单选题Which of the following statements about intangible assets is least accurate?

单选题Which of the following will NOT cause a parallel shift in the position of the security market line (SML)? A. A decrease in the rate of inflation. B. An increase in expected real economic growth. C. An increase in the perceived riskiness of BBB bonds.

单选题Empirical evidence suggests that the security market line (SML) does not maintain a constant slope or intercept across time, creating valuation issues for securities analysts and portfolio managers. Which of the following will cause the slope of the SML to change or cause a shift in the SML? Change in Slope Shift in SML ①A. An increase in expected inflation A decrease in real growth ②B. A decrease in real growth An increase in the market risk premium ③C. An increase in the market risk premium Unexpected growth of the money supply A. ①B. ②C. ③

单选题Peggy Green, CFA, is a research analyst following Brown Co. All the information she has gathered suggests the stock should be rated a weak hold .During a recent lunch, Green overheard another analyst say that the stock should be rated a buy. Green returns to her office and issues a buy recommendation. Green（ ）

单选题The behavioral bias in which investors tend to avoid realizing losses but rather seek to realize gains is best described as:

单选题A normal distribution can be completely described by its:

单选题Wei Zhang, CFA, manages accounts for high net worth clients including his own family's account. He has no beneficial ownership in his family's account. Because Zhang is concerned about the appearance of improper behavior in managing his family's account, when his firm purchases a block of securities, Zhang allocates to his family's account only those shares that remain after allocation to his other client accounts. The fee form managing his family's account is based on his firm's normal fee structure. According to the Standards of Practice Handbook, Zhang's best course of action with regard to management of his family's account would be to: A. continue to manage his family's account but treat it like his other client accounts. B. discontinue management of his family's account and arrange for the account to be transferred to another firm. C. discontinue management of his family's account and arrange for the account to he transferred to another investment manager in his firm.

单选题Sale of obsolete equipment would be classified as:

单选题Compared with fundamental analysis, does technical analysis place more emphasis on（ ）

单选题In regards to shareholder-sponsored resolutions, which of the following would NOT be something investors should look at and consider? A. Whether the firm requires a simple two-thirds or other supermajority vote for passing a shareholder resolution. B. Whether shareholders can request a special shareholder meeting to consider specific issues. C. Whether national regulatory agencies have pressured firms to act on the terms of any approved shareowner initiatives.

单选题All of the following are considered a potentially dilutive securities EXCEPT: A. warrants. B. preferred stock. C. stock options.

单选题An analyst gathered the following information about Weston Chemical's stock: Estimated sales per share = $12.19 Earnings before interest, taxes, depreciation, and amortization (EBITDA) = 73% Interest expense per share = $2.07 Depreciation expense per share = $6.21 The tax rate =35% Weston's estimated Earnings per Share (EPS) is closest to? A. $0.40. B. $2.54. C. $3.11.

单选题In the short run, a firm operating in a perfectly competitive market will most likely avoid shutdown if it is able to earn sufficient revenue to cover which of the following costs?

单选题An investor plans to buy a 10-year, $1000 par value, 8 percent semiannual coupon bond. If the yield to maturity of the bond is 9 percent, the bond's value is:

单选题All else equal, which of the following is least likely to increase the interest rate risk of a bond? A. A longer maturity. B. Inclusion of a call feature. C. A lower coupon.

单选题Assume U.S. GAAP applies unless otherwise noted. At the end of the year, a company sold equipment for $30000 cash. The company paid $110000 for the equipment several years ago and had recorded accumulated depreciation of $70000 at the time of its sale. All else equal, the equipment sale will result in the company"s cash flow from:

单选题An analyst gathers the following data about a company: stock price $40 stock"s required return 12% consensus estimate of next year"s dividend $2 company"s return on equity 10% Using the dividend discount model, the company"s dividend payout ratio is closest to:

单选题A defensive stock is best characterized as: A. being heavily influenced by aggregate business activity. B. generally retaining a large portion of earnings. C. having low systematic risk.

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: A. the marginal and average variable cost curves shift upward, but not the average total or average fixed cost curves. B. the average total and average variable cost curves shift upward, but the marginal and average fixed cost curves will shift downward. C. the marginal, average variable, and average total cost curves will shift upward, but the average fixed cost curve will not shift.

单选题First-degree price discrimination is best described as pricing that allows producers to increase their econom ic profit while consumer surplus: