单选题Whichofthefollowingisclosesttothevalueofa10-year,6%coupon,$100parvaluebondwithsemi-annualpaymentsassuminganannualdiscountrateof7%?
单选题Assume a stock index consists of many firms who have recently split their stock. Which of the following weighting schemes will see a bias due to the impact of stock splits?
单选题A 3-year option-free bond (par value of $1000) has an annual coupon of 9 percent. An investor determines that the spot rate of year 1 is 6 percent, the year 2 spot rate is 12 percent, and the year 3 spot rate is 13 percent. Using the arbitrage-free valuation approach, the bond price is closest to :
单选题George Mote owns stock in IBM currently valued at $112 per share. Mote writes a call option on IBM with an exercise price of $120. The call option is sold for $1.80. At expiration, the price of IBM is $115. What is Mote"s profit (or loss) from his covered call strategy? Mote:
单选题TDK commercial bank makes an adjustable rate mortgage for a big construction customer. Which of the following would be an appropriate position for the bank to hedge its risk with this loan? TDK should pay: A. fixed to a currency swap counterparty and receive variable. B. variable to an interest rate swap counterparty and receive fixed. C. variable to a currency swap counterparty and receive fixed.
单选题Aprojecthasthefollowingannualcashflows:Year0Year1Year2Year3-$606,061$2,151,515-$2,542,424$1,000,000Whichdiscountratemostlikelyprovidesapositivenetpresentvalue?
单选题In the short run, price searchers maximize profits by producing output where marginal revenue (MR): A. equals marginal costs (MC) and charging a price based on the average total cost (ATC) curve. B. is greater than marginal costs (MC) and charging a price based on the demand curve. C. equals marginal costs (MC) and charging a price based on the demand curve.
单选题试根据表所提供的信息解答问题。
股票指数的相关信息
2010年3月31日
2010年4月30日
股价
(美元)
发行股数
(1000股)
股价
(美元)
发行股数
(1000股)
股票A
股票B
股票C
15
26
8
2700
6000
1400
12
30
5
2700
6000
1400
单选题Which of the following board members would most likely be considered to be well chosen based on the principles of good corporate governance?
A. A board member of Company A who is also the CEO of Company
单选题Based On historical data and assuming less-than-full employment, periods of sharp acceleration in the growth rate of the money supply tend to be associated initially with（ ）
单选题A Treasury bill (T-bill) with 38 days until maturity has a bank discount yield of 3.82 percent. Which of the following is closest to the money market yield on the T-bill?
单选题Bob Wade, CFA, is the chief investment officer of his state's retirement fund in Smith Capital. One day, Wade receives a non-cash gift from Michael Papis who is a client of Wade. According to the Standards of Professional Conduct relating to independence and objectivity, which of the following statements is most accurate? Wade must: A. decline the gift from Papis. B. disclose the gift to Smith Capital. C. disclose the gift to both Smith Capital and other clients of Wade.
单选题The table below summarizes the yields and corresponding prices for a 15-year option-free bond that is initially priced to sell at 7 percent yield:
单选题Which of the following statements is most accurate?
单选题Does the Financial Accounting Standards Board require firms to disclose information about operating leases and detailed information about defined benefit pension plans in the financial statement footnotes? Operating lease information Defined benefit pension plans ①A. Yes No ②B. Yes Yes ③C. No Yes
单选题Which of the following statements is least accurate? A. Futures contracts are easier to offset than forward contracts. B. Forward contracts are generally more liquid than futures contracts. C. Forward contracts are easier to tailor to specific needs than futures contracts.
单选题Suppose that rubber is the primary input in the production of golf balls. If the price of rubber increases while all else remains constant, then in the short-run（ ）
单选题A CFA charterholder runs a small investment management firm. The firm subscribes to a service from a large investment research firm that provides research reports that can be repackaged as in-house research by smaller firms. The investment management firm distributes these reports to clients with specific references as to their source and author. According to the Standards of Practice Handbook, has the charterholder violated the Standard related to misrepresentation? A. No. B. Yes, because she distributed plagiarized material. C. Yes, because she misrepresented her firm's services.
单选题Under US GAAP, which of the following is least likely a disclosure concerning inventory?
单选题Given the following assumptions about a companys financial estimates, calculate the P/E ratio, and determine whether the stock is undervalued or overvalued.
Earnings retention rate at 40%
Required rate of return of 12.5%
Return on equity (ROE) of 11%, expected to remain constant
Estimated earnings per share (EPS) for next year of $2.75
Current market price of $23.70
Which of the following statements is most correct? The P/E ratio is（ ）