单选题Which of the following statements is least accurate? According to the quantity theory of money: A. velocity is determined by institutional factors. B. inflation is a function of increases in the money supply. C. the price level is equal to the quantity of output divided by the money supply.
单选题Consider two ten-year bonds, one that contains no embedded options and the other that gives its owner the right to convert the bond to a fixed number of shares of the issuers common stock
单选题Which of the following statements is least accurate?
单选题The following information is available about a manufacturing company:
$ million
Cost of ending inventory computed using FIFO
4
单选题Several years ago, Simon Ma, CFA, founded an investment club with three friends. The investment club's account grew rapidly to a substantial size, but the club has not actively traded the account for at least a year and does not plan to resume active trading of the account. Simon's employer requires an annual disclosure of employee stock ownership. Simon discloses all of his personal trading accounts., but does not disclose his holdings in the investment club. Has Simon most likely violated any CFA Institute Standards of Professional Conduct? A. No B. Yes, with respect to fiduciary duty. C. Yes, with respect to confilicts of interest.
单选题Using the following information
单选题A low price range in which buying activity is sufficient to stop a price decline is best described as:
单选题Euribor would most likely be the interest rate quoted on a large:
单选题If an institutional investor wants to borrow money for 30 clays to
finance a bond purchase, which of these is most likely to be the lowest loan
rate available?
A. repo rate
B. call money rate
C. broker loan rate
单选题An American call has a strike price of $60 and expires in 1.5 years. The current price of the underlying is $58.5 and the risk-free rate is 3.5%. The minimum value of this call is: A. $0 B. $0.53 C. $1.52
单选题A CFA charter holder is caught shoplifting and is sentenced to nine months in prison
单选题Monique Gretta, CFA, is a research analyst at East West Investment Bank
单选题Which of the following is a difference between an on-the-run and an off-the-run issue?
单选题When an economy dips into a recession, automatic stabilizers will tend
to alter government spending and taxation so as to:
A. reduce the budget deficit (or increase the surplus).
B. enlarge the budget deficit (or reduce the surplus).
C. ensure that the budget will remain in balance.
单选题Which of the following statements about tax deferrals is FALSE?（ ）
单选题A company has the following changes in its balance sheet accounts:
单选题Nortel Industries has a preferred stock outstanding that pays (fixed) annual dividends of $3.75 a share. If an investor wants to earn a rate of return of 8.5 percent, how much should he be willing to pay for a share of Nortel preferred stock?
单选题An analyst gathers the following information ($millions) for two companies operating in the same industry during the same period:
单选题In selecting a comparable company for purpose of estimating beta, the most appropriate selection criterion is based on: A. business risk. B. financial risk. C. firm specific risk.
单选题Allelsebeingequal,specifyingalowersignificancelevelinahypothesistestismostlikelytoincreasetheprobabilityofa: