单选题Which of the following statements about closing a futures position through delivery is most accurate?
单选题Which of the following statements is most accurate regarding cash flow statements prepared under IFRS and U
单选题Under perfect competition, a firm will experience zero long term economic profit when: A. price is less than average total cost. B. MR is greater than ATC. C. MC = ATC = MR = price.
单选题An analyst does research about correlation and gathers the following information about two stocks: Stock Portfolio Weight Standard Deviation 1 0.3 6.5% 9 0.7 3.5% If the portfolio's standard deviation is 4.4%, the correlation between the two securities is closest to: A. 0.39 B. 0.88 C. 1.00
单选题Ananalystdoesresearchaboutstockindex.Ananalystgathersthefollowinginformationaboutaprice-weightedindexcomposedofthreestocks:IfStockAcompletesatwo-for-onestocksplit,thevalueoftheindeximmediateIyafterthesplitisclosestto:A.20B.23C.30
单选题The yield to maturity on an annual-pay bond 5.6 percent, what is the bond equivalent yield for this bond?
单选题A real estate valuation approach that uses information about past transactions involving properties that are similar to the subject property is the:
单选题Which of the following is least likely to appear as an asset on the U.
S. Federal Reserve's (Fed's) balance sheet?
A. Gold.
B. U.S. currency in circulation.
C. U.S. Treasury bills.
单选题In constructing cash flow forecasts for the medium term, an analyst should most appropriately:
单选题Cure All General Hospital has been forced to fife for bankruptcy protection. The company managing the hospital has been allowed to reorganize under the name United Hospital of Hope. The courts have specified that a new indenture should be written to accompany a planned new bond issue. The issue would have ten years to maturity and carry a 10% coupon that would be paid annually. The new agreement would relieve the company of the obligation to make interest payments during the first five years after the bond is issued. For the remaining five years, regular interest payments would resume. Finally, at maturity, the principal ($1000) plus the interest that was not paid during the first five years would be paid. However, no additional interest would be payable on the deferred interest. If the bond's YTM is 10%, its value is closest to:
单选题Which of the following is NOT an advantage of exchange traded funds (ETFs) over traditional mutual funds.'? A. ETF shares trade throughout the day at continuously updated prices, while open-end funds trade only once a day at close-of-market prices. B. The exposure to capital gains taxes is lower for ETFs than for open-end funds. C. ETF shares have smaller bid-ask spreads than open-end mutual funds.
单选题An analyst gathered the following information about a company: Taxable income = $ 100000 Pretax income = $120000 Current tax rate = 20 % Tax rate when the reversal occurs will be 10 % What is the company's tax expense?
单选题The bank discount of a $1000000 T - bill with 135 days until maturity
that is currently selling for $ 979000 is :
A. 6.1%.
B.5.6%.
C.5.2%.
单选题An investor is considering purchasing ACQ. There is a 30 percent
probability that ACQ will be acquired in the next two months. If ACQ is
acquired, there is a 40 percent probability of earning a 30 percent return on
the investment and a 60 percent probability of earning 25 percent. If ACQ is not
acquired, the expected return is 12 percent. What is the expected return on this
investment?
A. 16.5%.
B. 18.3%.
C. 12.3%.
单选题Which of the following is least accurate regarding the relationship
between price (P) , marginal revenue (MR) , average total cost (ATC), and
marginal cost (MC) at the profit maximizing output under monopoly?
A. P=MR
B. MR=MC.
C. P＞MＣ.
单选题Which of the following statements about a central bank's actions would most likely cause an immediate increase of the banking system's excess reserves? A. Decreasing the policy rate. B. Selling securities in the open market. C. Decreasing the required reserve ratio.
单选题A company has the following capital structure: Target weightings: 30% debt, 20% preferred stock, 50% common equity. Tax Rate: 35%. The firm can issue $1000 face value, 7.00% semi-annual coupon debt with a 15-year maturity for a price of $1047.46. An 8.0% dividend preferred stock issue has a value of $35 per share. The company's growth rate is estimated at 6.0%. The company's common shares have a value of $40 and a dividend in year 0 of DO = $3.00. The company's weighted average cost of capital is closest to:
单选题For a linear demand curve, at the price where elasticity is -2.0, reducing prices will: A. increase total revenue and we are at the point of maximum total revenue. B. decrease total revenue and we are not at the point of maximum total revenue. C. increase total revenue and we are not at the point of maximum total revenue.
单选题An investor has a portfolio with 10 percent cash, 30 percent bonds, and 60 percent stock. If last year's return on cash was 2.0 percent, the return on bonds was 9.5 percent, and the return on stock was 25 percent, what was the return on the investor's portfolio?
单选题Select information from a company that uses the FIFO inventory method is provided below.
If the company used a perpetual system versus a periodic inventory system, the gross margin would most likely be: