单选题Over-the-counter derivatives: A. carry no default risk. B. have good liquidity in the over-the-counter (OTC) market. C. are customized contracts.
单选题Using the following information for A&G Inc. :
●EBIT/revenue = 15%
●tax retention rate = 70%
●revenue/assets = 2.3 times
●current ratio = 3 times
●EBT/EBIT = 0.6 times
●assets/equity = 1.7 times
A&G Inc."s return on equity is closest to:
单选题A company is purchasing a customer list that it expects will provide economic benefits for the next 5years
单选题What is the ending inventory level in dollars using the FIFO Method?
单选题An analyst gathered the following information about a company:
Return on equity
20.0%
Earnings retention rate
50.0%
Current dividend per share (DO) paid on the company's common stock
2.00
Required rate of return on the company's common stock
15.0%
Beta for the company's stock
0.8 The stock is currently selling for $ 50 per share, which of the following best characterizes the: Intrinsic value of the stock Type of stock A. 30 Speculative B. 44 Cyclical C. 44 Speculative
单选题A $500 investment offers a 7.5 percent annual rate of return. How much will it be worth in four years ?
单选题Which of the following is least likely a characteristic of an effective financial reporting framework?
单选题An index was recently begun with the following two stocks: Company A -50 shares valued at $ 2 each. Company B - 10 shares valued at $10 each. Given that the value-weighted index was originally set at 100 and Company A's stock is currently selling for $ 4 per share while Company B's stock is still at $10 per share, what is the current value of the price-weighted index and the value-weighted index? Price -weighted Value -weighted ①A. 7 300 ②B. 8 150 ③C. 7 150
单选题Which of the following market structure characterized that a large
number of competitors produce (slightly) differentiated products with low
barriers to entry?
A. Perfect competition.
B. Monopolistic competition.
C. Oligopoly.
单选题Which of the following statements is most accurate with respect to the jurisdiction underlying financial reporting?
单选题An analyst gathers the following information about a common stock investment:
date
amount
stock purchase
cash dividend received
stock sale
15 January 2009
14 July 2009
15 July 2009
$48
$4
$54
The holding period return on the common stock investment is closest to:
单选题A random variable X is continuous and bounded between zero and five, X:(0≤X≤5). The cumulative distribution function (cdf) for X is F(X)=X/5. Calculate P(2≤X≤4).
单选题In Elliott Wave Theory, Wave 2 commonly exhibits a pattern best described as a(n):
单选题WithrespecttotheGlobalInvestmentsPerformanceStandards(),whichofthefollowingstatementsisleastaccurate?Verification:A.ensuretheaccuracyofcompositepresentations.B.improvetheconsistencyandqualityofthefirm'scompliancepresentations.C.provideimprovedinternalprocessesandproceduresaswellasmarketingadvantagestothefirm.
单选题Henry O. is a firm believer in capital market theory and the capital asset pricing model. Henry has developed a model to select overpriced stocks as indicated by the security market line. The model identifies the overpriced securities and then executes a short position in the overpriced stock. Which of the following practical conditions would prevent Henry from using his model to explain capital market behavior? A. All investors use exactly the same two-stage dividend discount model to evaluate stocks. B. All investors pay the same commission rate of $ 0.03/share on all equity trades. C. All borrowing and lending is done at a rate equal to the return on a 6-month Treasury bill.
单选题Negative convexity is most likely to be observed in:
单选题A result that is most likely to give a financial manager concern that his firm's credit policy may have become too lenient is. A. inventory turnover has decreased considerably. B. accounts receivable as a percentage of sales has decreased. C. weighted average collection period has increased.
单选题A company determines that the quantity demand of a product increased by 5 percent when price is reduced by 10 percent. The product's price elasticity of demand is most accurately described as:
单选题In calculating the weighted average cost of capital (WACC), which of the following statements is least likely correct? A. The cost of preferred equity capital is the preferred dividend divided by the price of preferred shares. B. The cost of debt is equal to one minus the marginal tax rate multiplied by the coupon rate on outstanding debt. C. The cost of common equity is equal to the rate of return stockholders require on the firm's common stock.
单选题Catherine, CFA, has just accept a new job as a quantitative analyst for Orisel Investment Management Company. Catherine developed a complex model while working for his previous employer and plans to recreate the model for Orisel. Catherine did not make copies of the model or any supporting documents since his employer refused to grant him permission to do so. Catherine will recreate the model from memory. Which of the following statements is most likely correct?