单选题Cyclical unemployment is closely associated with:
单选题Which of the following is least likely a feature that monopolistic
competition and perfect competition have in common?
A. Output occurs where MR=MC.
B. Zero economic profits in the long run.
C. Extensive advertising to differentiate products.
单选题ThefollowingtableshowsdataforthestockofJKUandamarketindex.ExpectedreturnofJKU15%Expectedreturnofmarketindex12%Risk-freerate5%StandarddeviationofJKUreturns20%Standarddeviationofmarketindexreturns15%CorrelationofJKUandmarketindexreturns0.75Basedonthecapitalassetpricingmodel(CAPM),JKUismostlikely:
单选题If D represents checkable deposits, R represents reserves and r
represents the required reserve ratio, the equation that expresses the
relationships among the variables is:
A. D=R/r.
B. R=D/r.
C. r=D/R.
单选题Which of the following statements regarding a country risk premium is TRUE? A. Country risk arises from expected economic and political events. B. Firms in different countries assume significantly different financial risk. C. Exchange rate risk is relatively small and can be ignored.
单选题With respect to closed-end investment companies, generally they: A. buy shares back from investors who want to sell. B. have the market price of their shares determined by supply and demand. C. sell additional shares only through the secondary market.
单选题An analyst does research about equity swap. An investor enters into a threemonth equity swap on a notional principal of $1000000 with the following terms: ·The investor pays the return on an equity index, which is 2308.55 at inception. ·The investor receives a fixed rate of 8.00% with a 30/360 count convention. If the ending equity index value is 2059.15, the net cash flow to the investor is closest to: A. $47008 B. $88033 C. $128033
单选题Which statement about equity forward contracts is least likely accurate? A. Investors can use equity forward contracts to speculate on stock-price increases. B. Dividend payments are usually included in equity forward contracts. C. Equity forward contracts may require asset delivery or cash settlement.
单选题Which of the following best describes the importance of the policy statement? It: A. limits the risks taken by the investor. B. maximizes the returns to the investor. C. states the standards by which the portfolio's performance will be judged.
单选题Producer surplus is most accurately defined as the.
A. difference between the opportunity cost of producing the last unit of a
good or service and the price received for that unit.
B. sum of the differences between the marginal benefit and the marginal cost
for each unit of good produced and consumed over the total number of units
produced and consumed.
C. sum of the differences between the price received for each unit of good
produced and the opportunity cost of each unit.
单选题When a risk-free asset is combined with a portfolio of risky assets, which of the following is least accurate? A. The standard deviation of the return for the newly created portfolio is the standard deviation of the returns of the risky asset portfolio multiplied by its portfolio weight. B. All risk-return combinations between the risk-free asset and the risky asset portfolio can be represented by a straight line that connects the point in the risk-return plane representing the risk-free asset, with the point representing the risky asset portfolio. C. The variance of the resulting portfolio is a weighted average of the returns variances of the risk-free asset and of the portfolio of risky assets.
单选题The motivation for entering into a swap agreement is that:
单选题A&G Inc."s purchases during the year were $300000. The balance sheet shows an average accounts payable balance of $42000. A&G"s payables payment period is closest to:
单选题In the mid 1980s J
单选题A long interest rate call and a short interest rate put is an equivalent position to（ ）
单选题Consider a stock put option with the following characteristics:
Type of option: put option on stock
Underlying asset: 100 shares of Dow Chemicals
Exercise price : ______
Premium: $1.44 per share
Expiration date : October
If the expiration-day price of Dow Chemicals were ST = $79.25,
and this were known to be the breakeven dock price, what would the exercise
price of the option be?
单选题The kinked demand model assumes that at prices above the current price, the demand curve becomes: A. more elastic because competitors will increase their prices. B. less elastic because competitors will not increase their prices. C. more elastic because competitors will not increase their prices.
单选题The required rate of return on equity used as an input to the dividend discount model is influenced by each of the following factors EXCEPT: A. the expected inflation rate. B. the stock's appropriate risk premium. C. the stock's dividend payout ratio.
单选题The theory that the rate of growth in potential GDP fluctuates because technology change leads to cycles in the rate of productivity growth is known as:
单选题Which of the following statements regarding early termination of a forward contract is TRUE?