单选题If the standard deviation of stock A is 7.2 percent, the standard deviation of stock B is 5.4 percent, and the covariance between the two is - 0. 0031, what is the correlation coefficient?
单选题The type of voting in board elections that is most beneficial to shareholders with a small number of shares is best described as:
单选题A real estate agent contacts an investor regarding a property that has recently come on the market. The real estate agent can provide reliable information regarding the property's net operating income, as well as the prevailing market cap rate, based on recent comparable sales. The investor can best estimate the market value of the property, with the information supplied by the real estate agent, using the:
单选题Which of the following is NOT a correct statement concerning
covariance?
A. It can only apply to two variables at a time.
B. A covariance of zero rules out any relationship.
C. It can be negative.
单选题A company is planning on setting up a new financing arrangement where $100 million will be borrowed in order to finance a major expansion into a foreign market. The CFO is concerned that there may be an interest rate decline within the next two months. There is significant concern among the executives of the company that any delay would seriously hamper the company's chances of gaining a foothold in the new market and feel that it is vital to proceed without delay. The CFO obtains the following quotes from a dealer for an FRA:
单选题The following information is available on three portfolios:
Portfolio
Mean Return on thePortfolio(%)
Standard Deviation of theReturn on the Portfolio(%)
D
10
20
E
18
15
F
6
3
The risk-free rate is 4%
单选题Which of the following most accurately describes a distribution that is more peaked than normal?
单选题The top-down, three-step process for analyzing the value of stock is comprised of: A. industry, company, and competitive analysis. B. economic, fundamental ratio, and technical analysis. C. macro-economic, industry, and company analysis.
单选题The yield to maturity for a semiannual-pay, 10 -year corporate bond is 5.25 percent. What is the bond's annual equivalent yield?
单选题Study the following information, calculate the free cash flow. Cash flow from operations=$1100 Purchase of plant and equipment=70 Sale of land=50 Issuance of debt=350 Payment of dividends=80
单选题Rosalie Woischke is an executive with ColaCo, a nationally known beverage company
单选题Which of the following is zero when an economy is at full employment?
A. Structural unemployment.
B. Total unemployment.
C. Cyclical unemployment.
单选题A portfolio manager is constructing a new equity portfolio consisting of a large number of domestic stocks
单选题Rank, from highest to lowest, the following investors by their most likely capacity to tolerate risk.
单选题An analyst does research about financial principles. Which of the following financial principles is most accurate to describe the requirement that each material class of similar items should be shown separately on the financial statements? A. Aggregation. B. Comparative information. C. No offsetting.
单选题Lester Brock is a research analyst preparing a research report on National Brick Company. The financials look solid, and he is contemplating issuing a "Buy" opinion on the stock. However, Brock does have concerns regarding the shareowner rights for equity investors. He is evaluating the shareowner rights of National Brick as outlined in the company's corporate governance statement and its articles of incorporation. Which of the following policies is most likely detrimental to the shareowners' interests? A. The company uses a third-party entity to tabulate shareowner votes. B. When electing Directors, shareowners cannot east the cumulative number of votes allotted to their shares for a single candidate. C. Shareowners can approve changes to the corporate structure only with a supermajority vote.
单选题The surplus value that results when a particular resource or product is fixed in supply and market price is higher than what is required to bring the resource or product onto the market and sustain its use can be defined as: A. normal profit. B. economic rent. C. consumer surplus.
单选题Ananalystdoesresearchaboutverification.Withrespecttotheverificationprocess,afirm'sclaimofcompliancewiththemustbeverifiedby:A.theinvestmentfirmclaimingcomplianceitself.B.anindependentthirdpartyfirm.C.theregulatoryorganization.
单选题Which one of the following bonds has the shortest duration?
单选题Consider two markets: One has a Herfindahl-Hirschman Index (HHI) of 300, while the other has a four-firm concentration ratio equal to 15%. Which of the following statements most accurately describes these two markets?