单选题Thegraphisadepictionofacalloptionwithanexercisepriceof$100.
单选题A tax loss carry forward is best described as the: A. net taxable loss that can be used to refund paid taxes from the previous year. B. difference of deferred tax liabilities and deferred tax assets. C. net taxable loss that can be used to reduce taxable income in the future.
单选题A business peak is present when:
A. most businesses are operating at below level and real GDP is decreasing
rapidly.
B. most businesses are operating at capacity level and real GDP is
decreasing rapidly.
C. most businesses are operating at capacity level and real GDP is growing
rapidly.
单选题According to basic Economics Theory, As compared with acting independently, a group of oligopolistic companies operating with perfect cooperation will most likely experience an increase in :
单选题If the price of product X increases from $2.00 per unit to $ 2.25 per unit, the demand will decrease from 7.5 million units to 6.7 million units. What is the price elasticity of demand for the product, and is the demand for the product elastic or inelastic?
单选题The following data is available on a company:
Metric
($ millions)
Total assets
145
Total revenues
282
Total expenses
241
Research development expenses
12
Under a common-size analysis, the value used for research development expenses is closestto:
单选题Assume that the reserve requirement is 20 percent and banks currently
have no excess reserves. If excess reserves stay at zero and the Federal Reserve
buys $100 million of Treasury bills from the public, the money supply would
increase by:
A. $20 million.
B. $100 million.
C. $500 million.
单选题An analyst does research about characteristics of various funds. All other factors being equal, a substantial difference between the market price of a fund and the net asset value of that fund is most likely to occur for a(n): A. open-end fund. B. closed-end fund. C. exchange traded fund (ETF).
单选题Jane Epworth, CFA, is preparing pro forma financial statements for Gavin Industries, a mature U.S. manufacturing firm with three distinct geographic divisions in the Midwest, South and West. Epworth prepares estimates of sales for each of Gavin's divisions using economists' estimates of next-period GDP growth and sums the three estimates to forecast Gavin's sales. Epworth's approach to estimating Gavin's sales is: A. inappropriate, because sales should be forecast on a firm-wide basis. B. inappropriate, because sales are unlikely to be related to GDP growth. C. appropriate.
单选题Which of the following statements concerning different valuation approaches is most accurate?
单选题Catherine, a CFA charter holder and an analyst for D＆G Investment Limited, is preparing a buy recommendation on the Toys Limited. According to AIMR Standards of Professional Conduct, which of the following is NOT a conflict of interest that he would normally disclose? A. Catherine's son has a trust fund that holds a substantial block of Toys Limited stock. B. Catherine has a consulting contract with the Toys Limited. C. Catherine's next-door neighbor works at Toys Limited.
单选题An analyst does research about holding period return and gathers the following information about two securities. Security Beginning-of-Period Price End-of-Period Dividend End-of-Period Price 1 $123 $1.95 $117 9 $56 $1.02 $53 The holding period of return of Security 1 is: A. less than the holding period of return of Security 2. B. the same as the holding period of return of Security 2. C. great than the holding period of retum of Security 2.
单选题For purposes of financial analysis, an analyst should: A. always consider deferred tax liabilities as a liability. B. always consider deferred tax liabilities as stockholder' s equity. C. determine the treatment of deferred tax liabilities on a case-by-case basis.
单选题An international bond investor has gathered the following information
on a 10 - year, annualpay U. S. corporate bond:
Currently trading at par value Annual coupon of
10% Estimated price if rates increase 50 basis points is
96.99% Estimated price is rates decrease 50 basis points
is 103.14% The bond's duration is closest to:
A. 6.58.
B. 0.62.
C. 6.15.
单选题Which of the following statements about company and stock analysis is least likely to be correct?
单选题Timothy Holt, CFA, is a portfolio manager for the Toro Aggressive Growth Fund, a large mutual fund with an aggressive-growth mandate in Fechtman Investments. While having lunch with his colleagues, Holt overheards the manager of Fechtman Investments' trading desk discussing a large sell order for shares of Samuel Corporation that will take the rest of this week to process. Samuel Corporation stocks take a dominant position in the Toro Aggressive Growth Fund. To protect his clients' interests, Holt immediately heads to his office and sells all the Samuel Corporation stocks held iii his fund. Has Holt most likely violated the Standards of Professional Conduct? A. No. B. Yes, relating only to material nonpublic information. C. Yes, relating both to material nonpublic information and priority of transactions.
单选题Jack Saunders is analyzing Bareo Incorporated. an industrial conglomerate company. Saunders is estimating the intrinsic value for Barco Incorporated by forecasting the company"s earnings per share and earnings multiplier. Each of the following attributes of Bareo will increase the company"s earnings multiplier EXCEPT:
单选题Find the mean and the mean absolute deviation (MAD) of a series
of stock market returns.
Yr.1
14 percent
Yr.2
20 percent
Yr.3
24 percent
Yr.4
22 percent
Mean MAD ①A. 20
12% ②B. 20 3% ③C.
22 12%A. ①B. ②C. ③
单选题AninvestorexaminesthefollowingratequotesfortheBrazilianrealandtheAustraliandollar:SpotrateBRL/AUD2.1128BRL1-yearinterestrate4.1%orwardrateBRL/AUD2.1388AUD1-yearinterestrate3.1%IftheinvestorshortsBRL500,000hewillachievearisk-freearbitrageprofit(inBRL)closestto:
单选题An analyst does research about installment method and gathers the following information about a selling property: ·Carrying value is $200 million ·Sales price is $240 million ·Cash down payment is $80 million The balance of the sales price will be received over a 6-year period and the company uses the installment method. The profit recognized from the down payment is closest to: A. ￥8.8 million. B. ￥13.3 million. C. ￥66.7 million.