单选题Under U. S. GAAP, loans made to others are most likely classified in the cash flow statement as: A. an investing activity. B. a financing activity. C. an operating activity.

单选题By themselves, financial ratios are least likely to be sufficient in determining a companys:

单选题An analyst has gathered the following information about a company: C$millions Cash flow from operating activities 105

单选题Determine the cash flow from investing given the following table:

单选题Which of these factors is least likely to change the natural rate of unemployment? A. An unexpected tightening of the money supply reduces aggregate demand. B. Long-term demographic shifts result in fewer young adults in the labor force. C. Labor market deregulation makes it easier for workers to change jobs.

单选题Given the hypothetical information below about the conditions in the labor market, what is the unemployment rate? Employed 177000 Discouraged workers 2000 Unemployed 13000 Household workers 20000 Students 15000 Retirees 19000 Disabled 5000 Labor force 190000 Civilian population 16 and over 249000 A. 5.3%. B. 6.0%. C. 6.8%.

单选题Terrison Inc. is considering the purchase of a new material handling system for a cost of $27 million. This system is expected to generate a positive cash flow of $3 million per year in perpetuity. What is the IRR of the proposed investment if the appropriate hurdle rate is 10%?

单选题Analysis of two mutual funds, a stock fund-S and a bond fund B, yields the following results: S: Expected Return=0.14 Standard deviation=0.24 B: Expected Return=0.08 Standard deviation=0.14 Covariance between rates of return for S and B=0.00672 A portfolio with equal amounts of S and B will have expected return and standard deviation of:

单选题An analyst does research about capital budgeting and gathers the following information about two independent projects: NPV IRR Project 1 $121200 16.7% Project 2 $919790 13.6% If there is no capital rationing and the company's cost of capital is 10.5%, the company should invest in: A. Project 1. B. Project 2. C. both Project 1 and Project 2.

单选题A portfolio manager enters into an equity swap with a swap dealer

单选题Which of the following statements regarding an option prior to expiration is TRUE? The maximum value of:

单选题The following is an excerpt from the cumulative distribution function for the standard normal random variable table: A variable is normally distributed with a mean of 2.00 and a variance of 16.00. Using the excerpt, the probability of observing a value of 7.40 or less is closest to:

单选题Equity return distributions are best described as being:

单选题Marguerite Warrenski, CFA, was a quantitative analyst in McDermott Investments. Warrenski dominated to develop several stock valuation models in McDermott Investments. Warrenski recently left McDermott Investments and then joined Chandler Investments, a competitor of McDermott Investments. At Chandler Investments, Warrenski employs skills and experiences she learned at McDermott Investments to develop a number of new stock valuation models, some of which are similar to those Warrenski developed at McDermott Investments. Has Warrenski most likely violated the Standards of Professional Conduct? A. No. B. Yes, relating to loyalty to employer. C. Yes, relating to record retention.

单选题Christine Dobbs is watching a public affairs television program on which one of the participants makes the following Statements: Statement 1: A common resource is an obstacle to the efficient allocation of resources unless it generates external benefits. Statement 2: The idea of utilitarianism suggests that market allocation of resources does not maximize the value of an economy to all individuals. However, achieving the results that utilitarianism regards as optimal involves a loss of economic output. Should Dobbs agree or disagree with these statements? Statement 1 Statement 2 ①A. Disagree Agree ②B. Agree Agree ③C. Agree Disagree

单选题David Wildstein, Harry Osajnuk, and Kurt Weil, are all junior economists at the Bank of Scarsdale. Over lunch they were discussing the U.S. Federal Reserve (the Fed) and the banking system in the United States. They made the following statements regarding the overall purpose of the Federal Reserve System: Wildstein: In my opinion, the overall purpose and goal of the Federal Reserve System is to insure the deposits of individuals and firms holding funds with banking institutions. Osajnuk: The overall goal of the Federal Reserve System is to keep the discount rate flexible so that if additional funds are needed in the economy the discount rate will be reduced and if there is too much money in the economy the discount rate will be increased. Weft: The primary purpose of the Federal Reserve System is to regulate the amount of excess reserves held by member banks through the potential deposit expansion multiplier. Are the statements made by Wildstein, Osajnuk, and Weil correct? Wildstein Osajnuk Weil ①A. Incorrect Incorrect Correct ②B. Correct Incorrect Incorrect ③C. Incorrect Incorrect Incorrect

单选题A company using IFRS reports its interest payments on long-term debt as a financing activity

单选题Thegraphisadepictionofacalloptionwithanexercisepriceof$100.

单选题The three main sources of return for commodities-related investments are:

单选题Assume an economy is operating at full employment and that the central bank announces a decrease in the growth rate of the money supply to reduce inflation, which market participants do not believe is credible. In the short run, are the directions of the impacts on employment and inflation the same or different, and in the long run, are the directions of the impacts on employment and inflation the same or different? Short run: Long run: Employment and inflation effects Employment and inflation effects ①A. Same Same ②B. Same Different ③C. Different Same