单选题A researcher has examined the performance of the shares of firms that went public during the period 2008 to 2009 and found evidence of positive abnormal returns over the three months after the firms" shares began trading. This evidence of anomalous returns behavior is least likely subject to:
单选题Thefollowingprofit/lossdiagramisforwhattypeofposition?
单选题A trader buys 500 shares of a stock on margin at $36 a share using an initial leverage ratio of 1
单选题Supply for guest rooms in a hotel increases from 100 to 150 rooms per night when the nightly room rate increases from $150 to $200. The elasticity of supply of guest rooms in the hotel is closest to:
单选题The short-run supply curve for a firm in a perfectly competitive market is equal to the firm's:
单选题A finn presented the following income statement, which complies with the 1 standards under
which it must report:
Sales 20535
Cost of goods sold 14525
Operating expenses 2530
Operating income 3480
Income taxes 1220
Income from continuing operations 2260
Extraordinary items, net of tax (525)
Net income 1735
In the next year the firm borrows $10 million to finance construction of a capital asset. Based on the differences between U.S. GAAP and International Financial Reporting Standards, this firm :
单选题An U. S. Treasury zero-coupon bond with a face value of $1000 matures in 7 years. If the bond's yield to maturity is 6.0%, the bond's current value is closest to: A. $442 B. $661 C. $665
单选题A descriptive measure of a population characteristic is best described as a:
单选题Which of the following most accurately reflects the concept that competitive markets allocate resources fairly as long as the same rules apply to all participants?
单选题Jerry Clark, CFA, has been hired to review the financial statements of a company by a client who values his knowledge and expertise. The client is considering investing in the company and is concerned that the company is being overly aggressive in its accounting practices. Which of the following company activities would be least likely to increase current period net income? A. Due to a recent jump in prices, the company has decided to change its inventory valuation method from FIFO to LIFO. B. The company capitalizes its advertising costs and amortizes the costs over three years. C. The company routinely books the full value of any new contracts it obtains as revenue when at least 25% of the payment has been received.
单选题An investor has a portfolio that lies on the capital market line (CML), and the portfolio's expected return is more than expected return on the market portfolio. That investor's portfolio is best described as: A. a lending portfolio. B. a borrowing portfolio. C. having more unsystematic risk than the market portfolio.
单选题Given the following frequency distribution:
Interval
Frequency
10 up to 30
5
30 up to 50
10
50 up to 70
15
70 up to 90
5 Which of the following statements is FALSE? A. The interval size is 20. B. The relative interval frequency of the second interval is 14.28. C. The interval frequency of the third interval is 15.
单选题HelenHawke,CFA,averifierofthestandards.WithrespecttotheGlobalInvestmentPerformanceStandards(theStandards),whichofthefollowingstatementsisleastaccurate?TheStandards:A.areethicalstandardsforinvestmentperformancepresentationtoensurefairrepresentationandfulldisclosureofinvestmentperformance.B.willensurefulldisclosureandfairrepresentationifminimumrequirementsofthestandardsareadhered.C.relyontheintegrityofinputdata.
单选题An analyst does research about order types. The investor wants to profit from a predicted declines in the price of a company which she does not currently own. The most appropriate type of order is: A. short sale. B. limit order. C. stop loss order.
单选题Based on his superior return history, Vijay Gupta, CFA, is interviewed by the First Faithful Church tomanage the churchs voluntary retirement plans equity portfolio
单选题Which of the following statements about the potential profits and losses from selling a call is most accurate?
单选题The correlation between rates of return for stock X and stock Y is 1.0. X and Y have standard deviations of 22% and 34% , respectively. Which of the following portfolios has the lowest risk?
单选题Use the data below to determine which of the statements is TRUE?
As of December 31
Company
Stock Price
Shares Outstanding
A
$25
20000
B
$50
20000
C
$100
10000 A. A 100% increase in the stock price of Company A will have a smaller impact on the price-weighted index than a 100% increase in the stock price of Company C. B. For a given percentage change in the stock price, Company A will have a greater impact on the market-value weighted index than Companies B or C. C. For a given percentage change in the stock price, Company B will have less of an impact on the market-value weighted index as Company C.
单选题A bond issued by the government of Italy is likely to be denominated in which one of the following currencies?
单选题Which of the following statements regarding differences in taxable and
pretax income is TRUE? Differences in taxable and pretax income
that:
A. result in deferred taxes are called permanent differences.
B. increase or reduce the effective tax rate are called temporary
differences.
C. result in deferred taxes are called temporary differences.