单选题A stock is declining in price and reaches a price range wherein buying activity is sufficient to stop the decline
单选题A small country has a comparative advantage in the production of pencils
单选题An investor buys a 15-year, 10 percent annual pay coupon bond for
$1000. He plans to hold the bond for 5 years while reinvesting the coupons at 12
percent. At the end of the 5-year period he feels he can sell the bond to yield
9 percent. What is the expected realized (horizon) yield?
A. 10.0%.
B. 11.8%.
C. 11.2%.
单选题Which of the following best describes the relationship between the Herfindahl-Hirschman Index and the indicated type of market? Market type Herfindahl-Hirschman Index ①A. Perfect competition 1800 ②B. Monopolistic competition 100 ③C. Monopoly 10000
单选题An analyst does research about various price multiples. Which of the following price multiples is least subject to accounting manipulation or distortion by the management of a company? A. Price-to-sales ratio. B. Price-to-book ratio. C. Trailing price-to-earnings ratio.
单选题Which of the following statements is a violation of Standard Ⅶ (B) if it is included on a CFA charterholder's resume? A. My earning the CFA designation indicates my desire to maintain high standards. B. My earning the CFA designation indicates my superior ability. C. My earning the CFA designation required that I pass three rigorous exams.
单选题In comparing two companies, an analytical team discovers Company A uses zero-coupon bonds for debt financing, while Company B uses par value coupon debt. Analyst 1 feels that Company A' s operating cash flow should be reduced by the amount of its interest expense to compare it to Company B. Analyst 2 feels that Company B' s operating cash flow should be increased by the amount of its interest expense to compare it to Company A. Analyst 3 feels that no adjustments should be made. Which analyst is taking appropriate action?
单选题An oligopoly is characterized by all of the following EXCEPT:
A. large economies of scale.
B. significant barriers to entry.
C. a large number of sellers.
单选题Which of the following 10-year fixed-coupon bonds has the most price volatility? All else equal, the bond with a coupon rate of:
单选题Price discrimination is most accurately defined by which of the following? Price discrimination is the practice of charging different consumers different prices for:
单选题Johannes Meir, CFA, is a compliance officer for Family Estate Planning, LLC, a private wealth consulting firm
单选题When producers expend resources to establish monopoly power in a
market, this is called:
A. surplus allocation.
B. resource rationalization.
C. rent seeking.
单选题An analyst does research about price multiples. With respect to the computation of the price to book value ratio for a company's common stock, an appropriate estimate of tangible book value for the company could most likely exclude the value of: A. patents. B. off-balance-sheet assets. C. preferred stock issued by that company.
单选题In long-run equilibrium, if aggregate demand is increasing faster than
long-run aggregate supply:
A. the price level is likely to increase.
B. downward pressure on wages will ensue.
C. supply will increase to meet the additional demand.
单选题According to the Global Investment Performance Standards (GIPS), firms must do all of the following except:
单选题Walter Fritz, CFA, is a director of research with Hilton Brokerage and supervises all the industrial analysts at Hilton. The industrial analysts at Hilton are organized into teams according to research universe, and team leaders are responsible for the teams' training and investment decision. According to the Standards of Professional Conduct relating to responsibility of supervisor, Fritz is least likely required to: A. delegate supervisory responsibility to the team leaders for any illegal or unethical actions. B. instruct team leaders about methods to prevent and detect violations of laws, regulations, firm policies and the Code of Ethics and Standards of Professional Conduct. C. make reasonable efforts to ensure that the procedures are monitored and enforced once compliance procedures are established.
单选题An analyst gathered the following information about a company: Using the dividend discount model and the other data given, the company's stock is best described as a:
单选题Which of the following types of companies are more likely to use the payback method to evaluate capital projects?（ ）
单选题Which of the following statements is most accurate7 A continuous market most likely exists for a stock when: A. numerous dealers are willing to make a market in the stock. B. an overnight buildup of buy and sell orders for the stock occurs. C. significant new information about the company is released to market participants.
单选题Regardless of the shape of a distribution, according to Chebyshevs Inequality, what is the minimum percentage of observations that will lie within+or-two standard deviations of the mean?（ ）