单选题An investor whose marginal tax rate is 33
单选题An analyst has gathered the following information about a firm: Quick ratio of 0.25 Cash ratio of 0.20 $ 2 million in marketable securities $10 million in cash What is their receivables balance?
单选题Using the following information about three mutually exclusive capital projects to make an investment decision. Project Cash Flow Pattern Net Present Value Internal Rate of Return 1 Conventional $900 15% 2 Conventional $1200 10% 3 Non-conventional $1023 6% and 25% Assumed each project has the same initial outlay and required return, the most appropriate investment is: A. Project 1. B. Project 2. C. Project 3.
单选题For a positively skewed unimodal distribution, which of the following measures is most accurately described as the largest?
单选题When an investigator wants to test whether a particular parameter is greater than a specific value, he null and alternative hypothesis are best defined as:
单选题A company that prepares its financial statements according to IFRS owns several investment properties on which it earns rental income. It values the properties using the fair value model basedon prevailing rental markets. After two years of increases, the market softened in 2014 and valuesdecreased. A summary of the properties valuations follows:
Which of the following best describes the impact of the revaluation on the 2014 financial statements?
单选题An analyst does research about covariance. If the standard deviation of returns of an asset is 0.8367%, the covariance of the asset's returns with themselves (in unit of percent squared) is closest to: A. 0.70 B. 0.91 C. 1.00
单选题Ananalystdoesresearchaboutyieldspread.Allotherfactorsbeingequal,willtheyieldspreadforanoption-freecorporatebondoverthebenchmarkbondmostlikelydecrease:
单选题An investor holds $1000000 (par value) worth of TIPS currently trading
at par. The coupon rate of 6% is paid semiannually, and the annual inflation
rate is 17%. What coupon payment will the investor receive at the end of the
first six months?
A. $32550.
B. $43285.
C. $65100.
单选题Wreathfield, Inc
单选题The CFA Institute Professional Conduct Program is covered by the CFA Institute Bylaws and the Rules of Procedure for Proceedings related to Professional Conduct Program. The program is based on the principles of fair process to the: A. member's clients and confidentiality of sanctions. B. member and confidentiality of sanctions. C. member and confidentiality of proceedings.
单选题If the implied volatility for options on a broad-based equity market index goes up, then it is most likely that:
单选题Which of the following best describes the underlying principles upon which the Global Investment Performance Standards (GIPS) are based? A. Fair and consistent application of a global set of regulatory requirements. B. Fair treatment of entities associated with securities law infractions. C. Full disclosure and fair representation of performance results.
单选题Given the following data what is the ending inventory value using the FIFO method?
单选题You are analyzing a sample of money managers returns from a population of 900
单选题On the settlement date of a forward contract: A. the short may be required to sell the asset. B. the long must sell the asset or make a cash payment. C. at least one party must make a cash payment to the other.
单选题All else equal, a firm will have a higher Price-to-Earnings (P/E) multiple if: A. retention ratio is higher. B. risk-free rate is higher. C. the stock's beta is lower
单选题A firm has net cash sales of $3500, earnings after taxes (EAT) of $1000, depreciation expense of $500, cost of goods sold (COGS) of $1500, and cash taxes of $500
单选题Lois Weaver wants to have $1.5 million in a retirement fund when she retires in 30 years. If Weaver can earn a 9 percent rate of return on her investments, approximately how much money must she invest at the end of each of the next 30 years in order to reach her goal?
单选题A profit maximizing firm will expand output as long as marginal
revenue is:
A. less than marginal cost.
B. greater than marginal cost.
C. less than average variable cost.