单选题When bonds are sold in a bought deal, the transaction takes place on the:
单选题The Management Discussion and Analysis (MD&A) portion of the financial disclosure is required to discuss all of the following EXCEPT: A. expected effects of marketplace events. B. capital resources and liquidity. C. a general business overview based on known trends.
单选题An analyst does research about characteristics of U. S. Treasury inflation protection securities (TIPS). Which of the following statements is most accurate? U. S. Treasury inflation protection security (TIPS): A. has interest payments that are based on an inflation-adjusted coupon rate. B. has interest payments that are based on an inflation-adjusted principal. C. may be redeemed at maturity for less than the original par value amount.
单选题An analyst wants to calculate number of days payables and gathers the following information about XYZ Company and the industry in which it operates (in thousands): XYZ Industry Payables $9257 $3535 Credit purchases $22486 $9890 Compared to the industry, this companys number of days payables most likely indicates: A. a success to take advantage of credit facilities. B. more making payments on time. C. a higher payables turnover ratio.
单选题Assume that for the average consumer, the quantity demanded for jeans
increases from 5 to 7 pairs per year in response to a price decrease from $ 29
to $ 24 per pair. The price elasticity and relative elasticity of demand for
jeans is best described by which of the following?
Price elasticity of demand Relative
elasticity ①A. -1.77
Relatively
inelastic ②B. -2.32
Relatively
elastic ③C. -1.77
Relatively
elastic
A. ①
B. ②
C. ③
单选题An investor wants to invest an one-year, single-payment corporate bond and concludes that the probability of default for this one-year, single-payment corporate bond is 10.0 percent, and the investor will recover nothing if the corporate defaults due to its bankruptcy. The current risk-free rate of return is 3.0 percent. The minimum yield-to-maturity and minimum default risk premium, respectively , that the investor should demand on the corporate bond are closest to: Minimum yield-to-maturity Minimum default risk premium A. 3.33% 3.03%
B. 3.33% 0.33%
C. 14.44% 11.44%
单选题Which of the following statements about economies of scale is
least likely to be correct?
A. are dependent on short-run average costs.
B. occur when average unit costs fall with lager firm size.
C. occur when the long-run average cost curve is sloping upward
单选题Which of the following uncovered position is most likely to have a graph that looks like the graph for a: Protective put? Covered call? A. Long call Long put
B. Short call Long put
C. Long call Short put
单选题The mean and standard deviation of four portfolios are listed below in
percentage terms. Using Roy's safety- first criteria and a threshold of 4
percent, select the mean and standard deviation that corresponds to the optimal
portfolio. Mean
Standard Deviation ①A.
14
20 ②B. 8
10 ③C.
19
28
A. ①
B. ②
C. ③
单选题Value Line Index, an unweighted index, uses which of the following methods in the computation of the holding period returns of underlying stocks?
单选题A local bank advertises that it will pay interest at the rate of 4.5
percent, compounded monthly, on regular savings accounts. What is the effective
rate of interest that the bank is paying on these accounts?
A.4.59%.
B.4.50%.
C.4.65%.
单选题An investor would most likely expect commodities to have correlations with traditional stock or bond investments and inflation, respectively, that are: Correlation with inflation Correlation with traditional stock or bond investments ①A. positive positive ②B. positive negative ③C. negative positive
单选题One advantage of using price-to-book value multiples for stock valuation is that: A. most of the time it is close to the market value. B. it is a stable and simple benchmark for comparison to the market price. C. accounting standards for assets are always consistent across firms.
单选题Technological changes are most likely to result in which of the following effects? Evolving technology is likely to result in changes in:
单选题If the probability of both a new Wal-Mart and a new Wendys being built next month is 68 percent and the probability of a new Wal-Mart being built is 85 percent, what is the probability of a new Wendys being built if a new Wal-Mart is built?（ ）
单选题A two-year spot rate of 5% is most likely the:
单选题Which of the following is TRUE about the call feature of a bond? It: A. stipulates whether and under what circumstances the bondholders can request an earlier repayment of the principal amount prior to maturity. B. describes the credit risk of the bond. C. stipulates whether and under what circumstances the issuer can redeem the bond prior to maturity.
单选题If the price elasticity of a linear demand curve is -1 at the current
price, an decrease in price will lead to:
A. a decrease in total revenue.
B. an increase in total revenue.
C. no change in total revenue.
单选题Which method of calculating the firms cost of equity is most likely to incorporate the long-run return relationship between the firms stock and the market portfolio?
单选题An analyst does research about a forward rate agreement (FRA). An investor who takes a long poison in a forward rate agreement (FRA) on a 60-day Euribor that expires in 90 days is most likely to: A. monitor the underlying rates complied in Frankfurt. B. be impacted by underlying rates in effect two months from now. C. benefit if the underlying rates decrease.