单选题Which one of the following is NOT a major prediction of the effects of
monetary policy?
A. The inflation rate and money interest rates are directly related.
B. Inflation will remit from the rapid and persistent growth of the money
supper.
C. There is a strict relationship between shifts in monetary policy and
changes in output and prices.
单选题Which of the following is a difference between primary and secondary capital markets? A. Primary capital markets relate to the sale of new issues of bonds, preferred, and common stock, while secondary capital markets are where securities trade after their initial offering. B. Primary markets are where stocks trade while secondary- markets are where bonds trade. C. Both primary and secondary markets relate to where stocks and bonds trade after their initial offering.
单选题Standard Ⅳ (B) Additional Compensation Arrangement, requires that analysts inform their employer regarding additional compensation: A. in writing only, within 60 days after acceptance of the compensation. B. in writing or orally, upon receipt of the compensation. C. in writing only, upon receipt of the compensation.
单选题An analyst does research about beta and gathers the following information about a capital investment project with 30% debt financing and 70% equity financing. The marginal tax rate is 35%. If the unlevered beta of a comparable company is 1.50, the levered beta for the project is closest to: A. 1.08 B. 1.92 C. 3.78
单选题Rita Sang is a member of the XYZ Company Board of Directors. Rita's sister, Sarah Everett, is employed by XYZ as Vice President of Information Systems. Kevin Ritter is also a member of XYZ's Board of Directors and serves on XYZ's internal audit committee. Kevin's son, Cary Ritter, is an audit manager with a major accounting firm. Cary Ritter's firm does not provide audit services to XYZ. Which of the following statements concerning independence is TRUE? A. Kevin Ritter is considered an independent board member but Sang is not considered an independent board member. B. Both Kevin Ritter and Sang are considered independent board members. C. Sang is considered an independent board member but Kevin Ritter is not considered an independent board member.
单选题Tammi Holmberg is enrolled to take the Level I CFA examination
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 yields 6.0%. If the two bonds are alike in all other characteristics, the marginal tax rate that would make the investor indifferent between the two bonds is closest to（ ）
单选题If the money interest rate is measured on the y-axis and the quantity
of money is measured on the x-axis, the money supply curve is:
A. horizontal.
B. upward sloping to the upper right.
C. vertical.
单选题In preparing its cash flow statement for the year ended December 31, 2004, Giant Corporation collected the following data:
Gain on sale of equipment
$ 6000
Proceeds from sale of equipment
10000
Purchase of Zip Co. bonds for
180000 (maturity value $200000)
Amortization of bond discount
2000
Dividends paid
(75000)
Proceeds from sale of Treasury stock
38000 In its December 31, 2004, statement of cash flows, what amounts should Giant report as net cash used in investing activities and net cash used in financing activities? Investing Activities Financing Activities A. $178000 - $ 38000 B. $170000 $ 37000 C. $170000 - $ 38000
单选题Giventhecoveredcalloptiondiagrambelowandthefollowinginformation,whatarethedollarvaluesforpointsXandY?Themarketpriceofthestockis$70,thestrikepriceofthecallis$80,andthecallpremiumis$5.A.$75,andpointYrepresentsadollarvalueof$15.B.$70,andpointYrepresentsadollarvalueof$15.C.$80,andpointYrepresentsadollarvalueof$15.
单选题123, Inc has entered into a "plain-vanilla" interest rate swap on $10000000 notional principal. 123 company receives a fixed rate of 6.5 percent on payments that occur at monthly intervals. Platteville Investments, a swap broker, negotiates with another firm, PPS, to take the pay-fixed side of the swap. The floating rate payment is based on LIBOR ( currently at 4.8 percent). At the time of the next payment (due in exactly one month), 123, Inc will: A. receive net payments of $42500. B. receive net payments of $14167. C. pay the dealer net payments of $14167.
单选题某投资组合由资产A和资产B组成，两类资产的相关数据如下表所示。
投资组合的相关数据
资产A
资产B
投资比例
投资回报率的标准差
70%
0.46
30%
0.35
试根据上述信息解答问题。
单选题GTO Corporation purchased all of the common stock of Charger Company for $ 4 million. At the time, Charger reported total assets of $ 3 million and total liabilities of $ 1 million. At the acquisition date, the fair value of Charger' s assets was $ 3.5 million and the fair value of Charger' s liabilities was $1.3 million. What amount of goodwill should GTO report as a result of the acquisition and is it necessary for GTO to amortize the goodwill? Goodwill Amortization required ①A. $1.8 million Yes ②B. $1.8 million No ③C. $ 2.2 million No
单选题Which of the following statements about investment constraints is FALSE?
单选题The most junior type of municipal bond is the:
单选题Which of the following about a well functioning market is FALSE? A. numerous buyers and sellers are willing to trade at prices about and below the current price. B. the current price of a security fully reflects all the information currently available about the security. C. market participants can buy and sell quickly at a known price.
单选题Is the following statement an accurate description of the account format and report format of presenting a balance sheet?
The account format presents the asset, liability, and equity accounts in a single column while a report format presents the assets, liabilities, and equity in multiple columns
单选题Calculate the current yield and the Yield-to-first Call on a bond with the following characteristics: 5 years to maturity $1000 face value 8.75% semi-annual coupon Priced to yield 9.25% = Callable at $1025 in two years Current Yield Yield-to-Call ①A. 8.93% 11.02% ②B. 9.83% 19.80% ③C. 12.67% 11.02%
单选题What is the yield to call on a bond that has an 8 percent coupon paid annually, $1000 face value, 10 years to maturity and is first callable in 6 years? The current market price is $1100
单选题Which of the following are least likely violations of Standard Ⅰ (D), Misconduct? Being: A. convicted of a felony. B. convicted of a misdemeanor traffic offense. C. intoxicated at the office.