单选题Which of the following is TRUE about the consideration of depreciation in the operations section of a cash flow statement? Direct Method Indirect Method A. Considers Considers B. Considers Does not consider C. Does not consider Consider
单选题Anke Sash, CFA, is a portfolio manager
单选题A Canadian printing company that prepares its financial statements according to IFRS has experienced a decline in the demand for its products
单选题Jack Salyers, CFA, is considering starting his own firm to compete with his current employer. He takes several actions before turning in his resignation. Which of the following actions is NOT in violation of Standard Ⅳ (A), Loyalty to Employer? A. Before leaving, Jack solicits his employer's current clients. B. Jack told his employer that he was considering leaving and requested that the employer write him a letter of recommendation. C. Jack took home client lists and investment statements.
单选题An analyst does research about the income elasticity of demand. As income rises from $500 per week to $1500 per week, the quantity demanded for a product increases from 1100 units to 1500 units. the income elasticity of demand is closest to: A. 0.25 B. 0.31 C. 0.40
单选题On 1 January, a company
单选题Using the one-year holding period and multiple-year holding period dividend discount model (DDM), calculate the change in value of the stock of Monster Burger Place under the following scenarios. First, assume that an investor holds the stock for only one year. Second, assume that the investor intends to hold the stock for two years. Information on the stock is as follows: Last year's dividend was $2.50 per share. Dividends are projected to grow at a rate of 10.0% for each of the next two years. Estimated stock price at the end of year 1 is $25 and at the end of year 2 is $30. Nominal risk-free rate is 4.5%. The required market return is 10.0%. Beta is estimated at 1.0. The value of the stock if held for one year and the value if held for two years are: Year one Year two ①A. $25.22 $35.25 ②B. $27.50 $35.25 ③C. $25.22 $29.80 A. ①B. ②C. ③
单选题Data shows that 75 out of 100 tourists who visit New York City visit
the Empire State Building. It rains or snows in New York City one day in five.
What is the joint probability that a randomly choosen tourist visits the Empire
State Building on a day when it neither rains nor snows?
A. 95 percent.
B. 20 percent.
C. 60 percent.
单选题The risk that relates to the amount and timing of cash flows from a mortgage is known as:
单选题Assuming no LIFO liquidation, a LIFO firm reports higher net income than an otherwise identical FIFO firm. Prices must be:
单选题An analyst gathers the following data about the returns for three stocks.
单选题Which of the following statements regarding the use of P/S multiples in stock valuation is least likely to be correct?
单选题If the economy is just coming out of a recession, which one of the following would represent a typical sequence of phases in the business cycle? A. Expansion, business peak, contraction, recession. B. Expansion, business peak, recession, contraction. C. Depression, expansion, business peak, contraction.
单选题Thefollowingdataareavailableforacompanyanditsindustry:Whichofthefollowingstatementsaboutthecompanyismostappropriate?Thecompany:
单选题A firm is considering a $200000 project that will last 3 years and has
the following financial data : Annual after-tax cash flows are
expected to be $90000. Target debt/equity ratio is 0.
4. Cost of equity is 14 percent. Cost of debt
is 7 percent. Tax rate is 34 percent.
Determine the project's payback period and net present value(NPV).
Payback Period NPV ①A. 2.43
years $18716 ②B. 2.22 years
$18716 ③C. 2.43 years $21872
A.①
B.②
C.③
单选题Monthly Gross Domestic Product (GDP) figures from 1990 -2000 are an example of:
单选题The price value of a basis point (PVBP) for a bond is most accurately described as（ ）
单选题An analyst does research about enterprise value and gathers the following information about a company: Cash and short-term investments $25million Market value of outstanding debt $120million Common shares outstanding 40million Current price of common shares $28 Tax rate 35% The company's enterprise value is closest to: A. $975 million. B. $1173 million. C. $1215 million.
单选题A shift in the long-run Phillips curve represents a change in the:
A. actual inflation rate.
B. expected inflation rate.
C. natural rate of unemployment.
单选题A bond is selling for 98.2