单选题Of the following types of firm, which is most suitable for P/B ratio analysis?
单选题Paul Thomas, CFA, is designing a new layout for research reports his firm writes and issues on individual stocks. In his design, Thomas includes a stock chart on the first page of each report. He does not reference that the charts are copied from an unrecognizable Finance web site. Thomas has（ ）
单选题Consider two bonds that are identical except for their coupon rates
单选题Sheila Schleif, CFA, is an equity analyst at an investment banking division of Mokara Financial Group, a full service financial group
单选题An analyst is investigating the security market line (SML). Given no
major changes in asset risk characteristics, which of the following changes is
most likely to be associated with an increase in the slope of the security
market line?
A. A decrease in inflation expectations.
B. An increase in the yield spread between A-rated and B-rated bonds.
C. A decrease in the yield spread between A-rated and B-rated
bonds.
单选题If the market demand for a product decreases in a competitive market, then the quantity supplied by an individual firm will: A. decrease and firms will exit the market in the long run. B. decrease and firms will enter the market in the long run. C. increase and firms will enter the market in the long run.
单选题Opal Company manufactures sophisticated machines and then leases them to its customers. If the leases are structured in such a way that they are treated as capital leases for accounting purposes, the impact on Opal' s financial statements and ratios will be that all of the following will be higher EXCEPT :
单选题Using the U.S. Treasury spot rates provided below
单选题Hedge funds that contain infrequently traded assets would most likely exhibit a downward bias with respect to: A. measured risk but not correlations with conventional equity investments. B. correlations with conventional equity investments but not measured risk. C. both measure risk and correlations with conventional equity investments.
单选题Based on supply-side effects, an increase in income tax will most likely:
单选题If the relative strength ratio increases, which of the following statements is correct?
单选题Which of the following three bonds (similar except for yield and maturity) has the least interest rate risk? The bond with:
单选题Which characteristic is a firm least likely to exhibit when it operates in a market with a downward sloping demand curve, many competitors, and zero economic profits in the long run?
单选题Consider a call option expiring in 110 days on a
non-dividend-paying stock trading at 27 when the risk-free rate is 6%. The lower
bound for a call option with an exercise price of 25 is:
A. $2.00.
B. $2.44.
C. $1.97.
单选题Daisy, CFA, is a portfolio manager for several wealthy clients
including Dennis. Daisy manages Dennis's personal portfolio and bond
investments. Dennis recently told Colin that he is under investigation by the
Internal Revenue Service (IRS) for tax evasion related to his business, Dennis
Software. After learning about the information, Daisy proceeds to inform a
friend at a local investment bank so that they may withdraw their proposal to
take Dennis Software public. Which of the following is most likely correct?
Daisy:
A. violate the Code and Standards by failing to maintain the confidentiality
of his client's information.
B. violate the Code and Standards by failing to detect and report the tax
evasion to the proper authorities.
C. do not violate the Code and Standards since the information she conveyed
pertained to illegal activities on the part of her client.
单选题Consider two countries, A and B
单选题Which of the following is least likely an assumption of the capital asset pricing model (CAPM)?
单选题If the economy is in short-run disequilibrium below full employment,
the most likely explanation is that:
A. aggregate demand has decreased.
B. long-run aggregate supply has decreased.
C. resource prices have decreased.
单选题A trader who owns shares of a stock currently trading at $100 per share places a GTC, stop $90, limit $85 sell order (GTC means good till cancelled)
单选题A reserve requirement of 20% implies a potential money deposit expansion multiplier of（ ）