单选题The analytical tool that would be most appropriate for an analyst to use to identify the percentage of a companys assets that are liquid is the:
单选题A recession is defined as a period during which real gross domestic product (GDP) declines for:
单选题A random variable with a finite number of equity likely outcomes is best described by a（ ）
单选题Apple Industries, a firm with unlimited funds, is evaluating five projects. Projects A and B are independent and Projects C and D are mutually exclusive. The projects are listed with their rate of return and NPV. Assume that the applicable discount rate is 10 percent.
单选题An analyst does research about compounding rate of return and gathers the following information. Bank Stated Annual Rate Frequency of Compounding 1 3.45% Quarterly 2 3.21% Continuous The effective annual rate for Bank 2 is: A. less than the effective annual rate for Bank 1. B. the same as the effective annual rate for Bank 1. C. greater than the effective annual rate for Bank 1.
单选题Banz and Reinganum found that small firms consistently outperformed
large finns. This anomaly is referred to as the:
A. growth effect.
B. P/E effect.
C. size effect.
单选题An expansionary fiscal policy is most likely to include a(n):
单选题Geoff Whitman, CFA, is a portfolio manager for Adam Trust Company, managers many accounts of high-net-worth individual clients. Carol Cochran, One of Whitman's clients, proposes to Whitman that "any year that my portfolio achieves at least 20 percent return before tax, you and your family can fly to Monaco at my expense and use my condominium during the second week of January. " Whitman tells his supervisor about the term of the agreement and asks Cochran to send a similar email to Whitman's supervisor. The supervisor replies with an email to Whitman and Cochran approving the agreement. Has Whitman most likely violated the Standards? A. No. B. Yes, relating to independence and objectivity. C. Yes, relating to additional compensation arrangement.
单选题Consider the following statements: Statement 1: "When oligopoly firms cheat on price fixing agreements, the resulting price and output quantity approaches that of perfect competition. " Statement 2: "Monopolistic competition is inefficient because a large deadweight loss from advertising and marketing costs is a characteristic of this form of competition. " Which of the following best describes the accuracy of these statements? Statement 1 Statement 2 ①A. Incorrect Correct ②B. Correct Incorrect ③C. Correct Correct
单选题An analyst does research about the inventory write-down. A reversal of an inventory write-down from a previous period is most likely reported as a(n): A. unrealized gain. B. decrease in the cost of sales. C. increase in the inventory valuation allowance.
单选题Mamford Industries has solid earnings that are projected to grow steadily into the foreseeable future. Which of the following is TRUE?
单选题You borrow $15000 to buy a car. The loan is to be paid off in monthly payments over 5 years at 12 percent annual interest. What is the amount of each payment?
单选题An option-free bond has a market price and par value equal to $1000. For small changes in the yield of this bond, its price will change one dollar for every basis point change in the yield. What is the duration of the bond?
单选题Which of the following factors is most likely to increase aggregate
demand?
A. Increasing real interest rates.
B. An expected decrease in future prices.
C. An increase in real wealth.
单选题Which type of unemployment describes a situation where workers who have been laid off due to economic changes and they are unable to find work due to a lack of education or the necessary skills to move into another available job?
单选题Bond is selling at a discount relative to its par value. Which of the following relationships holds? A. yield to maturity ＜ coupon rate ＜ current yield. B. current yield ＜ coupon rate ＜ yield to maturity. C. coupon rate ＜ current yield ＜ yield to maturity.
单选题Which of the following statements about the futures market is most accurate?
单选题The step in the financial statement analysis framework that includes making any appropriate adjustments to the financial statements and calculating ratios is best described as:
单选题Which of the following statements about phases of the business cycle is most accurate?
单选题A strong corporate code of ethics is vitally important. Which of the following statements concerning a firm's code of ethics is least likely accurate? A. As part of investor review of the firm's ethical climate, investors should determine whether the firm gives the board access to relevant corporate information in a timely manner. B. A firm's code of ethics sets standards for ethical conduct based on basic principles of integrity, trust and honesty. C. A firm's code of ethics should require clear disclosure of any advantages given to the firm's insiders that are not also offered to shareholders.