单选题A summary measure that is computed to describe a population
characteristic from a sample is called a :
A. census.
B. summary.
C. statistic.
单选题If the money market yield is 3. 792 percent on a T-bill with 79 days to maturity, what is the holding period yield?
单选题A fund manager is compensated with a base management fee plus an incentive fee proportional to the funds return above a benchmark
单选题 根据下表所示的数据解答问题：
{{B}}投资组合的预期回报率和标准差{{/B}}
投资组合
A
B
C
E(Rp)
16%
7%
15%
σp
33%
12%
28%
单选题Which of the following statements about swaps is least accurate?
单选题Which of the following statements about "short selling" is TRUE? A. A short position may be hedged by purchasing put options. B. Short sellers may be subject to margin calls if the stock price increases. C. Stocks that pay large dividends should be sold short before the ex-dividend date and bought afterward to take advantage of the large price decline in a short time period.
单选题A bond portfolio manager is considering three Bonds - A, B, and C - for his portfolio
单选题Which of the following describes a market for goods or services that operates outside the legal system, trading at prices that exceed legally imposed price ceilings?
单选题An individual wants to be able to spend 80
单选题An analyst gathered the following information about an industry. The industry beta is 0.9. The industry profit margin is 8%, the total asset turnover ratio is 1.5, and the leverage multiplier is 2. The dividend payout ratio of the industry is 50%. The risk-free rate is 7% and the expected market return is 15%. The industry P/E is closest to:
单选题A trader has a long position in a wheat future contract: The initial margin is $ 5000. The maintenance margin is $ 3750. There are 5000 bushels in each wheat contract. On July 10, the price is $ 2.00 per bushel. What is the price at which the trader will receive a maintenance margin call?
单选题All else being equal, which of the following most likely increase credit quality? A company decreases its: A. margin stability. B. retained cash flow. C. dividend payout ratio.
单选题While it would be customary to report both five - year and ten - year performance data, Seminole Equity Partners has been in existence for only eight years. Because of this, Kurt Dambach does not report ten - year data but reports for both five years and since the inception of the fund. This he notes in a footnote at the bottom of the information sheet. This action is: A. in accordance with the Code and Standards since he has indicated the basis in a footnote. B. a violation of the Standard concerning prohibition against misrepresentation. C. a violation of the Standard concerning performance presentation.
单选题An analyst has gathered the following data about a stock:
●A beta of 1.6.
●An actual return of 12%.
●The market rate of return is 5%.
●The risk-free rate is 3%.
Compute the stock"s abnormal return.
单选题For the last four years, the returns for XYZ Corporation's stock have been 10.4%, 8.1%, 3.2%, and 15.0%. The equivalent compound annual rate is:
单选题Gordon is a CFA charter holder and the pension fund manager for a worker's union. The union president informed him that during a union meeting today with Zinc Limited he learned that Zinc will announce several plant closings tomorrow. Because the worker's union pension has a sizable position in Zinc, the union president wants Gordon to sell the pension's holdings in Zinc today before the announcement is made public. Gordon should: A. inform CFA Institute in writing of the union president's request. B. contact the Justice Department and tell them about the union president's request. C. tell the union president that this action is illegal and refuse to sell the stock until after the announcement.
单选题Which of the following is least likely a violation of the CFA Institute Standards of Professional Conduct relating to knowledge of the law. A member is failure to: A. dissociate from any violation of applicable laws, rules, or regulations. B. seek the advice of compliance personnel or legal counsel concerning legal requirements. C. disclose to CFA Instituteinvolvement in any civil litigation in the member's professional conduct statement.
单选题During 2000, Rory, Inc. , reported net income of $15000 and had 2000 shares of common stock outstanding for the entire year. Rory also had 2000 shares of 10% , $50 par value preferred stock outstanding during 2000. During 1998, Rory issued 100, $1000 par, 6% bonds for $100000. Each of these is convertible to 50 shares of common stock. The tax rate is 40%. Assuming these bonds are dilutive, basic earnings per share(EPS) and diluted EPS for Rory are closest to : Basic EPS Diluted EPS ①A. $2.50 $0.71 ②B. $2.50 $1.23 ③C. $2.88 $0.71
单选题Christina Ng, a Level I CFA candidate, defaulted on a bank loan she obtained to pay for her Masters degree tuition when her wedding cost more than expected
单选题The risk-free rate is 5 percent, the market rate is 12 percent, and the beta of a stock is 0.5, what would happen to the required rate of return if the inflation premium increased by 2 percent? It would: A. increase to 15. B. decrease to 8.5. C. increase to 10.5.