单选题In three years, an investor deposits the first of eight $1000 payments into a special fund. The fund will earn interest at the rate of 5% per year until the end of the fifth year. Thereafter, all money accumulated in the fund will earn a reduced interest rate of 4% compounded annually until the end of the tenth year. How much money will the investor have in the fund at the end often years assuming no withdrawals are made?
单选题Earlier this year, Ponca Corporation purchased non-dividend paying equity securities which it classified as trading securities
单选题Linda Reynolds pays $2.45 to buy a call option with a strike price of $42. The stock price at which Reynolds earns $3.00 from her call option position is :
单选题All of the following are barriers to entry EXCEPT:
A. price controls.
B. resource controls.
C. patents.
单选题For a certain class of junk bonds, the probability of default in a given year is 0
单选题Which of the following statement is inconsistent with Standard Ⅵ (C)
Disclosure of Referral Fees?
A. Disclosure will help the client evaluate the full cost of the
services.
B. Disclosure will help the client evaluate any possible partiality shown in
the recommendation of services.
C. Disclosure means advising a prospective client about the referral
arrangement once a formal client relationship has been established.
单选题A Treasury bill (T-bill) with 38 days until maturity has a bank discount yield of 3
单选题For a collateralized mortgage obligation (CMO), the first tranche of bonds most likely has the:
单选题Which of the following is least likely to be a desirable property of an estimate?
单选题Should the notes to the financial statements include the following disclosures? Disclosure 1: Revenue recognition policy when a right of return exists. Disclosure 2: Concentrations of credit risk for receivables with common characteristics that may affect their ultimate collection. Disclosure 1 Disclosure 2 ①A. Yes No
②B. No No
③C. Yes Yes
A．① B．② C．③
单选题For which of the following assets is it most appropriate to test for impairment at least annually?
单选题Thefollowingisselecteddatafromacompanysoperations:NetIncome$100,000IncreaseinAccountsreceivable12,000IncreaseinAccountspayable9,000Depreciationandamortization8,000Thecashflowfromoperationsisclosestto:
单选题Assuming the economy currently is experiencing high inflation, an example of appropriate discretionary fiscal policy is: A. increase the federal funds target rate. B. reduce government expenditures on major government construction projects. C. reduce the money supply.
单选题An investor has a $15000 portfolio consisting of $10000 in stock A with an expected return of 20 percent and $ 5000 in stock B with an expected return of 10 percent. What is the investor's expected return on the portfolio?
单选题Robert Johnson, CFA, is considering the purchase of two stocks from different industry. Each stock has an expected return of 12.5 percent and an expected standard deviation of returns of 16 percent. Which of the following statements Johnson said about the two stocks is most accurate? A. Regardless of the weights selected or the correlation between the returns of the two stocks, the expected standard deviation of a portfolio composed of the two stocks will be less than 16%. B. Rational investor should not invest in the two stocks because their returns obviously exhibit positive correlation. C. Regardless of the weights selected or the correlation between the returns of the two stocks, the expected return of a portfolio composed of the two stocks will be 12.5 %.
单选题Other factors held constant, the reduction of a companys average accounts payable because of suppliers offering less trade credit will most likely:
单选题A Japanese exporter will sell U
单选题Suppose the CPI basket contains only two kinds of goods (services): gasoline and taxicab service. In the base period, consumers bought 15 gallons of gasoline at $6 and 4 miles of taxicab at $3 each. In the current period, consumers buy 15 gallons of gasoline at $6.2 and 4 miles of taxicab at $2.5 each. The CPI for the current period is closest to:
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:
单选题Annual interest expense is the: A. sum of the annual coupon payments. B. amount paid to creditors in excess of par. C. book value of the debt times the market interest rate when it was issued.