单选题The central limit theorem concerns the sampling distribution of the:
单选题Financial risk is most likely affected by:
单选题The marginal benefit from consuming the fourth unit of a product is $34, and the marginal cost to the producer of the fourth unit is $25. Under these circumstances, which of the following statements is most accurate?
单选题Analysis using the AS-AD model suggests that if expected inflation
equals actual inflation:
A. unemployment will rise.
B. unemployment will fall.
C. the economy will remain at full-employment GDP.
单选题Asampleof240managedportfolioshasameanannualreturnof0.11andastandarddeviationofreturnsof0.23.Thestandarderrorofthesamplemeanisclosestto:
单选题Assume you purchased 1500 shares of a stock on margin at $34 per share. The initial margin rate is 40%, and the minimum maintenance margin is 25%. Assume no dividends, commissions, or margin interest. Below what stock price would you receive a margin call?
单选题The tendency to commit additional funds to a position that has decreased in value is known in behavioral finance as:
单选题If the distribution of the population from which the samples are drawn is positively skewed, and given that the sample size is large, the sampling distribution of the sample means is most likely:
单选题The point of tangency between the capital allocation line (CAL) and the efficient frontier of risky assets most likely identifies the:
单选题The forward contract price of a coupon-bearing bond is typically quoted as: A. the bond dollar-price plus accrued interest as of the settlement date. B. a discount to the face value. C. a yield to maturity at the settlement date.
单选题A disadvantage of relying solely on the comparative sales approach to valuing real estate is that the approach : A. does not reflect the fact that all properties are unique in some respect. B. relies on selling prices, not asking prices. C. requires estimating a market capitalization rate.
单选题What is the price-weighted index of the following three stocks?
As of December 31, 2001
Company
Stock Price
Shares Outstanding
A
$50
10000
B
$35
20000
C
$110
30000
A. 65.
B. 75.
C. 80.
单选题Geno Potosi is delivering a lecture on the Phillips curve model, during which he makes the following two statements:
Statement 1: If expected inflation is less than actual inflation, the short-run Phillips curve shows that the unemployment rate will increase.
Statement 2: The negative relationship between the inflation rate and unemployment rate does not hold in the long run because the expected inflation rate adjusts to the actual performance of inflation.
Are Potosi's two statements correct?
Statement 1 Statement 2
①A. Correct Correct
②B. Incorrect Correct
③C. Correct Incorrect
A. ①B. ②C. ③
单选题Which of the following statements best describes the impact of a valuation allowance on the financial statements? A valuation allowance: A. increases reported income, reduces assets, and reduces equity. B. reduces reported income, reduces assets, and reduces equity. C. increases reported income, increases liabilities, and reduces equity.
单选题Addison Corporation reported the following inventory transactions (in chronological order) for the year:
purchase
40 units at $30
20 units at $40
90 units at $50
sales
13 units at $35
35 units at $45
60 units at $60
Assuming inventory at the beginning of the year was zero, calculate the year-end inventory using FIFO and LIFO.
FIFO LIFO
① $5220 $1040
② $2100 $1280
③ $2100 $1040
单选题Which type of unemployment describes a situation where workers who
have been laid off due to economic changes and they are unable to find work due
to a lack of education or the necessary skills to move into another available
job?
A. Structural.
B. Frictional.
C. Cyclical.
单选题Jessica Walters, CFA, is a portfolio manager and manages portfolios of a number of high-net-worth retail and institutional clients. Walters receives an allocation of oversubscribed initial public offering of a highly-speculative and risky firm manufacturing pharmaceutical. Walters allocates the stock on a pro rata basis to only those clients who are suitable for the stock according to their investment policy statements. Walters most likely violated the Standards of Professional Conduct? A. No. B. Yes, relating to fair dealing. C. Yes, relating to suitability.
单选题The following sample of 10 items is selected from a population. The population variance is unknown.
10
20
-8
2
-9
5
0
-8
2
3
The standard error of the sample mean is closest to:
单选题An investor buys a stock at $90 and also buys a put option on
the stock with a put price of $4 and having an exercise price of $80. At
expiration of the put option, the stock price has fallen to $60. The loss
for the investor's position would be :
A. $6.
B. $14.
C. $16.
单选题Which of the following statements is most accurate?