单选题Which of the following statements regarding a plain vanilla swap is FALSE?
单选题The firm's demand curve for labor is:
A. identical to the supply curve of the output product.
B. the mirror image of the supply curve of the output product.
C. the downward sloping portion of the marginal revenue product of labor
curve.
单选题An analyst does research about company's breakeven point and operating breakeven point. If a company's degree of financial leverage is 1.6, the company's breakeven point is most likely: A. less than the company's operating breakeven point. B. equal to the company's operating breakeven point. C. greater than the company's operating breakeven point.
单选题During periods of decreasing prices, what type of inventory accounting method should a firm use to report higher net income? The company should use: A. FIFO because during periods of decreasing prices, the COGS will be lower, resulting in a higher net income. B. FIFO because during periods of decreasing prices, the COGS will be higher, resulting in a higher net income. C. LIFO because during periods of decreasing prices, the COGS will be lower, resulting in a higher net income.
单选题Which of the following is least likely an obstacle to the efficient
allocation of resources?
A. Price deregulation.
B. Taxes, quotas, and subsides.
C. Public goods and common resources.
单选题Assume that the supply of ethanol is relatively more elastic than the demand for ethanol. Compared to an initial competitive equilibrium in the market for ethanol, the imposition of a per-gallon tax on producers of ethanol will most likely: A. decrease producer surplus by the total amount of tax collected. B. decrease producer surplus by less than it reduces consumer surplus. C. decrease the sum of consumer and producer surplus by the amount of tax collected.
单选题A last in, first out (LIFO) liquidation in an environment of rising
prices will NOT do which of the following?
A. Increase gross income.
B. Increase taxable income.
C. Increase cost of goods sold (COGS).
单选题A stock will pay a $4 dividend next year, $5 the year after, and
$4.3 the following year. An investor believes that he can then sell the stock
for $65 at the end of a 3-year holding period. The risk-flee rate of interest is
8%, the market return is 12%, and the stock's beta is 1.1. What is the value of
the stock?
A. $47.0
B. $52. 8
C. $56.3
单选题Which of the following most accurately describes the relationship between price (P), marginal cost (MC), and marginal revenue (MR) at the profit maximizing output level for a firm in a perfectly competitive industry?
单选题When analyzing the relationship among the high-yield bond indexes and the investment-grade indexes, it is evident that: A. the relationship among the high-yield bond indexes is stronger than among the investment-grade indexes. B. there is a linear relationship between the high-yield bond indexes and the investment grade indexes. C. the relationship among the high-yield bond indexes is weaker than among the investment-grade indexes.
单选题Typically, will principal amounts exchanged at the beginning of a(n): Interest rate swap Currency swap ①A. No No
②B. No Yes
③C. Yes No
A．① B．② C．③
单选题Which of the following statements is most likely to characterize the principal-agent problem between buyers and sellers of services? A. Principals can impose their own objectives on agents. B. Principals can have complete information about agent behavior. C. Agents cannot be completely monitored.
单选题An investor purchases ABC stock at $71 per share and executes a protective put strategy
单选题If the degree of financial leverage (DFL) is 1
单选题Which of the following statements concerning the principles underlying the capital budgeting process is most accurate?
单选题Adira Badawi, CFA, who owns a research and consulting company, is an independent board member of a leading cement manufacturer in a small local market
单选题Aprojecthasthefollowingannualcashflows:Year0Year1Year2Year3Year4-$75,000$21,600$23,328$37,791$40,815Withadiscountrateof8%,thediscountedpaybackperiod(inyears)isclosestto:
单选题Which of the following bonds has the shortest duration? A bond with a: A. 20-year maturity, 6 percent coupon rate. B. 10-year maturity, 6 percent coupon rate. C. 10-year maturity, 10 percent coupon rate.
单选题Which of the following statement concerning about the arithmetic mean is FALSE? A. It is less than or equal to the geometric mean. B. It is a commonly used measure of central tendency. C. It is equal to the median and mode in symmetric distributions.
单选题The short-run supply curve for a price taker firm is the portion of the marginal: