单选题A swap is best characterized as a
单选题An investor might consider investments in commodities because, historically, commodity returns have had a higher positive correlation with
单选题Tom Wilkens is a portfolio manager and has a retiree as a client. The client would like to invest in bonds with low interest rate risk. Which bond should Tom choose for his client? The bond with a: A. 20 year maturity and a yield to maturity of 5%. B. 10 year maturity and a yield to maturity of 8%. C. 10 year maturity and a yield to maturity of 5%.
单选题Roger Clement, CFA, is a public fund manager at Morgan Capital and does research about z-value. The first step for Clement in the process of standardizing a random variable from a given normal distribution to obtain the zvalue is: A. to subtract the population mean from the observation obtained. B. to multiple the observation obtained by the reliability factor assumed. C. to divide the population mean by the standard deviation.
单选题Leng Bo, CFA is a bond portfolio manager for individual investors
单选题Assume that a firm had total revenue of $36 million and used $24
million in labor and materials to generate that revenue. Other costs included
$300000 in foregone interest, economic depreciation of $5000, and normal profit
is $43000. Using this information, calculate the economic profit to the firm.
A. $10483000.
B. $11652000.
C. $14585000.
单选题An analyst does research about derivative markets. Which of the following statements is most likely among criticisms of derivative markets? A. Derivativesprovide price information. B. Derivativesreduce transaction costs. C. Derivatives areoverly complex.
单选题Sarah, CFA, is promoting her new investment management firm by issuing an advertisement. Which of these items is least likely a violation of the professional designation Standard? The advertisement states that:
单选题When potential real GDP is less than actual real GDP, the economy is most likely experiencing（ ）
单选题Catherine, a CFA charter holder and an analyst for DG Investment Limited, is preparing a buy recommendation on the Toys Limited
单选题Which of the following is least likely an accurate statement about the major components of GIPS?
单选题Given that markets are efficient, which of the following is least
likely to cause an actively managed mutual fund to underperform an index fund?
A. Taxes.
B. Inferior stock selection.
C. Management expenses.
单选题The primary difference between the McCallum rule and the Taylor rule is that the McCallum role follows the: A. Keynesian feedback rule and adjusts the federal funds rate to target the inflation rate. B. Monetarist feedback rule and adjusts the federal funds rate to target the inflation rate. C. Monetarist feedback rule and adjusts the growth rate of the monetary base to target the inflation rate.
单选题Use the results from the following survey of 500 firms to answer the question.
单选题Darcy Grafton, CFA, purchases a large block of stock on behalf of specific accounts she managed. The stock realized a significant gain in value before the close of business; so Grafton reviewed her accounts again to determine where the block shares should be allocated. According to the Standards of Practice Handbook, Grafton's most appropriate action is to allocate the shares to: A. all accounts equally. B. all accounts for which she has discretionary authority. C. only those accounts for which the block shares were originally intended.
单选题Which of the following statements regarding capitalization and
expensing of intangible assets is least accurate? Based on U. S. generally
accepted accounting practices (GAAP) :
A. computer software development costs to establish the technological or
economic feasibility of software are expensed, but subsequent costs can be
capitalized.
B. purchased patent and copyright costs are expensed.
C. research and development costs are expensed when incurred.
单选题An analyst does research about option investing. An investor writes a call option priced at $3 with an exercise price of $100 on a stock that he owns. The investor paid $85 for the stock. If at expiration of the call option the stock price has risen to $110, the profit for the investor's position would be closest to: A. $3 B. $12 C. $18
单选题Information about three stocks is provided below:
Stock
Expected Return
Beta
Booraem Inc
单选题Which of the following will most likely cause the short-run aggregate supply (SRAS) curve to shift to the right?
单选题If the yield on a 5-year U