
单选题Which of the following statement about the normal distribution is FALSE?（ ）
单选题Which of the following statements about intangible assets is least
likely correct?
A. Generally, internally produced intangible assets are not reported on the
balance sheet.
B. In most countries, research and development costs are capitalized.
C. Intangible assets are reflected at their purchase prices when acquired
from an outside entity.
单选题Holding the quantity of labor constant, output increases as the quantity of capital increases, but at a decreasing rate. This phenomenon is most accurately described as: A. diminishing marginal costs of capital. B. diminishing marginal returns to labor. C. diminishing marginal product of capital.
单选题An investor buys a stock at $90 and also buys a put option on the stock with a put price of $4 and having an exercise price of $80. At expiration of the put option, the stock price has fallen to $60. The loss for the investor's position would be :
单选题Consider the following information in relation to a portfolio composed of Fund A and Fund B:
Fund A
Fund B
Portfolio weights(%)
70
30
Expected returns(%)
10
16
Standard deviations(%)
7
13
Correlation between the returns of Fund A and FundB
0.80
The portfolio standard deviation of returns is closest to:
单选题For the last four years, the returns for XYZ Corporation's stock have
been 10.4%, 8.1%, 3.2%, and 15.0%. The equivalent compound annual rate is:
A.9.1%.
B.8.9%.
C.9.2%.
单选题A firm has an expected dividend payout rate of 70% and an expected
future growth rate of 4%. What should the firm's price-to-earnings (P/E) ratio
be if the required rate of return on stocks of this type is 15%?
A. 4.27
B. 6.36
C. 12.18
单选题Assume that the expected dividend growth rate (g) for a firm decreased from 5% to zero. Further, assume that the firm's cost of equity (k) and dividend payout ratio will maintain their historic levels. The firm's P/E ratio will most likely: A. become undefined. B. increase. C. decrease.
单选题The value of an hour"s labor in terms of goods and services is called:
单选题A technical analyst has detected a price chart pattern with three segments
单选题Securitization is beneficial for banks because it（ ）
单选题Sue Wilkins buys one corn futures contract at $3.00 per bushel (one contract is for 5000 bushels). The initial margin requirement is 10 percent of the total contract purchase price, and the maintenance margin level is 65 percent. What is the amount of the per bushel price decline that will require a maintenance margin call to Wilkins?
单选题From the perspective of the bondholder, which of the following pairs
of options would add value to a straight (option free) bond?
A. Put option and conversion option.
B. Call option and conversion option.
C. Prepayment option and put option.
单选题General, Inc. , has net income of $ 650000 and one million shares outstanding. The profit margin is 6 percent and General, Inc. , is selling for $ 30.00. The price/sales ratio is equal to: A. 2.77. B. 10.83. C. 0.06.
单选题Which of the following will most likely result in an increase in a companys sustainable growth rate?
单选题The following data pertain to the total output in units and average selling prices in an economy that produces only two products, X and Y:
If the implicit price deflator for GDP in 2011 was 100, for 2012 it is closest to: