单选题Investing in distressed securities and venture capital investing are similar in all of the following ways EXCEPT :
单选题Prior to expiration, an American put option on a stock: A. is bounded by S-X/(1 +RFR)T B. will sell for its intrinsic value. C. will never sell for less than its intrinsic value.
单选题An analyst has been covering a particular firm for years. Recently, the analyst's uncle died and left the analyst a sizable position in the firm's stock. The analyst needs to: A. refuse to receive the stock in the first place. B. sell the stock and donate the proceeds to a charitable organization. C. disclose the ownership of the stock to his supervisor.
单选题Danielle Deschutes, CFA, is a portfolio manager who is part of a 10-person team that manages equity portfolios for institutional clients
单选题During 2010
单选题Which of the following statements concerning security valuation is FALSE? A. Accounting methods may differ substantially between countries. B. To value any security, you need to know the projected cash flows, their timing, and the required rate of return. C. If the return on new investments is less than the return the firm is earning on its existing investments, the firm is considered a growth firm.
单选题A capital lease requires rental payment of $2000 annually. Fair value of the leased equipment at inception of the lease is $10000 and the implicit interest rate is 12 percent. If the present value of the lease equals the fair value of the equipment at inception of the lease, the interest expense recorded by the lessee in the second year of the lease is closest to:
单选题Based on the concept of diminishing returns, as the quantity of output
increases, the short-run marginal costs of production eventually:
A. rise at a decreasing rate.
B. rise at an increasing rate.
C. fall at an increasing rate.
单选题Which of the following statements about the risks associated with investing in bonds is least accurate?（ ）
单选题The following data pertains to a company"s common-sized financial statements.
Current assets 40%
Total debt 40%
Net income 16%
Total assets $ 2000
Sales $1500
Total asset turnover ratio 0.75
The firm has no preferred stock in its capital structure.
The company" s after-tax return on common equity is :
单选题Do options and futures, respectively, most directly reveal the prices or the volatility of their underlying assets? Options Futures ①A. Prices Prices ②B. Volatility Volatility ③C. Volatility Prices
单选题If the market demand for a product decreases in a competitive market, then the quantity supplied by an individual firm will:
单选题Bryan Barrett, CFA has an investment advisory service providing advice on gold and other commodities to several large retail banks
单选题Professional organizations of accountants and auditors that establish financial reporting standards are called:
单选题According to the CFA Institute Standards of Practice handbook, insider trading is the least likely to be prevented by establishing（ ）
单选题Determine the Cost of Goods Sold using the Weighted Average Method and also using the First in First Out (FIFO) Method. Weighted Average FIFO ①A. $ 4986.02 $ 4133.45 ②B. $ 5248.44 $ 4351. 00 ③C. $ 4351.00 $ 5248.44
单选题Centro Corp
单选题In a competitive market, the gains to society are maximized under
which of the conditions described below? Marginal
Benefit Marginal Cost Producer Surplus
Consumer Surplus ①A. $1.25
$1.00
$25
$25 ②B. $1.50
$1.50
$45 $30
③C. $2.50
$2.50 $35
$35
A. ①
B. ②
C. ③
单选题One of the assumptions of technical analysis is:
A. all analysts have all current information.
B. security prices move in random fashion.
C. supply and demand are driven by rational and irrational
behavior.
单选题Are held-for-trading securities and influential securities reported on the balance sheet at fair value?
held-for-trading securities influential securities
① yes no
② no yes
③ yes yes