单选题Compared with investment in an open-ended index mutual fund, which of these is least likely a benefit to an investor in an index exchange traded fund (ETF) on the same index?
单选题Suppose a stock has a dividend payout ratio of 40 percent, a required rate of return of 15 percent and an expected growth rate of dividends of 10 percent. What is the P/E ratio of the stock?
单选题For a demand-pull effect or a cost-push effect to cause inflation:
单选题An analyst does research about financial statements. A company's employee benefit plans are most likely disclosed in: A. management's discussion and analysis. B. the notes to the financial statements. C. management's report on internal control.
单选题A stock has a beta of 0.9 and an estimated return of 10%. The risk-free rate is 7%, and the expected return on the market is 11%. According to the CAPM, this stock:
单选题Tonya Tucker, CFA, is a financial analyst at Bowron Consolidated
单选题A natural monopoly may exist when:
A. economies of scale are great.
B. AC increases as output increases.
C. all production is divided up between just a few firms.
单选题Which of the following regarding bond market indexes is FALSE?
A. There are more bond issues than stocks.
B. The price volatility of bonds is constantly changing due to the influence
of maturity and market yield on bond durations.
C. The bond universe is more stable than the stock universe.
单选题An investor is considering purchasing shares of the ABC fund that has an NAV equal to $12.14. Given that the current market price is $14.82, which of the following statements is most accurate?
单选题An analyst does research about opportunity cost and gathers the following information about three fixed income products available for the public: Fixed Income Product Interest Rate 1 3.3% 2 4.4% 3 6.6% If each fixed income product has the same maturity and default risk, the opportunity cost of investing in product 2 is closest to: A. 0.0% B. 1.1% C. 2.2%
单选题Prior to expiration, the maximum value of an Americana call option and an American put option, respectively, is closest to the: American put option American call option ①A. Exercise price Exercise price ②B. Exercise price Underlying price ③C. Underlying price Exercise price
单选题Firebird Company reported the following financial information at the
end of 2007 (in millions) :
Merchandise inventory
$240
Minority interest
70
Cash and equivalents
275
Accounts receivable
1150
Accounts payable
225
Property & equipment
2160
Accrued expenses
830
Current portion of long-term debt
120
Long-term debt
1570
Retained earnings
4230 Calculate
Firebird' s current assets and working capital.
Current assets
Working capital ①A. $1665
million $ 420
million ②B. $ 1735 million
$ 490 million
③C. $1665 million
$ 490 million
A. ①
B. ②
C.③
单选题An equity portfolio manager is evaluating her sector allocation strategy for the upcoming year
单选题Land is best characterized as:
单选题The risk free rate is 5 percent and the expected market return is 15 percent. A portfolio manager is projecting a return of 20 percent on a portfolio with a beta of 1.5. After adjusting for risk, this portfolio's return will:
单选题Which of the following yields least likely represents a spot rate?（ ）
单选题Which of the following statements about the effects of interest rate
volatility on value of bonds with embedded options is least accurate?
A. As yield volatility increases, the value of a put-able bond
increases.
B. A put-able bond's value is its straight bond value plus the value of the
embedded put option.
C. A callable bond's value is its straight bond value plus the value of the
embedded call option.
单选题Assume the tax rate is constant, based on the following information, calculate the balance of the deferred tax account at the end of the second year? The company acquired the asset for $ 8000. The asset will generate $ 5000 a year. The company's tax rate is 40%. For tax purposes, the asset can be straight-line depreciated over 4 years. For financial accounting purposes, the asset is depreciated straight-line over 5 years.
单选题According to the IFRS Framework, which of the following qualitative characteristics most likely indicates that different knowledge and independent observers would agree that the information presented faithfully represents the economic phenomena it purports to represent? A. Verifiability. B. Comparability. C. Understandability.
单选题The Alphabet Soup Company sold $500 of vegetable soup on credit