单选题Assume that the real risk-free rate of return is 3% and that the expected inflation premium is 5%
单选题The current 4 - year spot rate is 4% and the current 5 - year spot rate is 5.5%. What is the 1 - year forward rate in four years?
单选题When producers expend resources to establish monopoly power in a market, this is called:
单选题Brendan Witt, CFA, does research about the Fisher effect. Which of the following statements is most accurate about the Fisher effect in the long term? A. Changes in the nominal interest rate are the result of changes in the real interest rate only. B. Changes in the nominal interest rate are the result of changes in the expected rate of inflation only. C. Changes in the nominal interest rate are the result of changes in both the real interest rate and the expected rate of inflation.
单选题An analyst has gathered the following information about a firm:
Quick ratio of 0.25
Cash ratio of 0.20
$ 2 million in marketable securities
$10 million in cash
What is their receivables balance?
单选题Supply-side economics focuses on the impact of:
A. government borrowing on interest rates and private consumption and
investment.
B. higher government spending and lower taxes on aggregate demand.
C. axes on the incentive to engage in productive activities.
单选题For periods beginning on or after 1 January 2011, the aggregate fair value of total firm assets most likely includes all:
单选题Steve Hall wants to give his son a new car for his graduation. If the cost of the car is $15000 and Hall finances 80 percent of the value of the car for 36 months at 8 percent annual interest, his monthly payments will be:
单选题Winthur Publishing Company invests $ 800000 in a printing press that will be depreciated on a straight-line basis over four years and will have a zero salvage value at the end of its life. Sales revenues, operating expenses, and net income for each year are shown in the table below.
单选题In the short run, the average product of labor:
A. is initially declining but must increase at some point.
B. is upward sloping if the firm is experiencing diminishing marginal
returns to labor.
C. is at A maximum where it intersects the marginal product of labor
curve.
单选题Given: an 11 percent annual rate compounded quarterly for 2 years ;
compute the FV of $ 8000 today.
A. $ 9857.
B. $ 8962.
C. $ 9939.
单选题Which of the following is NOT a problem with the internal rate of return (IRR) ? A. Non - normal cash flow patterns may result in multiple IRRs. B. For mutually exclusive projects, IRR and net present value (NPV) can give conflicting project rankings. C. Sometimes the IRR exceeds the cost of capital.
单选题Which one of the following statements best describes the components of the required interest rate on a security? A. The real risk - free rate, the expected inflation rate, the default risk premium, a liquidity premium and a premium to reflect the risk associated with the maturity of the security. B. The real risk -free rate, the default risk premium, a liquidity premium and a premium to reflect the risk associated with the maturity of the security. C. The real risk - free rate, the expected inflation rate and a liquidity premium.
单选题Is unanticipated inflation likely to result in a loss to: employees borrowers at the expense of employers? at the expense of lenders? A. No No B. No Yes C. Yes No
单选题A random variable follows a continuous uniform distribution over 27 to
89. What is the probability of an outcome between 34 and 38?
A. 0.0546.
B. 0.0645.
C. 0.0719.
单选题Juliet Kaufman manages a large portfolio of risky assets for a family of investors. The portfolio consists primarily of stocks but also includes a small allocation of fixed-income investments. Currently, the expected return and standard deviation of the portfolio are 14.0 percent and 12.0 percent, respectively. Kaufman is considering adding one of four stocks to the portfolio. Data on each stock's expected return, beta, standard deviation and covariance with the existing portfolio are presented below. Which stock should Kaufman add to the portfolio?
单选题GeorgeSoros,CFA,isaprivatelenderinalocalbank.Soroswilllendmoneyatastatedannualrateof10%andcompoundedcontinuously.Theprincipalandinterestarepaidattheendoftheloanterm.IfSoroswilllend20000000for200days,basedon365daysinayear,theamountdueattheendoftheloantermisclosestto:A.￥21095890B.￥21126471C.￥21142555
单选题An analyst gathered the following information ($ millions) about the performance of a portfolio:
单选题The demand for products from monopolistic competitors is elastic due
to:
A. high barriers to entry.
B. the availability of many close substitutes.
C. the availability of many complementary goods.
单选题The following information is available for a firm:
Number of shares outstanding
4 million
Tax rate
40%
Cost of debt (pre-tax)
10%
Current stock price
$20