单选题A portfolio of options had a return of 22 percent with a standard
deviation of 20 percent. If the risk - free rate is 7.5 percent, what is the
Sharpe ratio for the portfolio?
A. 0.725.
B. 0.147.
C. 0.267.
单选题Which one of the following bonds has the shortest duration?（ ）
单选题The financial systems that are operationally efficient are most likely characterized by:
单选题If a lease is capitalized, as compared to being treated as an operating lease, the effect on the current ratio and the debt/equity ratio will be: Current Ratio Debt/Equity Ratio ①A. decrease decrease ②B. decrease increase ③C. increase decrease
单选题The direct exchange of securities between investors without using an intermediary or the services of a broker occurs in which of the following markets?
单选题Which of the following statements is least likely to be an advantage of technical analysis?
单选题Which of the following is most consistent with real business cycle (RBC) models? The arguments and recommendations of RBC models suggest that:
单选题The clearinghouse in a futures contract performs all but which of the following roles? The clearinghouse :
单选题An analyst is investigating the performance of four portfolio over the same time period and gathered the following information:
单选题An analyst gathers the following information: Net
income
$100 Decrease in
accounts receivable 30
Depreciation
25
Increase in inventory
17 Increase in
accounts payable
10 Decrease in wages payable
5 Increase in
deferred taxes
17 Sale of fixed assets
150 Purchase of fixed assets
340 Profit from the
sale of fixed assets 5
Dividends paid out
35 Sale of new common
stock
120 Based on the above information, the company's cash flow
from operations is:
A. $155.
B. $165.
C. $175.
单选题Suppose a stock has a dividend payout ratio of 40 percent, a required rate of return of 15 percent and an expected growth rate of dividends of 10 percent. What is the P/E ratio of the stock? A. 2.667. B. 1.5. C. 8.0.
单选题A firm has net cash sales of $3500, earnings after taxes (EAT) of $1000, depreciation expense of $500, cost of goods sold (COGS) of $1500, and cash taxes of $ 500. Also, inventory decreased by $100, and accounts receivable increased by $300. What is the firm's cash flow from operations ?
单选题Unemployment can be divided into the following three categories:
A. Frictional, seasonal, cyclical.
B. Structural, seasonal, technical.
C. Frictional, cyclical, structural.
单选题For an option-flee bond, if yields increase by 200 basis points, the parts of the total estimated percentage price change attributable to duration and the convexity adjustment, respectively, will most likely be: Part of the total estimated percentage price change attributable to duration Part of the total estimated percentage price change attributable to the convexity adjustment ①A. Negative Positive ②B. Negative Negative ③C. Positive Positive
单选题During 2000, Rory, Inc. , reported net income of $15000 and had 2000
shares of common stock outstanding for the entire year. Rory also had 2000
shares of 10% , $50 par value preferred stock outstanding during
2000. During 1998, Rory issued 100, $1000 par, 6% bonds for $100000. Each
of these is convertible to 50 shares of common stock. The tax rate is 40%.
Assuming these bonds are dilutive, basic earnings per share(EPS) and diluted EPS
for Rory are closest to : Basic EPS Diluted
EPS ①A. $2.50 $0.71
②B. $2.50 $1.23 ③C. $2.88
$0.71
A.①
B.②
C.③
单选题The belief that trends and patterns tend to repeat themselves and are, therefore, somewhat predictable best describes:
单选题Which of the following statements about risk is TRUE? A. Systematic risk=Total risk + Unsystematic risk. B. Unsystematic risk is an undiversifiable risk. C. The market portfolio consists only of systematic risk.
单选题An analyst does research about industry stages. With respect to life cycle models, an industry characterized by slowing growth, industry overcapacity and increased failures is most likely in the: A. shakeout stage. B. mature stage. C. decline stage.
单选题The type of residential mortgage least likely to contain a balloon payment is a(n):
单选题A company reported its latest annual report as following: Net income = $1000000 Total equity = $5000000 Total assets = $10000000 Dividend payout ratio =40% Based on the sustainable growth model, the most likely forecast of the company's future earnings growth rate is: A. 12%. B. 8%. C. 4%.