单选题An analyst does research about marginal cost and average cost. In the short run, when a firm's output increases beyond the point at which marginal cost equals average variable cost, average fixed cost: A. and average total cost both increase. B. decreases and average variable cost increases. C. decreases and average total cost increases.
单选题Which of the following statements about zero-coupon bonds is FALSE? A. The lower the price, the greater the return for a given maturity. B. A zero-coupon bond provides a single cash flow at maturity equal to its par value. C. A zero coupon bond may sell at a premium to par when interest rates decline.
单选题Marko Tskitishvili, an economist, has been studying the drop in the
price of the average household computer in the U.S. and wonders if computers
should still be considered a luxury good or if it has now become a normal good.
He conducts a survey of 500 people and finds the following:
1998
2005
Avg．Household Income
$41000
$53000
Avg．Computers Purchased per Household
0.42
0.57 Assume that
1998 is the base date. Based on the above data, Tskitishvili
would conclude that a computer is a:
A. luxury good with income elasticity of 1.01.
B. normal good with income elasticity of 0.84.
C. luxury good with income elasticity of 1.18.
单选题For a given corporation, which of the following is an example of a
conditional probability? The probability the corporation's :
A. earnings increase and dividend increases.
B. financial condition improves.
C. dividend increases given its earnings increase.
单选题Which of the following items is NOT found in the financing cash flow
part of the statement of cash flows?
A. Dividends paid.
B. Change in paid-in capital.
C. Change in retained earnings.
单选题Which of the following statements about growth company and growth stock analysis is least likely to be correct?
单选题All else equal, as the correlation of returns among a set of securities decrease, will a portfolio composed of those securities most likely experience an increase in expected: Return ? Risk ? ①A. Yes No ②B. Yes Yes ③C. No No
单选题Other factors being equal, which of the following values for the required rate of return and dividend growth rate, respectively, would produce the highest earnings multiplier for a stock? Required rate of return Dividend growth rate A. 16. 3% 7.6%
B. 17.2% 8.9%
C. 19.5% 11.6%
单选题All of the following activities might constitute a violation of Standard Ⅳ(A), Loyalty to Employer, EXCEPT（ ）
单选题The use of estimates in financial reporting is best described as:
单选题An investor expects a stock currently selling for $ 20 per share to
increase to $ 25 by year - end. The dividend last year was $1 but he expects
this year's dividend to be $1.25. What is the expected holding period return on
this stock?
A. 28.50%.
B. 24.00%.
C. 31.25%.
单选题Information related to Bledsoe Corporation's inventory, as of December 31,2007, follows:
单选题The full price of a bond: A. is the price that includes accrued interest. B. is equivalent to a bond trading "flat. " C. includes commissions and taxes.
单选题A bond portfolio manager owns $ 5 million par valfie of a noncallable bond issue. The duration of the bonds is 5.6 and the current market value of the bonds is $5125000. If yield decline by 25 basis points, the approximate new price of the bonds after the decline in yield will be closest to:
单选题For an economy operating at full employment, the major long-term
impact of increasing the money supply will be:
A. lower interest rates.
B. higher output.
C. higher prices.
单选题Which of the following is most likely to be described as an automatic fiscal policy stabilizer?（ ）
单选题Sherry Buckner, CFA manages equity accounts for government entities whose portfolios are conservative and risk averse
单选题Joan Tasha, CFA, a supervisor at Olympia Advisors (OA), wrote and implemented compliance policies at her firm
单选题Unlike the U. S. Generally Accepted Accounting Policies (U. S. GAAP) Framework, the International Financial Reporting Standards (IFRS) Framework most likely establishes a hierarchy of: A. rules-based approach. B. principles-based approach. C. objectives-oriented approach.
单选题An analyst does research about correlation. The correlation of return between two securities with equal standard deviation is 0.75. If the covariance of returns in 5.5, the standard deviation of return of one security is closest to: A. 2.7% B. 5.7% C. 7.3%