单选题While at a bar in the financial district after work, Ellen Miffitt, CFA overhears several employees of a competitor discuss how they will manipulate down the price of a thinly traded micro cap stocks price over the next few days
单选题A stock"s P/E ratio based on the DDM is which of the following?
单选题An analyst has recently determined that only 70 percent of all U. S. pension funds have holdings in hedge funds. In evaluating this probability, a random sample of 40 U.S. pension funds is taken. The number of U. S. pension finds in the sample of 40 that have hedge funds in their portfolio would most accurately be described as:
单选题The expected dividend one year from today is $2.50 for a share of
stock priced at $22.50. The long-term growth in dividends is projected at 8
percent. The cost of common equity is closest to :
A. 15.6%.
B. 16.2%.
C. 19.1%.
单选题Discretionary fiscal policy can be defined as:
单选题The supply of financial capital is least likely to be influenced by
which of the following?
A. Interest rates.
B. Consumers' incomes.
C. MRP of physical capital.
单选题The term structure theory that rests on the interaction of supply and
demand forces in the debt market is the:
A. GIC inverse term structure theory.
B. market segmentation theory.
C. bootstrap theory of sliding rates.
单选题A firm operating as a price taker will: A. be a revenue maximizer. B. face an inelastic demand curve. C. produce quantity where P=MR=MC.
单选题You are analyzing a sample of money manager's returns from a population of 900. According to Chebyshev's inequality, what is the minimum number of managers would you expect to lie with- in 2.5 standard deviations of the mean return?
单选题Which of the following is NOT a reason for the creation of the Global Investment Performance Standards (GIPS standards) ? A. to improve investment performance as managers diversify internationally. B. the need for consistent performance measurement due to the globalization of financial markets. C. to allow investment clients to more easily compare investment performance.
单选题Asampleof25observationshasameanof8andastandarddeviationof15.Thestandarderrorofthesamplemeanisclosestto:
单选题The credit rating agency practice of notching is best described as（ ）
单选题With respect to the Standards of Professional Conduct relating to reference to CFA Institute, the CFA Designation and the CFA Program, which of the following is least likeLy a proper reference to the CFA Designation? A. CFA, 2012, CFA Institute. B. I passed all three levels of the CFA Program and will be eligible for the CFA charter upon completion of the required work experience. C. Gordon and Mandeville are the only CFAs in our company.
单选题Victoria Christchurch, CFA, is a management consultant currently working with a financial services firm interested in curtailing its high staff turnover, particularly amongst CFA charter-holders
单选题In periods of rising prices and stable or increasing inventory quantities, which of the following statements about companies that use LIFO inventory accounting compared with FIFO is least accurate? Compared with FIFO companies, LIFO companies will have（ ）
单选题Study the following information, calculate the return on equity. The asset turnover (S/A) is 2.5. A leverage multiplier (A/E) is 1.2. An interest expense ratio (L/A) is 0.08. A tax retention rate (1-t) is 0.6. Pre-interest profit margin (EBIT/S) is 20 percent.
单选题The International Bank for Reconstruction and Development most likely:
单选题Which index weighting scheme would produce returns closest to a portfolio of index stock with an equal number of shares of each stock in the index?
单选题Generally, if there is unanticipated inflation in the economy（ ）
单选题The Widget Company had net income of $1 million for the period. There were 1 million shares of Widget common stock outstanding for the entire period. If there are 100000 options outstanding with an exercise price of $ 40, what is the diluted earnings per share for Widget common stock if the average price per share over the period was $ 50?