单选题The full price of a bond（ ）
单选题Edwin, CFA, obtained a copy of a computerized stock selection model
designed by a former MBA classmate who is a Wall Street analyst. After spending
some time reviewing the program and making some adjustments, Edwin showed the
new model to his supervisor. His supervisor said he did a great job and told
Edwin to incorporate the new model in his next industry review. He called his
old classmates for permission, and she told him to go head and use the model,
which he did without reference to his former classmate. Edwin has:
A. violated Standard Ⅰ (Ｃ) Misrepresentation.
B. violated Standard Ⅲ (Ｅ) Preservation of Confidentiality.
C. violated Standard Ⅴ (Ｂ) Communication with Clients and Prospective
Clients.
单选题Swap contracts typically: A. are standardized contracts. B. cover a single payment. C. do not require a payment from either party at initiation.
单选题Regarding the cost-push and demand-pull inflation processes, which requires repeated expansionary actions by governmental policy makers?（ ）
单选题An analyst does research about risk management application of option strategies. An investor who initiates a covered call strategy gathers the following information: Stock price $60.55 Strike price $65.17 Call price $3.14 The maximum profit for this position is closest to: A. $1.48 B. $4.62 C. $7.76
单选题At the start of a month, a retailer paid $5,000 in cash for candies
单选题The financial manager at Kyser Jones is considering two mutually exclusive projects with the following projected cash flows:
Projected Cash Flows
Year
Project M
Project Z
0
-$60000
-$60000
1
22500
0
2
22500
0
3
22500
0
4
22500
111000 If Kyser Jones' required rate of return is 11 percent, which project would be chosen and why? A. Project M, because it has the higher internal rate of return. B. Project Z, because it has the higher net present value. C. Both projects, because their net present values are positive.
单选题Which of the following most accurately describes a distribution that is more peaked than normal?
单选题An equity analyst follows two industries with the following characteristics
单选题John Klement is a soybean farmer who harvests 125000 bushels of soybeans annually. Klement's fixed costs are $ 200000 and his variable costs are $ 5 per bushel. Soybeans are currently priced at $ 5.35 per bushel. Based on his estimates, Klement sees soybean prices being relatively stable for the next two years, then increasing to $7.00 per bushel due to increased demand from Japan. What action should Klement take? Klement should: A. shut down for two years and then restart his business. B. cut his production by 50% for the next two years and then resume full production. C. continue operating his business as usual.
单选题The combination of currency in circulation, banks' reserve deposits at the central bank, and coins issued by the Treasury is referred to as the:
单选题Jasper Corporation sold its receivables to another corporation, JTL, created by Jasper for that purpose. If JTL sells securities backed by the receivables, the credit rating associated with those securities will most likely be based on the: A. creditworthiness of JTL. B. creditworthiness of Jasper. C. collateral and credit enhancement mechanisms used.
单选题Which of the following statements about closing a futures position through delivery is most accurate? A. Delivery is also known as exchange for physicals (EFP). B. Depending on the wording of the contract, a trader may close a contract by either delivering the goods to a designated location or by making a cash settlement of any gains or losses. C. Although the popularity of physical delivery has decreased over time, delivery by cash settlement remains the most popular method of closing a futures position.
单选题When a deferred tax liability account reverses it means that:
A. cash flows have been lessened by the amount of the reversal.
B. the actual tax bill is equal to the tax expense reported in the income
statement.
C. the actual tax bill is greater than the tax expense reported in the
income statement.
单选题Ananalystusesavaluationmodeltoestimatethevalueofanoption-freebondat92.733toyield11%.Ifthevalueis94.474fora60basispointdecreaseinyieldand91.041fora60basispointincreaseinyield,theeffectivedurationofthebondisclosestto:
单选题Indata Company sold a specially manufactured item for $ 5000000 on December 31,2006. The item was sold on an installment sale basis, with $1000000 paid on the date of the sale and $ 4000000 to be paid in four annual installments of $1000000 plus interest at the market rate of 6 percent. Indata' s tax rate is 40 percent and its costs to construct the item were $ 2500000. Indata recognizes the entire amount of the sale as income on the date the sale is made for accounting purposes, but not until cash is received for tax purposes. On its balance sheet dated December 31,2006, Indata will, as a result of the transaction described above, increase its deferred tax:
单选题A bond was purchased exactly one year ago for $910 and was sold today
for $1020. During the year, the bond made two semi - annual coupon payments of $
30. What is the holding period return ?
A. 6.0%.
B. 12.1%.
C. 18.7%.
单选题A firm using straight-line depreciation reports the following financial information: Gross investment in fixed assets of $ 89167205. Accumulated depreciation of $ 35341"/73. Annual depreciation expense of $ 3885398. The approximate age of the fixed assets is:
单选题An investor has just purchased a Treasury bill for $99400
单选题An analyst does research about comprehensive income and gathers the following information about a company: ·Net income is $1500000 ·Unrealized losses on derivative contract accounted for as a hedge is $500000 ·Unrealized gains on security classified as a trading security is $250000 ·Losses on foreign currency translation is $600000 According to U. S. GAAP, the company's comprehensive income is closest to: A. $150000 B. $400000 C. $750000