单选题Sheria, CFA, just joined an investment firm and reports directly to Raymond, who heads the department dealing with advisory service to high net worth individuals. To fulfill her duty of informing her employer about following AIMR Code of Ethics and Standards of Professional Conduct, Sheria must inform（ ）
单选题Meg Joyner has been given an assignment by her economics professor to write a paper discussing the usefulness of the quantity theory of money. Which statement in her paper is least accurate? A. Monetarists believe that the growth rate of real output should only be increased at the rate of the money supply. B. Velocity as used in the equation of exchange is the average number of times per year each dollar is used to buy goods and services. C. An increase in the money supply will lead to an increase in product prices.
单选题A company is considering the purchase of a copier that costs $5000
单选题Three 125000 euro futures contracts are sold at a price of
$1.0234. The next day the price settles at $1.0180. The mark
to market for this account changes the previous day's margin by :
A. + $675.
B. - $675.
C. + $2025.
单选题Construct a 90 percent confidence interval for the starting salaries of 100 recently hired employees with average starting salaries of $ 50000 and a standard deviation of $ 3000 assuming the population has a normal distribution.
单选题With respect to the portfolio management process, a well-constructed investment policy statement is least likely to include: A. investor constraints. B. the return benchmark. C. the specific securities that should be purchased.
单选题Consider the following set of stock returns: 12%, 23%, 27%, 10%, 7%, 20%, 15%. The third quartile is（ ）
单选题An 11 percent coupon bond with annual payments and 10 years to maturity is callable in 3 years at a call price of $1100. If the bond is selling today for 975, the yield to call is:
单选题HVG, LLC paid $12,000 of cash to a real estate company upon signing a leaseon 31 December 2015. The payment represents a $4,000 security deposit and$4,000 of rent for each of January 2016 and February 2006. Assuming that thecorrect accounting is to reflect both January and February rent as prepaid, themost likely effect on HVG s accounting equation in December 2015 is（ ）
单选题Which of the following statements most accurately describes the
parties that GIPS are intended to apply to and serve?
A. GIPS apply to consultants and serve their existing and prospective
clients.
B. GIPS apply to firms that issues securities and serve investment
management firms.
C. GIPS apply to investment management firms and serve their existing and
prospective clients.
单选题Colleen ONeil, CFA, manages a private investment fund with a balanced global investmentmandate
单选题Which of the following most accurately describes the relationship between marginal cost (MC), average variable cost (AVC), marginal product (MP), and average product (AP)? A. When MP＜AP, MC＜AVC. B. When MP＞AP, MC＞AVC. C. When MP=AP, MC=AVC.
单选题A minimum wage is an example of which of the following?
单选题In perfectly competitive industries, what is the most likely long-run
effect of a permanent decrease in demand?
A. Price decreases.
B. Firms incur economic losses.
C. The number of firms decreases.
单选题Supposing there are two stocks in an market index: Company X has 50 shares valued at $ 2 each. Company Y has 10 shares valued at $ 10 each. When the index started the price weighted index calculated out to $ 6, and the value-weighted index was 1. Nothing has changed exert. Now the price of Company X's stock is selling for $4 per share. What is the price-weighted index and what is the value-weighted index? Price-weighted Value-weighted ①A. 6 95
②B. 7 150
③C. 9 125
A．① B．② C．③
单选题The investment objective of earning a return on an investment that is at least equal to the inflation rate is called（ ）
单选题A firm in the market environment characterized by monopolistic competition will most likely:
单选题Which of the following statements regarding zero-coupon bonds and spot interest rates is TRUE? A. A coupon bond can be viewed as a collection of zero-coupon bonds. B. Spot interest rates will never vary across time. C. Zero-coupon bonds have at least two coupon payments.
单选题With respect to reporting investment results, Global Investment Performance Standards (GIPS) require a minimum of: A. three years of historical performance. B. ten years of historical performance. C. five years of historical performance.
单选题Which of the following is least likely an indication of good corporate governance practices? A. The board typically supports management decisions. B. The board only acts in the best interest of the shareholders. C. The firm's operating and financial activities are reported in a timely manner to the shareholders.