单选题Suppose that JPK, Inc., paid dividends of $ 80000 to its preferred shareholders and $ 40000 to its common shareholders during 2004. The company had 20000 shares of common stock issued and outstanding on January 1, 2004, issued 7000 more shares on June 1, 2004, and paid a 10% stock dividend on August 1, 2004. Assuming that JPK had $150000 in net income, what is the firm's basic earnings per share (EPS) for 2004 ?
单选题At full employment:
单选题Which of the following is NOT a reason bond market indexes are more difficult to create than stock market indexes? A. Bond deviations tend to be relatively constant. B. There is a lack of continuous trade data available for bonds. C. The universe of bonds is always changing due to new issues, retired bonds, sinking funds and calls.
单选题Sanjay Gupta, CFA, is interviewed by the First Faithful Church to manage the churchs voluntary retirement plans equity portfolio based upon his superior return history
单选题Jennifer Ducumon, CFA, is a portfolio manager for high-net-worth individuals at Northeast Investment Bank
单选题An analyst gathered the following information about stock A and the market index:
Estimated future rate of retum for stock A
16%
Covariance of stock Awith the market index
600.0
standard deviation of the market index
20.0
Risk-free rate of retum
5%
Yield of zero coupon Treasury bond
6%
Expected future rate of return for the market index
13% Based only on the information above, the analyst's most appropriate conclusion is that the stock is: A. overvalued because the required rate of return for the stock is 15.5%. B. overvalued because the required rate of return for the stock is 17.0%. C. undervalued because the required rate of return for the stock is 15.5%.
单选题An investor purchases a put option on AAA shares that has a strike price of 50 and expires in three months
单选题A company has an equity beta of 1
单选题During a recent in-house seminar at United Banks of Davos, Helmut Fahrstadt, the seminar leader, was discussing the business cycle and its phases. He made the following statement: "During a recession one should expect an economy's real GDP to increase, its rate of inflation to increase, and its rate of employment to fall. " Is the statement made by Fahrstadt correct as it pertains to real GDP, inflation and the rate of employment? Real GDP Rate of Inflation Rate of Employment ①A. Correct Incorrect Incorrect ②B. Incorrect Correct Incorrect ③C. Incorrect Incorrect Correct
单选题Which of the following actions on the part of a central bank is most consistent with increasing the quantity of money?
单选题The demand for labor will be less elastic:
A. at lower wage rates than at higher wage rates.
B. in the long run than in the short run.
C. the less labor intensive the production process.
单选题A computer engineer repaired the network system in a supermarket on November 14 and sent the bill to the supermarket on December 2. If both the engineer and the supermarket prepare financial statement under the accrual method on November 30, how will they each record the transaction?
computer engineer supermarket
① accrued revenue accrued expense
② accrued revenue prepaid expense
③ unearned revenue accrued expense
单选题If statistical tests of stock returns over time support the efficient market hypothesis, the resulting correlations should be:
单选题First degree price discrimination is best described as pricing that allows producers to increase their economic profit while consumer surplus:
单选题On January 1, 2005, JME Corporation changed from the straight line method to an accelerated method of depreciation. Under the accelerated method, the accumulated depreciation through December 31,2004, was $ 600000 higher than if the straight line method had been used. JME's income tax rate is 40 percent. What is the cumulative effect of this change in accounting principle?
单选题An analyst does research about hypothesis testing. Which of the following test statistics is most appropriate test statistics for two means based on samples that we believe are dependent? A. T-test. B. F-test. C. Chi-square test.
单选题In 2004, Torrence Co
单选题High Plains Capital is a hedge fund with a portfolio valued at $475,000,000 at the beginning of the year
单选题What is total cash flow?
单选题An analyst wants to determine whether Dover Holdings is overvalued or
undervalued, and by how much (expressed as percentage return). The analyst
gathers the following information on the stock: Market standard
deviation=0.70 Covariance of Dover with the market=0.85
Dover's current stock price (P0)=$ 35.00 The
expected price in one year (P1) is $ 39.00 Expected
annual dividend=$1.503-month Treasury bill yield=4.50%. Historical
average S＆P 500 return=12.0%. Dover Holdings stock is: