单选题Which of the following is NOT a qualitative characteristic accounting information must possess in order to provide useful information to an analyst?
单选题The price of product Z decreased from $2
单选题What happens to bond durations when coupon rates increase and maturities increase? As coupon rates increase, duration: As maturities increase, duration: ①A. decreases decreases ②B. decreases increases ③C. increases increases
单选题Research has revealed that the performance of professional money managers compared to the performance of the market is:
单选题Barracuda Corporation, a U
单选题Assume that the exercise price of an option is $ 6, and the average market price of the stock is $10. Assuming 802 options are outstanding during the entire year, what is the number of shares to be added to the denominator of the Diluted EPS?
单选题Projected net capital expenditures and financing decisions are most important as a component of a firm's:
单选题Which of the following statements regarding the seller of a call and a put is TRUE? A call writer: A. expects the price of the underlying stock to increase above the strike price and a put Writer expects the price of the underlying stock to decrease below the strike price. B. and a put writer both expect the price of the underlying stock to decrease below the strike price. C. expects the price of the underlying stock to decrease below the strike price and a put writer expects the price of the underlying stock to increase above the strike price.
单选题There is a 30 percent probability of rain this afternoon. There is a
10 percent probability of having an umbrella if it rains. What is the chance of
it raining and having an umbrella?
A. 33%.
B.9%.
C. 3%.
单选题There is a bond contains that coupon of $ 80, it pays at the end of each year indefinitely. The coupon payment occurs one year from now and the required rate of return is 12%. What is the bond worth today?
单选题A firm has a capital structure of 60% debt and 40% equity and a dividend payout ratio of 50%. If a surplus results from first-pass pro-forma financial statements based on estimated sales growth and assuming the capital structure and dividend payout ratio are maintained, which of the following changes in assumptions would eliminate any surplus in a single step? A. The entire surplus will be used to pay down long-term debt. B. The dividend payout ratio will decrease to 30%. C. The entire surplus will be used to repurchase common stock.
单选题What type of risk does the bid-ask spread most closely measure?
单选题ThecorrelationbetweenthehistoricalreturnsofStockAandStockBis0.75.IfthevarianceofStockAis0.16andthevarianceofStockBis0.09,thecovarianceofreturnsofStockAandStockBisclosestto:
单选题Lobel Manufacturing is currently running at capacity. Although Lobel cannot immediately fill orders for its product, it is taking orders for future delivery, and has just accepted a $100000 deposit (30 percent of the total) for an order that will be shipped in four months. According to the revenue recognition principle: A. Lobel should recognize the revenue for the entire order when it is shipped to the customer. B. Lobel should recognize the $100000 during the current accounting period because that is when the amount was actually paid. C. The entire (total) amount of the sale price should be recognized during the current accounting period because that is when the sale has been made.
单选题Which of the following is least likely to be a motivation of management to overreport earnings?
单选题An analyst belongs to a nationally recognized charitable organization, which requires dues for membership. The analyst has worked out a deal under which he provides money management advice in lieu of paying dues. While performing services for the organization, the analyst discovers some useful computer programs that his predecessor developed and left as the property of the organization. The analyst decides to use the computer programs in his consulting business. This action is: A. a violation of Standard Ⅲ (B) concerning fair dealing. B. a violation of Standard Ⅰ (D) concerning misconduct. C. appropriate since the analyst is technically an employee of the organization.
单选题For an unconditional probability: A. there are at least two events. B. the joint probability rule is important. C. there is only one random variable of concern.
单选题John, CFA, wants to undertake an independent consulting practice while employed. He must get written permission from both his employer and the company who is hiring the analysts consulting services. According to the AIMR Standards on Professional Conduct, which of the following statements about the permission request is most correct? This permission request to the employer should mention the（ ）
单选题Automatic stabilizers work by:
A. initiating changes in monetary policy without requiring action by the
central bank.
B. instituting counter-cyclical fiscal policy without the delays associated
with policy changes that require legislative action.
C. adjusting interest rates without the delays associated with policy
changes that require action by the central bank.
单选题What is the bank discount yield for a T-bill that is selling for $48 000, with a face of $50 000, and 270 days remaining until maturity?