单选题If a non-financial company securitizes its accounts receivable for less than their book value, the most likely effect on the financial statements is to increase:
单选题Adding alternative investments to a portfolio of traditional investments will most likely result in a new combined portfolio with returns and standard deviation that are, respectively:
Returns Standard Deviation
单选题At the start of the year
单选题Which of the following is least likely to reduce the principal-agent problem in enterprise organizations?
单选题Which of the following statements about different types of bonds is least likely correct? A. Municipal bonds are traded primarily on the New York Stock Exchange. B. Tax-backed bonds are backed by the full faith and credit of the issuer's entire taxing power. C. Government-sponsored enterprises issue securities directly in the marketplace, but federally related institutions generally do not.
单选题The total return on a collateralized futures position is composed of the change in: A. futures price plus the interest income on the futures. B. treasuries price plus the interest income on the futures. C. futures price plus the interest income on the Treasuries.
单选题Which of the following describes how issuing zero-coupon bonds affects a companys financial statements?（ ）
单选题A graphic depiction of a continuous distribution that shows the left tail to be longer than the right tail is best described as having:
单选题A bond has a par value of $ 5000 and a coupon rate of 8.5 percent payable semi-annually. The bond is currently trading at 112. 16. What is the dollar amount of the semi-annual coupon payment?
单选题iron Biggs is considering a real estate investment. In the first year, the property is expected to generate revenue of $ 65000. The expense in the first year is $ 25000 and the depreciation allowance will be 2.6 percent of the $ 350000 initial investment. Assuming all cash flows occur at the end of the year and Biggs expects to be in a 35 percent marginal tax bracket, the after-tax cash flow in year 1 is closest to:
单选题Which measure of the labor market includes "discouraged workers"?
单选题The committee charged with recommending a compensation package for members of a firm's board of directors has recommended that in addition to compensation of $10000 for each board meeting attended, board members will be able to use one of the firm's corporate jets up to twice each year and will receive a finder's fee of 0. 1% if they identify an acquisition target that the firm acquires while the member is still on the board. Are these policies consistent with good corporate governance practices? Use of Jet Finder's fees ①A. Yes Yes
②B. No Yes
③C. No No
单选题Why are payments NOT usually netted out in a currency swap?
单选题An analyst does research about a company's inventory management. The company reports a more inventory turnover ratio than the average for its industry. All else being equal, which of the following statements is m.ost accurate? A. This difference is explained by excessive inventory bajance by the company. B. This difference results in a longer cash conversion cycle for the company. C. This difference is explained by effective inventory management by the company.
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?
单选题A perfectly competitive firm will not expand its output beyond the
quantity where:
A. the market price is equal to its marginal cost.
B. its marginal revenue is positive.
C. the marginal cost is greater than marginal revenue.
单选题Steven, CFA, manages a portfolio for Derek, a very wealthy client. Derek"s portfolio is well diversified with a slight tilt toward capital appreciation. Derek requires very little income from the portfolio. Recently Derek"s brother, Simon, has become a client of Steven. Steven proceeds to invest Simon"s portfolio in a similar manner to Derek"s portfolio based on the fact that both brothers have a similar lifestyle and are only two years apart in age. Which of the following statements is most likely correct?
单选题Study the following information, find out the cash conversation cycle. Receivables Turnover: 30 Inventory Turnover: 15 Payable Turnover: 20
单选题Which of the following statements regarding inflation is most accurate?
单选题Which of the following statements regarding economic and technological efficiency is most accurate ? A. A productive process cannot be technologically efficient unless it is economically efficient. B. A technologically efficient production process uses the least amount of nonrenewable resources per unit of output. C. An economically efficient production process must be technologically efficient.