单选题An analyst does research about put-call parity. Which of the following best represents synthetic put on a stock? A. Call-stock+risk-free bond. B. Stock-call-risk-free bond. C. Stock+call-risk-free bond.
单选题A minimum wage is an example of a:
单选题John McHenry is a junior consultant working in Oldie Village Pension Consulting. He has calculated annual returns for 300 portfolio managers, and is analyzing the relationship between fees and performance. The dataset he is using (returns and fees for each manager) is an example of:
单选题Consider the following statements:
Statement 1: "The kinked demand curve model of oligopoly assumes that a decrease in price will not be followed by other firms in the industry, but a price increase will. "
Statement 2: "Finns in monopolistic competition have high advertising expenses because they want to create the perception that their product is different from their competitors' products when the competing products are actually quite similar. "
Which of the following best describes the accuracy of these statements?
Statement 1 Statement 2
①A. Correct Incorrect
②B. Incorrect Correct
③C. Correct Correct
A. ① B. ②C. ③
单选题If the central bank unexpectedly shifts to a more restrictive monetary policy, the most likely effect
单选题An analyst wants to estimate the return on the SP 500 Index for the current year using the following data and assumptions:
Sample size = 50 securities from the index
Mean return for those stocks in the sample for the previous year = 0.114
Variance = 0.0529
The reliability factor for a 95% confidence interval with unknown population variance and sample size greater than 30 is
If he assumes that the SP return this year will be the same as it was last year, which of the following is the best estimate of the 95% confidence interval for this years SP return?
单选题Given the following information, compute price/sales.
Book value of assets = $550000
Total sales = $200000
Net income = $20000
Dividend payout ratio = 30%
Operating cash flow = $40000
Price per share = $100
Shares outstanding = 1000
Book value of liabilities = $500000
单选题Which of the following would NOT be a reason for market, industry, and company analysis? A. Firms within a given industry perform differently. B. The market is generally a very important component of security returns. C. Single industries perform consistently over time.
单选题已知某厂商发行了300万美元的债券，息票率为7%，期限为3年，利息每年支付一次，市场利率为8%。试根据上述信息解答问题。
单选题According to the expectations hypothesis, investors' expectations of decreasing inflation will result in:
单选题Which of the following is most likely a part of the feedback step in the portfolio management process?
单选题David Farrington is an analyst at Farrington Capital Management. He is aware that many people believe that the capital markets are fully efficient. However, he is not convinced and would like to disprove this claim. Which of the following statements would support Farrington in his effort to demonstrate the limitations to fully efficient markets? A. Fundamental analysts are poring over the same new information that is disseminated to the public, so they do not provide any added value to the efficiency of the markets. B. Technical analysis has been rendered useless by many academics who have shown that analyzing market trends, past volume and trading data will not lead to abnormal returns. C. Processing new information entails costs and takes at least some time, so security prices are not always immediately affected.
单选题Given the following annual returns, what is the range?
2000
2001
2002
2003
2004
15%
2%
5%
-7%
0%
A.22.0%.
B. 15.0%.
C.7.0%.
单选题If the risk-free rate of interest is 5 percent and an investor enters into a transaction that has no risk, the rate of return the investor should earn in the absence of arbitrage opportunities is
单选题Assume that the exercise price of an option is $11, and the average
market price of the stock is $16. Assuming 1039 options are outstanding during
the entire year, what is the number of shares to be added to the denominator of
the Diluted EPS?
A. 289.
B. 1039.
C. 325.
单选题Which of the following statements best describes the investment
assumption used to calculate an unweighted price indicator series?
A. An equal dollar investment is made in each stock in the index.
B. A proportionate market value investment is made for each stock in the
index.
C. A proportionate market capitalization is made for each stock in the
index.
单选题Which of the following statements about initial margin requirements in the U.S. is FALSE? A. If the stock price decreases, the investor' s relative margin will decline. B. Currently, the initial margin requirement is 60 percent. C. The Federal Reserve Board specifies the minimum margin requirements.
单选题Consider the following data for a firm operating in perfect competition
单选题A properly qualified board member is of vital importance to proper corporate governance within a firm. Board members who lack the requisite skills, knowledge and expertise to conduct a thorough review of the firm's activities are: A. more likely to consult with outside interests to assist in decision-making. B. more likely to be "unpaid" board members. C. more likely to defer to management when making decisions.
单选题All of the following statements about a manager's use of clients'
brokerage commissions are true except:
A. a client may direct a manager to use the client's brokerage commissions
to purchase goods and services for that client.
B. client brokerage commissions should be used to benefit the client and
should be commensurate with the value of the brokerage and research services
received.
C. client brokerage commissions may be directed to pay for the investment
manager's operating expenses.