单选题An analyst gathers the following information about a company:
average market price per share of common stock during the year
exercise price per share for options on 50000 common shares
exercise price per share for warrants on 50000 common shares
$40
$50
$30
Using the treasury stock method, the number of incremental shares used to compute diluted earnings per share is closest to:
单选题Vishal Chandarana, an unemployed research analyst, recently registered for the CFA Level Ⅰexam
单选题Which of the following circumstances is an example of event risk?
A. A currency devalues due to foreign exchange market forces.
B. A local government regulatory agency introduces more stringent
clean-water requirements that will significantly reduce the cash flow of an area
paper mill.
C. The U. S. Federal Reserve unexpectedly increases interest rates by 100
basis points.
单选题If the minimum efficient scale of a single producer is small relative to the demand for an undifferentiated good, the market structure of the producer is best described as being:
单选题The mean and standard deviation of the net incomes for all companies making up a stock index is $ 3.5 million and $ 4. 2 million, respectively. If a random sample of 49 companies is taken from the index, the standard error of the sample mean is closet to:
单选题Which of the following statements is most accurate?
单选题An analyst does research about convexity. The best measure of convexity for a putable bond is: A. Modified convexity. B. Macaulay convexity. C. Effective convexity.
单选题When smaller amounts of additional labor are supplied in response to
increases in the wages offered, this is known as the:
A. substitution effect.
B. income effect.
C. marginal rate of substitution.
单选题Robert Hopkins has earned the right to use the CFA designation and wants to indicate this on his business card
单选题The process of evaluating and selecting profitable long-term investments consistent with the firm's goal of shareholder wealth maximization is known as:
单选题According to the crowding-out model, persistent, large government budget deficits are most likely to be associated with a(n); A. increase in net exports. B. decrease in private spending. C. decrease in the real rate of interest.
单选题An analyst gathered the following data about a company:
1000 common shares are outstanding(no change during the year).
Net income is $ 5000. The company paid $ 500 in
preferred dividends. The company paid $ 600 in common
dividends. The average market price of their common stock is $
60 for the year. The company had 100 warrants(for one share
each) outstanding for the entire year exercisable at $50. The
company' s diluted earnings per share is closest to:
A. $3.83.
B. $4.42.
C. $4.55.
单选题Firms with which of the following characteristics are most likely candidates for a management buyout (MBO)?
单选题All of the following variables affect the price-to-cash flow ratio EXCEPT:
单选题Which of the following types of risk are essentially the same?
单选题 The investor would prefer the municipal bond because the
taxable-equivalent yield is greater than the yield on the corporate bond:
6.4%＞6.375%.
单选题A company is considering the purchase of a copier that costs $ 5000. Assume a cost of capital of 10 percent and the following cash flow schedule: Year 1: $ 3000 Year 2: $ 2000 Year 3: $ 2000 Determine the projects NPV and IRR. NPV IRR ①A. $883 20%
②B. $243 20%
③C. $243 15%
A．① B．② C．③
单选题Which of the following combinations of options and underlying investments have similarly shaped profit/loss diagrams? A. Long call option/short put option and long stock position. B. Covered call and short stock/long call. C. Short put option/long call option and protective put.
单选题An analyst uses a stock screener and selects the following metrics from his equity universe:
price-to-equity ratio lower than the median P/E
price-to-book value ratio lower than the median P/BV
The stocks selected would be most appropriate for portfolios for which type of investors?
单选题If X has a normal distribution with μ=100 and σ=5, then there is approximately a 90% probability that: