单选题There is a call option on a stock that is currently selling for $25 and it is in-the-money by $8. Find the call option's strike price:

单选题Which of the following statements with respect to Giffen and Veblen goods is least accurate?

单选题Which of the following are problems in measuring unemployment? Ⅰ. In order to be classified as unemployed, one must be looking for a job Ⅱ. People may be busy but their activities are outside the market labor force Ⅲ. Unemployed workers who are seeking work are included in the labor force along with employed workers

单选题If an investor puts $ 5724/year, starting at the end of the first year, in an account earning 8 percent and ends up accumulating $ 500000, how many years did it take the investor?

单选题An analyst is assessing a companys quality of earnings by looking at the cash flow earnings index (operating cash flow divided by net income)

单选题Which of the following would provide evidence against the semi-strong form of the efficient market theory? A. Low P/E stocks tend to have positive abnormal returns over the long run. B. Trend analysis is worthless in determining stock prices. C. All investors have learned to exploit signals related to future performance.

单选题Peter Welsh, CFA, gathered the following information from a company's most recent financial statements ( U.S. $ in millions): Preferred stock 40 Common stock 120 Additional paid-in capital 30 Retained earnings 190 Treasury stock (55) Total shareholders' equity 325 Total number of common shares outstanding 10 million Tax rate 40% Welsh also determined that the company uses the LIFO inventory method, but most companies in the industry use the FIFO method. The footnotes to the financial statements indicate that if the company had used the FIFO method, the inventory balance would have been $ 50 million higher than the amount reported on the company's most recent financial statements. If the company's common stock is currently selling for $70 per share, the most appropriate price to book value ratio to use in valuing the company is: A. 2.22. B. 2.03. C. 2.16.

单选题A firm has $4 million in outstanding bonds that mature in four years, with a fixed rate of 7.5% (assume annual payments). The bonds trade at a price of $98 in the open market. The firm's marginal tax rate is 35 %. Using the bond-yield plus method, what is the firm's cost of equity risk assuming an add-on of 4%?

单选题Which of the following statements regarding financing bond purchases with margin accounts is FALSE? A. The required margin percentage changes daily. B. Individuals are more likely than institutions to use margin accounts to finance bond purchases. C. In the U. S. , margin accounts are regulated by the Federal Reserve.

单选题Which of the following statements about financial statement analysis and reporting is least accurate ? A. Deciding whether to recommend a company' s securities to investors is a role of financial statement analysis. B. Financial statement analysis uses financial statement data to form opinions about the company's ability to generate cash flow in the future. C. Financial statement analysis focuses on the way companies show their financial performance to investors by preparing and presenting financial statements.

单选题Which of the following is NOT one of the conditions that must be met for a trade to be considered an arbitrage?

单选题Which transaction would least likely be classified as an interest rate swap?

单选题Junior economists Diane Foreman and Les Harlan are discussing the concepts of aggregate hours and real wage rates and how they relate to real GDP. They state the following: Foreman: Aggregate hours are a more accurate measure of total labor input than the number of people employed. Aggregate hours tend to be positively correlated with real GDP growth. Harlan: Real wage rates have not increased as much over time as the productivity of labor, but that is largely because a greater share of labor compensation now comes in the form of employer-paid benefits. Are Foreman and Harlan correct? Foreman Harlan ①A. Correct Correct ②B. Correct Incorrect ③C. Incorrect Correct

单选题Which of the following statements concerning the security market line (SML) and the capital market line (CML) is true? A. All portfolios are expected to lie on the CML. B. All securities are expected to lie on the CML. C. All securities are expected to lie on the SML.

单选题Consider the following information: On May 1 Party A trades on the futures exchange to buy one oats contract of 10000 bushels for delivery in September. Party B has complimentary requirements. The price is $2 per bushel. Assume that the contract closes on May 2 at 190 cents per bushel. Assume the initial margin was $3000 and the maintenance margin $2500. Assume further that on May 3, the price has dropped to $1.80 per bushel. The price at which a maintenance margin call will be received is equal to:

单选题Country X requires firms to present performance information using only realized returns, while the GIPS standards require calculations to be based on both realized and unrealized returns. A firm located in country X: A. cannot claim compliance with GIPS unless it fully meets all GIPS requirements. B. should follow the country's guidelines, and is allowed to claim compliance with GIPS as long as all other GIPS requirements are met. C. should follow the country's guidelines, and is allowed to claim compliance with GIPS as long as disclosure is made regarding the conflict.

单选题When the return on equity equation (ROE) is decomposed using the original DuPont system, what three ratios comprise the components of ROE? A. Gross profit margin, asset turnover, equity multiplier. B. Net profit margin, asset turnover, asset multiplier. C. Net profit margin, asset turnover, equity multiplier.

单选题A fixed income portfolio manager owns a $5 million par value noncallable bond. The bond's duration is 5.6 and the current market value is $5125000. The dollar duration of the bond is closest to:

单选题Fisher, Inc. , is evaluating the benefits of investing in a new industrial printer. The printer will cost $ 28000 and increase after - tax cash flows by $ 8000 during each of the next five years. What is the internal rate of return (IRR) and net present value (NPV) of the printer project if Fisher's required rate of return is 11 percent? IRR NPV ①A. 5.56% -$ 3180 ②B. 17.97% $ 5844 ③C. 13.20% $ 1567 A.① B.② C.③

单选题Independentsamplesdrawnfromnormallydistributedpopulationsexhibitthefollowingcharacteristics:SampleSizeSamplemeanSamplestandarddeviationA2520045B1818560Assumingthatthevariancesoftheunderlyingpopulationsareequal,thepooledestimateofthesamplevarianceis2,678.05.Thet-teststatisticappropriatetotestthehypothesisthatthetwopopulationmeansareequalisclosestto: