单选题Terrison Asset Management Inc. is seeking to become compliant with GIPS. The firm has hired an independent consultant to assist in ensuring that Terrison"s policies and procedures conform to the standards. Which of the following recommendations made by the consultant is least likely required under GIPS?
单选题With respect to a candlestick chart, the body of the candle is clear if the opening price was: A. less than the closing price. B. equal to the closing price. C. greater than the closing price.
单选题If the central bank unexpectedly shifts to a more restrictive monetary
policy, the most likely effect
A. an increase in real interest rates.
B. a decrease in real interest rates
C. an increase in asset prices.
单选题Which of the following statements of null and alternative hypotheses requires a two-tailed test?
单选题Which of the following statements about bond call features is least likely correct? Embedded call options in callable bonds: A. can be valued using the difference between the zero-volatility spread and the nominal spread. B. expose investors to reduced capital appreciation potential. C. create risk because they add uncertainty to the bond's cash flow pattern.
单选题Which of the following is an assumption of capital market theory? All investors: A. see the same risk/return distribution for a given stock. B. select portfolios that lie above the efficient frontier to optimize the risk-return relationship. C. select portfolios that lie below the efficient frontier to optimize the risk-return relationship.
单选题U.S. banks will generally opt to hold excess reserves if they believe general business conditions in the U.S. economy are subject to greater uncertainty. If all else is held constant, what is the most likely impact of this action?
单选题A description least likely to explain put-call parity is: A. A fiduciary call option strategy and a protective put option strategy for an underlying asset are equal in value. B. A put is equivalent to a long call, a long position in the underlying asset, and a long position in the risk-free asset. C. A call is equivalent to a long put, a long position in the underlying asset, and a short position in the risk-free asset.
单选题According to the CFA Institute Standards of Professional Conduct, beneficial security ownership that might impair ones professional judgment must be disclosed to all of the following EXCEPT（ ）
单选题Which of the following statements most accurately describes the difference between LIBOR and Euribor? A. LIBOR is a lending rate, while Euribor is a borrowing rate. B. LIBOR is a representative borrowing rate on U. S. dollars, while Euribor is a representative borrowing rate on euros. C. LIBOR is a global risk-free rate, while Euribor is a European risk-free rate.
单选题Which of the following is a difference between an on-the-run and an
off-the-run issue?
A. An on-the-run issue is the most recently issued security of that
type.
B. An on-the-run issue has a shorter maturity than an off-the-run
issue.
C. An on-the-run issue is publicly traded whereas an off-the-run issue is
not.
单选题Jack Steyn, CFA, recently became the head of the trading desk at a large investment management firm that specializes in domestic equities
单选题An analyst does research about active and passive management. If the market for the asset class is insufficient, which of the following statements is most accurate? A skilled investor should choose : A. Index investing. B. passive management. C. active management.
单选题 根据以下信息解答问题。 机器设备总额
3500000美元 折旧费用 500000美元
累积折旧 2300000美元
厂商使用直线折旧法。
单选题An analyst does research about central tendency and gathers the following information about a company: Year Earnings per Share Market Price per Share Price-to-Earnings Ratio 2009 $4.00 $28 7.0 2010 $2.00 $22 11.0 2011 $3.00 $19.5 6.5 The harmonic mean for the company's price-to-earnings ratio is closest to: A. 7.74 B. 7.94 C. 8.17
单选题An analyst constructs a histogram and frequency polygon of monthly returns for aggressive equity funds over a 20-year period. Which of the following statements about a histogram or a frequency polygon is FALSE? A. Both a histogram and a frequency polygon provide a graphical display of data found in a frequency distribution on. B. A frequency polygon is a bar chart of continuous data that have been grouped into a frequency distribution. C. The height of each bar in a histogram represents the absolute frequency for each return interval.
单选题The primary monetary policy goal of most major central banks is best characterized as:
单选题Given the following income statement:
Net Sales
200
Cost of Goods Sold
{{U}}55{{/U}}
Gross Profit
145
Operating Expenses
30
Operating Profit (EBIT)
115
Interest
{{U}}15{{/U}}
Earnings Before Taxes (EBT)
100
Taxes
{{U}}40{{/U}}
Earnings After Taxes (EAT)
60 What are the gross profit margin and operating profit margin? Gross Profit Margin Operating Profit Margin A. 0.725 0.575 B. 2.630 1.226 C. 1.379 2.634
单选题The convergence of global accounting standards has advanced to a degree that the Securities Exchange Commission in the United States now mandates that foreign private issuers who use IFRS may report under:
单选题Vishal Chandarana, an unemployed research analyst, recently registered for the CFA Level I exam