单选题A municipal bond carries a coupon of 6.75 percent and is traded at par. To a taxpayer in the 28 percent tax bracket, this bond provides an equivalent taxable yield of:
单选题Which of the following most accurately describes the competitive structure that is characterized by a firm that operates with the lowest average total cost and has the capacity to produce all of an industry's output?
单选题Karen, CFA, is the investment manager of a corporate pension plan. Under ERISA, she owes her fiduciary duty to（ ）
单选题Assume an investor is in the 33% marginal tax bracket. He is considering the purchase of either a 8.2% corporation bond that is selling at par or a 5.6% tax-exempt municipal bond that is also selling at par. Given that the two bonds are comparable in all respects except their tax status, the investor should buy the:
单选题An analyst gathered the following annual data for a company:
单选题The major advantage of automatic stabilizers is that:
单选题A公司借入了一笔浮动利率贷款，但该公司希望承担固定利率利息。为了达到上述目标，该公司与B公司签署了一份两年期利率互换协议。根据该份互换协议，贷款总额为100万美元，A公司承担固定利率利息，互换利息每季度支付一次。已知固定利率为4%，浮动利率为90天期LIBOR+0.5%，且假设一年为360天。当前的90天期LIBOR为4.3%，第一季度的90天期LIBOR为4.5%，第二季度的90天期LIBOR为4.6%，第三季度的90天期LIBOR为4.7%，第四季度的90天期LIBOR为5.2%，第二年第一季度的90天期LIBOR为5.0%。试根据上述条件解答问题。
单选题For bonds that are otherwise identical, the one exhibiting the highest level of positive convexity is most likely the one that is:
单选题A bond with a 8.5% yield has a duration of 3.7 and is trading at $143. If the yield decreases to 8.2%, the new bond price is closest to:
单选题根据下表所示的股票回报率联合概率解答问题。表1股票回报率的联合概率表
单选题Do hedge funds typically have a(n) : focus on relative returns? option-like fee structure? ①A. No No ②B. No Yes ③C. Yes No
单选题Wang Dazong, CFA, is a sole proprietor investment advisor
单选题Which of the following is least accurate with regard to advertising for firms operating under monopolistic competition? A. The increase to average total costs associated with advertising increases as output increases. B. Advertising expenses are high relative to perfect competition and monopoly. C. Advertising is necessary to communicate the unique features of a firm's products.
单选题An analyst wants to get, crate a simple random sample of 500 stocks
from all 10000 stocks traded on the New York Stock Exchange, the American Stock
Exchange, and NASDAQ. Which of the following methods is least likely to generate
a random sample?
A. Listing all the stocks traded on all three exchanges in alphabetical
order and selecting every. 20th stock.
B. Writing the name of each stock on a piece of paper, putting them in a
hat, and drawing out 500 names, one at a time.
C. Using the 500 stocks in the S＆P 500.
单选题A corporation issues 5-year fixed-rate bonds
单选题All of the following negatively affect shareholders' proxy voting rights, EXCEPT: A. allowing proxy voting by means other than a paper ballot. B. requiring attendance at the annual meeting. C. scheduling the annual meeting on the same day as other companies in the area, but in different locations.
单选题Which of the following statements about how the features of a bond impact interest rate risk is FALSE? A. Bond price movements depend upon the direction and magnitude of changes in interest rates. B. All else equal, a longer-term bond is more sensitive to interest rates than a shorter-term bond. C. An inverse relationship between interest rates and bond prices means that the greater the change in interest rates, the less the change in fixed-coupon bond prices.
单选题Which of the following will most likely have the least impact on a
corporate bond rating? The:
A. issuing company's debt burden.
B. issuing company's liquidity provision.
C. issuing company's volume of sales.
单选题Which of the following is NOT an advantage of using price-to-book value multiples in stock valuation?
单选题Which of the following is least likely an obstacle to the efficient allocation of resources?