单选题Which of the following regarding monopolistic competition is TRUE? A. Zero barriers to entry and exit exist. B. The demand curve for an individual firm is a straight horizontal line. C. Each firm produces a differentiated product.

单选题AnanalystobtainsstatisticsonreturninformationforVayIndustriesandRanchMeatpackingasfollows:Basedonthisinformation,whatisthecovariancebetweenthetwosetsofreturns,andwhatisthecorrelationcoefficient?CovarianceCorrelationcoefficient①A.5.980.32②B.5.980.42③C.6.520.32A．①B．②C．③

单选题The yield on an industrial bonds is 8.59 percent while the yield on a benchmark bond with the same maturity is 6. 83 percent. The relative yield spread is closest to; A. 1.8% B. 20.5% C. 25.8%

单选题When additional or excess reserves are injected into the U.S. banking system, the money supply can potentially increase by an amount equal to the additional excess reserves multiplied by which of the following? A. Reciprocal of one minus the required reserve ratio. B. Reciprocal of the required reserve ratio. C. Reciprocal of the potential deposit expansion multiplier.

单选题An increase in which of the following items is most likely to result in an increase in the width of the confidence interval for the population mean?

单选题Which of the following is least likely to be directly reflected in the returns on a commodity index?

单选题An analyst does research about asset-backed securities. Which of the following is least accurate? Special purpose vehicles: A. create a subsidiary of the sponsoring corporation to hold assets. B. reduce exposure to the bankruptcy risk of the sponsoring corporation. C. are non-operating entities created to carry out a special purpose such as leasing assets or securitizing receivables.

单选题A fourth market transaction occurs when: A. a security is purchased by a dealer and then immediately resold. B. exchange-listed shares are traded in the OTC market. C. a buyer and seller complete a trade without the assistance of an intermediary broker.

单选题 Use the following data for Questions Cash payments to supppliers (114000) Purchase of equipment (68000) Cash payment of dividends (72000) Purchase of land (64000) Cash payment for salary (106000) Sale of fixed assets 60000 Repurchase of common stock (28000) Cash collections from customers 200000 Cash payments of interest (8000)

单选题A project has the following annual cash flows: Year 0 Year 1 Year 2 Year 3 Year 4 -$4,662,005 $22,610,723 -$41,072,261 $33,116,550 -$10,000,000 Which of the following discount rates most likely produces the highest net present value (NPV)?

单选题What would be the impact of an unanticipated increase in aggregate demand on an economy's rate of unemployment, rate of inflation, and the short-run Phillips curve (SRPC)? Unemployment Inflation SRPC ①A. Decrease Increase Upward movement along curve ②B. Increase Increase Downward movement along curve ③C. No effect Decrease Upward shift of curve A. ①B. ②C. ③

单选题As time goes on, we expect the SML:

单选题Automatic stabilizers are government programs that tend to: A. automatically increase tax collections during a recession. B. reduce interest rates, thus stimulating aggregate demand. C. change government deficits in a manner counter-cyclical to economic growth without legislative action.

单选题A firm operating under conditions of pure competition will:

单选题An analyst does research about the time value of money. An investor deposits $500 million in an account that eams a stated annual rate of 3.5% for the first year and 3.0% for the second year, compounded continuously. If there are no additional deposits or withdraws, the value of the account after two years is closest to: A. $519.05 million. B. $533.58 million. C. $536.25 million.

单选题Jane Mattock, CFA, senior vice president and head of the research department of H&V, Inc., a regional brokerage firm. In preparation for a long business trip, Mattock delegates his authority to Deion Miller, CFA. Which of the following is most accurate to comply with the Professional Conduct Standards? A. Mattock is required to advise his supervisor and his compliance department, in writing, of the delegation of his supervisory duties. B. Mattock still has supervisory responsibility and must instruct Miller about methods to prevent and detect violations of applicable laws, rules, regulations, and the CFA Institute Code of Ethics and Standards of Professional Conduct. C. Miller still has supervisory responsibility but need not instruct a charterholder like Miller about methods to prevent and detect violations of applicable laws, rules, regulations, and the CFA Institute Code of Ethics and Standards of Professional Conduct.

单选题Unemployment can be divided into the following three categories:

单选题In preparing a forecast of future financial performance, which of the following best describes sensitivity analysis and which of the following best describes scenario analysis? Description 1: A computer generated analysis based on developing probability distributions of key variables that are used to drive the potential outcomes. Description 2: The process of analyzing the impact of future events by considering multiple key variables. Description 3: A technique whereby key financial variables are changed one at a time and a range of possible outcomes are observed. Also known as "what-if" analysis. Sensitivity analysis Scenario analysis ①A. Description 3 Description 2 ②B. Description 2 Description 3 ③C. Description 1 Description 2

单选题The trading of exchange-listed shares on an electronic communications network is called:

单选题An analyst gathers the following information about the cost and availability of raising various amounts of new debt and equity capital for a company: