单选题What would an investor be willing to pay for a share of preferred stock that paid an annual $5 dividend if the yield on preferred was 40 basis point below the A bond yield of 7%?
单选题An investor is evaluating the following possible portfolios. Which of the following portfolios would not lie on the efficient frontier?
单选题For the most recent year a manufacturing company reports the following items on their income statement:
interest expense
loss on disposal of fixed assets
realized gain on sale of available-for-sale securities
$150000
$86000
$550000
Which of the items is classified as an operating item in the company"s income statement?
单选题Will the short-run effects of an unanticipated expansionary monetary policy most likely include an increase in（ ）
单选题The probabilities of earning a specified return from a portfolio are
shown below:
Probability
Return
0.20
10%
0.20
20%
0.20
22%
0.20
15%
0.20
25% What are the
odds of earning at least 20 percent?
A. Two to three.
B. Three to two.
C. Three to five.
单选题In preparing a common-size cash flow statement, each cash flow is expressed as a percentage of:
单选题A board of directors is most likely to protect the shareholders'
interests when:
A. the board requires that management attend all meetings.
B. the board includes representatives from the firm's key customers and
suppliers.
C. one individual can be identified as the leading board member from outside
the firm.
单选题What is the maximum price an investor should be willing to pay (today) for a 10 year annuity that will generate $ 500 per quarter (such payments to be made at the end of each quarter) , given he wants to earn 12 percent, compounded quarterly?
单选题Which of the following statements regarding the term structure of interest rates is least accurate?（ ）
单选题At an output quantity equal to 250, a monopoly firm faces a demand
curve with a price (P) of $50, a marginal cost (MC) and marginal revenue (MR)
equal to $10, and an average total cost (ATC) equal to $12. The economic profit
for this monopoly firm is closest to:
A. $12500.
B. $10000.
C. $9500.
单选题A company is considering issuing either a straight coupon bond or a coupon bond with warrants attached. The proceeds from either issue would be the same. If the firm issues the bond with warrants attached instead of the straight coupon bond, which of the following ratios will most likely be lower for the bond with warrants?
单选题According to the industry life-cycle model, an industry in the shakeout stage is best characterized as experiencing:
单选题Which of the following statements concerning regulatory bodies is least accurate? Regulatory bodies:
单选题The federal government seeks ways to increase the total investment component of GDP. In response to the government's objective, economist Scan Zadora recommends that the federal government lower taxes on interest earned on savings accounts. Zadora's colleague, Timothy Smythe, recommends that the federal government reduce its budget deficit. Regarding the statements made by Zadora and Smythe: Zadora Smythe ①A. Correct Incorrect ②B. Correct Correct ③C. Incorrect Ineorrect
单选题An interest floor on a floating-rate bond (from the issuer"s perspective) is equivalent to a series of:
单选题James Waiters, CFA, has collected data on the three year term structure of interest rates, shown in the table below as bond equivalent yields.
单选题Which one of the following statements about the t - distribution is
TRUE?
A. The t- distribution is the appropriate distribution to use when
constructing confidence intervals based on large samples.
B. Compared to the normal distribution, the t -distribution is more peaked
with more area under the tails.
C. The t - distribution approaches the standard normal distribution as the
number of degrees of freedom becomes large.
单选题A money manager, who is a member of CFA Institute, suggests during
phone calls to his clients that, "I hope you will relay to your friends the
great returns I earned for you this past year. " The manager had generated above
average returns in the past year. Is this a violation of Standard Ⅲ (D) ,
Performance Presentation?
A. Yes, because the Standard forbids members asking their clients to say
anything about how well the member has done.
B. No, because the request was made orally and not in writing.
C. Yes, because the intended message fails the test of completeness as
required under the standard.
单选题Assuming that a company"s ROE is 12% and the required rate of return is 10%, which of the following would most likely cause the company"s P/E ratio to rise?
单选题Which of the following factors is least likely to affect the supply of labor?