单选题A noncallable, AA-rated zero-coupon bond with a yield of 7% is least likely to have:
单选题A Canadian printing company which prepares its financial statements according to IFRS has experienced a decline in the demand for its products
单选题Aportfolioconsistsoffourbondswiththefollowingcharacteristics:BondMarketValueDurationA$1.2million3.2B$3.4million7.6C$2.9million12.4D$1.6million1.5Thedurationoftheportfolioisclosestto:
单选题Proper timing of fiscal policy is important if the government is to:
单选题With respect to discretionary changes in both monetary and fiscal
policy, the time period necessary to gather and tabulate reliable information
about an economy's performance is best described as the:
A. impact lag.
B. recognition lag.
C. administrative lag.
单选题The Objectives part of the investment policy statement serves to:
单选题Which of the following statements regarding the verification of a companys claim to be in compliance with the GIPS standards is NOT true?（ ）
单选题The current ratio for an industry is 3.2
单选题Barnes Company issues a bond at a premium to fund a capital project. With respect to the effective interest method, in each subsequent year, the reported annual interest expense for this bond will most likely: A. decrease. B. remain the same. C. increase.
单选题The consumer price index tends to:
A. overstate the inflation rate, because its market basket is fixed and does
not consider that consumers will substitute away from goods that have risen
dramatically in price.
B. overstate the inflation rate because its market basket is variable and
takes into consideration that consumers will substitute away from goods that
have risen dramatically in price.
C. understate the inflation rate because its market basket is fixed and does
not consider that consumers will substitute away from goods that have risen
dramatically in price.
单选题If the U.S. Federal Reserve (the Fed) sells government securities, what will most likely be the impact on the real interest rate, inflation rate, employment rate, and real GDP in the short run?
Inflation Rate Real Interest Rate Real GDP Employment Rate
①A. Decrease Increase Decrease Decrease
②B. Decrease Decrease Decrease Increase
③C. Increase Decrease Increase Increase
A. ①B. ②C. ③
单选题An investor is considering the purchase of two bonds. One of the bonds is tax-exempt and yields 4.5% while the other bond is taxable and yield 6.0%. If the two bonds are alike in all other characteristics, the rate that would make the investor indifferent between the two bonds is closest to:
单选题Under last in first out (LIFO) accounting during periods of inflation, when a firm sells a greater quantity of its inventory than it produces or acquires, the result is: A. an understatement of the cost of goods sold. B. lower earnings. C. an increase in the leverage multiplier.
单选题An analyst is evaluating various debt securities issued by a company. The type of security that is most likely to yield the lowest recovery in a bankruptcy is a:
单选题The following data applies to LeVeit Company: LeVeit has a target debt-to-equity ratio of 0.5. LeVeit's bonds are currently yielding 10%. LeVeit is a constant growth firm that just paid a dividend of $ 3.00. LeVeit's stock sells for $ 31.50 per share. Return on Equity (ROE) is 20%. The dividend payout ratio is 75%. The company's marginal tax rate is 40%. The company's weighted after-tax cost of capital is
单选题The following data applies to the XTC Company:
Sales = $1000000
Receivable = $ 260000
Net Income = $ 50000
COGS = $ 800000
Total Assets = $ 800000
Payables = $ 600000
Debt/Equity = 200%
Inventory = $ 400000
What is the average collection period, the average inventory processing period, and the payables payment period respectively for XTC Company?
Average Average Inventory Payables
Collection Period Processing Period Payments Period
①A. 55 days 195 clays 231 days
②B. 95 days 183 clays 274 days
③C. 45 days 45 days 132 clays
单选题Bill Jones is creating a charitable trust to provide six annual
payments of $ 20000 each, beginning next year. How much must Jones set aside now
at 10 percent interest compounded annually to meet the required disbursements?
A. $ 95815.74.
B. $ 87105.21.
C. $169743.42.
单选题Selected financial information gathered from Alpha Company and Omega Corporation follows:
Alpha
Omega
Revenue
$1650000
$1452000
Eamings before interest, taxes depreciation, and anortization
69400
79300
Quickassets
216700
211300
Average fixed assets
300000
323000
Current liabilities
361000
404400
Interest expense
44000
58100
Which of the follo
单选题Which of the following policy tools is least frequently used by the U. S. Federal Reserve? A. Changing the discount rate. B. Engaging in open market operations. C. Changing bank reserve requirements.
单选题Vega research has been conducting investor polls for Third State Bank. They have found the most investors are not willing to tie up their money in a 1-year (2-year) CD unless they receive at least 1.0% (1.5%) more than they would on an ordinary savings account. If the savings account rate is 3%, and the bank wants to raise funds with 2-year CDs, the yield must be at least（ ）