单选题BIM Technologies Inc. is a large firm in a competitive industry. The company has above-average investment opportunities and its return on investments has been above the company"s required rate of return. In addition, BIM has invested heavily in fixed assets and technology to reduce its production costs. The company has also increased its advertising budget substantially to establish a strong brand image for its products. From the above description, BIM is best characterized as a
单选题Consider a 10 - year annuity that promises to pay out $10000 per year; given this is an ordinary annuity and that an investor can earn 10 percent on her money, the future value of this annuity, at the end of 10 years, would be:
单选题Susan Bellows is comparing the return on equity for two industries. She is convinced that the return on equity for the discount retail industry (DR) is greater than that of the luxury retail (LR) industry. What are the hypotheses for a test of her comparison of return on equity? A. H0: μDR=μLRVersus Ha: μDR≠μLR B. H0: μDR＜=μLRVersus Ha: μDR＞μLR C. H0: μDR≠μLRVersus Ha: μDR=μLR
单选题All of the following are components of the Code of Ethics EXCEPT: A. striving to maintain and improve their competence and the competence of others in the profession. B. demonstrating diligence, independence, and thoroughness when preparing investment reports. C. acting with integrity, competence, respect, and in an ethical manner when dealing with others.
单选题A firms estimated costs of debt, preferred stock, and common stock are 12%,17%, and 20%, respectively
单选题In general, which of the following institutions will most likely have a high need for liquidity and a short investment time horizon?
单选题If event A and event B cannot occur simultaneously, then events A and B are said to be:
单选题Frictional unemployment results from: A. inflexible wages in the marketplace. B. recessionary business conditions and inadequate aggregate demand for labor. C. constant changes in the economy that prevent qualified unemployed workers from being immediately matched up with existing job openings.
单选题Are the following statements about copyrights and patents acquired from an independent third party, correct or incorrect? Statement 1: Copyrights and patents are tangible assets that can be separately identified. Statement 2: Purchased copyrights and patents are amortized on a straight line basis over 30 years. Statement 1 Statement 2 ①A. Incorrect Correct ②B. Correct Incorrect ③C. Incorrect Incorrect
单选题Edward Murray and Kelvin Rippen, economists at M-R Associates, are asked for their opinions on the effects of higher-than- expected inflation. Murray states that higher-than-expected inflation hurts lenders and helps borrowers. Rippen contends that higher-than-expected inflation causes the real interest rate to be lower than expected. Regarding the statements made by Murray and Rippen: Murray Rippen ①A. Correct Incorrect ②B. Incorrect Correct ③C. Correct Correct
单选题Government policies to stimulate an economy suffering a recession and designed to reduce unemployment in the short run are most likely directed towards reducing which type of unemployment?
单选题A company and its bank have entered into a currency swap in which the company pays USD to the bank
单选题An analyst does research about the classification of products. If income increases from $36 000 to $40000, and the quantity demanded for a product increase from 101 to 121, the product is best described as a(n): A. necessity goods. B. normal goods. C. inferior goods.
单选题For a lessor, a sales-type lease results in:
单选题Ananalystgatheredthefollowinginformationaboutacompany:Thestockiscurrentlysellingforpershare.Whichofthefollowingbestcharacterizesthe:Intrinsicvalueofthestocktypeofstock①A.Cyclical②B.Speculative③C.SpeculativeA.①B.②C.③
单选题Which of the following best describes a Treasury note? Pays: A. implicit interest; is non-callable; has a 2- to 10-year maturity. B. explicit interest; is callable; has a 1- to 15-year maturity. C. explicit interest; is non-callable; has a 2- to 10-year maturity.
单选题Because copper producers are allowed to release harmful chemicals into
the air, the industry supply curve is not the marginal social cost curve. Given
this situation and a copper market that is otherwise competitive, copper
producers will
A. produce less than the efficient amount of copper, an example of the "free
rider" problem.
B. produce less than the efficient amount of copper, resulting in a dead
weight loss from underproduction.
C. produce more than the efficient amount of copper, resulting in a
deadweight loss from overproduction.
单选题Consider a 25-year, $1000 par semiannual-pay bond with a 7.5% coupon and a 9.25% YTM. Based on a yield change of 50 basis points, the effective duration of the bond is closest to:
单选题A stockbroker who is a member of CFA Institute has a part - time
housekeeper who also works for the CEO of Festival, Inc. One day the housekeeper
mentions to the broker that she saw the CEO of Festival having a conversation at
his home with John Tater, who is a nationally known corporate lawyer and
consultant. The stockbroker is restricted from trading on this information:
A. if the housekeeper says the meeting concerned a tender offer and the
broker knows that it is non - public information.
B. only if the broker knows that the meeting is non -public
information.
C. if the broker is friends with the CEO of Festival.
单选题Which of the following is least accurate to describe the assumption of technical anajysis? A. Markets are efficient and rational. B. Markets are influenced by irrational and rational investors. C. Trends and patterns tend to repeat themselves and therefore predictable.