单选题At a charity ball, the names of 300 people are put into a box. Six of the names are identical. On a random draw, what is the probability that one of these six names will be drawn?
单选题James Simone, CFA, the CFO of a publicly listed company, seeks to improve the quality of his companys communication with institutional fund managers
单选题Which of the following is least likely to be considered an obstacle to the efficient allocation of an economy's resources?
单选题Which of the following is most likely to be described as an automatic fiscal policy stabilizer? A. Increase in government spending on defense. B. Cuts in government spending on interstate highways. C. A fixed income tax rate.
单选题Which of the following statements is a key characteristic of Global
Investment Performance Standards (GIPS) ?
A. GIPS require managers to include all actual fee - paying and non - fee -
paying discretionary portfolios in composites defined according to similar
strategy and/or investment objective.
B. GIPS require firms to show GIPS - compliant history for a minimum of ten
years, or since inception of the firm or composite if in existence less than ten
years.
C. GIPS exist as a minimum worldwide standard where local or country -
specific law, regulation, or industry standards may not exist for investment
performance measurement and/or presentation.
单选题An economy has been producing at its full-employment level of output and the price level has been stable. Businesses then begin experiencing unintended decreases in their inventory levels. What does this most likely imply about the short-run outlook for economic growth and inflation? Economic growth Inflation ①A. Increasing Decreasing ②B. Decreasing Increasing ③C. Increasing Increasing
单选题During 2010, Company A sold a piece of land with a cost of $6 million to Company B for $10 million
单选题A country having a current account deficit most likely will still be able to consume more output than it produces by:
单选题When the financial statements materially depart from accounting standards and are not fairly presented, the audit opinion would be a(n):
单选题Which of the following would NOT be a component of cash flow from investing?
单选题The demand for the product of a purely competitive firm is:
A. perfectly elastic.
B. perfectly inelastic.
C. greater than zero but less than one.
单选题As a condition of his employment with an investment bank, Abasi Hasina, CFA, was required to sign an employment contract, including a noncompete clause restricting him from working for a competitor for three years after leaving the employer
单选题A commodities market tends to be in backwardation if:
单选题Which of the following statements about the demand for and supply of money is least accurate? A. As gross domestic product rises, the demand for money balances also rises. B. As the interest rate rises, the demand for money falls. C. As the interest rate rises, the supply of money also rises.
单选题An analysis conducted a significance test to determine if the relationship between two variables was real or the result of chance．His null hypothesis is the that the population correlation coefficient is equal to zero and his alternative hypothesis is that the population correlation coefficient is different from zero．He developed the following information:
Value of the test statistic
2
单选题Compared to investment in a single hedge fund and a fund of fund, the latter will most likely result in a decrease in（ ）
单选题Jodi Lein, small business consultant, is currently working with RJ
Landscaping, a sole proprietorship. She is trying to educate the owner on the
importance of monitoring cash flows. Operating information as of the end of the
most recent month appears below: Cash from sale of truck of $
7000. Cash salaries paid of $17000. Cash from
customers of $ 45000. Depreciation expense of $ 5500.
Interest on bank line of credit of $1000. Cash paid to
suppliers of $ 22000. Other cash expenses, including rent, of $
6300. No taxes due. Using this information, Lein calculates
the cash flow from operations for the month at:
A. $ 1300.
B. $11200.
C. $300.
单选题Assuming a flat term structure of interest rates of 5 percent, the duration of a zero-coupon bond with 5 years remaining to maturity is closest to:
单选题An analyst does research about interest rate risk of fixed income products. With respect to the interest rate risk in an option-free bond, which of the following statements is least accurate? All else being equal, the: A. lower the market yield, the lower the interest rate risk. B. higher the coupon rate, the lower the interest rate risk. C. longer the time to maturity, the greater the interest rate risk.
单选题An investor who wants to estimate the enterprise value multiple (EV/EBITDA) of a company has gathered the following data:
Market value (MV) of debt
$10 million
Market capitalization
$45 million
Cash and short-term investments
$2