单选题You borrow $15000 to buy a car. The loan is to be paid off in monthly
payments over 5 years at 12 percent annual interest. What is the amount of each
payment?
A. $ 456.
B. $ 334.
C. $ 546.
单选题Consider the hypotheses structured for sample A and sample B as H
0
: σ
A
= σ
B
versus H
a
: σ
A
≠σ
B
, At a 10% level of significance, the null hypothesis:
单选题A mutual fund manager wants to create a fund based on a high-grade corporate bond index. She first distinguishers between utility binds and industrial bonds; she then, for each segment, defines maturity intervals of less than 5 years, and greater than 10 years. For each segment and maturity level, she classifies the bonds as callable or non-callable. For the manager's sample, which of the following best describes to: sampling approach? number of sampling cells? A. simple random sample 3 B. simple random sample 12 C. stratified random sample 12
单选题According to the law of diminishing returns, doubling the number of
salespeople for a firm will most likely result in:
A. doubling the total sales of the firm.
B. more than doubling the total sales of the firm as a result of economies
of scale.
C. increasing the total sales of the firm and reducing the average sales per
salesperson.
单选题The reasons why a mispricing can persist all relate to the idea that:
A. taxes and other transactions costs make exploiting the anomaly
prohibitive.
B. the size of the available profit is too small.
C. an anomaly cannot be quickly exploited by traders or
arbitrageurs.
单选题This information pertains to equipment owned by Brigade Company.
Cost of equipment $10000
Estimated residual value $ 2000
Estimated useful life 5 years
Depreciation method Straight-line
The accumulated depreciation at the end of year 3 is:
单选题Who is most likely responsible for claiming and maintaining compliance with the CFA Institute Global Investment Performance Standards (GIPSY)?
单选题Over the past four years, a portfolio experienced returns of-8%,4%,17%, and -12%
单选题Which of the following statements about securities exchanges is FALSE? A. A stock with a relatively large market volume is most likely to trade in the continuous market. B. A call market is an open-outcry market where bids are called out in a trading pit. C. The price in continuous markets is set by either the auction process or by dealer bid-ask quotes.
单选题In securities exchange markets, a member who executes stop loss or stop buy orders when the specified price occurs is most likely a:
单选题Kristen Chandler, CFA, is an investment consultant in the Tokyo office of Dalton Securities, a major global investment consultant firm. Chandler is preparing to leave Dalton Securities to join a competing company. There is no non-compete agreement between Chandler and Dalton Securities. According to the Professional Conduct Standards,Chandler may: A. take a list of her own clients from Dalton Securities. B. solicit clients of Dalton Securities after leaving but not take any record from Dalton Securities. C. not contact clients of Dalton Securities for a period of 5 year after leaving.
单选题A discrete uniform distribution consists of the following twelve values:
-2
单选题Which of the following is most likely a private equity strategy?
单选题The infinite period DDM assumes which of the following?
单选题Would an increase in net profit margin or in the firm's dividend payout ratio increase a firm's sustainable growth rate? Net profit margin Dividend payout ratio ①A. Yes Yes
②B. No No
③C. Yes No
单选题If A&G Inc."s has annual sale of $300000, average accounts payable of $80000, and average accounts receivable of $70000, A&G"s receivables turnover and average collection period are closest to:
receivables turnover average collection period
① 4.29 times 33.51 days
② 3.12 times 33.51 days
③ 4.29 times 47.10 days
单选题Which of the following entities play a critical role in the ability to
create an asset backed security with a higher credit rating than the
corporation?
A. Rating agencies.
B. Investment banks.
C. Special purpose vehicles (SPVs).
单选题A customized agreement to purchase a certain T-bond next Wednesday for a price of $1000 is:
单选题Edgar, CFA, a financial analyst and avid windsurfer, has begun an investment survey of the water sports leisure industry. His brother sells windsurfing gear and tells him that McGorell 5, the newest product manufactured by McGorell Enterprises, is the "hottest windsurfing rig on the market and will be highly profitable for McGorell Enterprises." Edgar had never heard of McGorell previously but after testing the board himself became very excited about the McGorell 5 and issued an investment recommendation of "buy" on McGorell Enterprises. As a result of issuing the recommendation, Edgar has:
单选题A conditional expectation involves : A. determining the expected joint probability. B. calculating the conditional variance. C. refining a forecast because of the occurrence of some other event.