单选题With respect to corporate governance, which of the following is most likely eligible to serve on the board: A. independent board members. B. independent nonexecutive board members. C. executive board members.
单选题Thefollowinginformationisavailable:Thecompanyscashconversioncycle(indays)isclosestto:
单选题According to the quantity theory of money, if the gross domestic product is $6 trillion and M1 money supply is $ 800 billion, the velocity of the M1 money supply is:
单选题Which of the following statements about municipal bonds is FALSE? A. A municipal bond guarantee is a form of insurance provided by a third party other than the issuer. B. Revenue bonds have lower yields than general obligation bonds because there are more revenue bands and they have higher liquidity. C. Bonds with municipal bond guarantees are more liquid in the secondary market and generally have lower required yields.
单选题Which of the following statements is most accurate?
单选题Using the sample results given below
单选题The table below summarizes the yields and corresponding price for a hypothetical 15 -year option-free bond that is initially priced to sell at 7% yield: Yield (%) Price ($) 6.90% 100.925 47.00 % 100.0000 7.10% 99.0861 Using a 10 basis point rate shock, the effective duration for this bond closest to:
单选题One advantage to using the price/book value (P/B) ratio over using the price/earnings (P/E) ratio is that P/B can be used when:
单选题Which of the following is least likely an amortizing security?
单选题 Based on the following information to answer questions from
39 to 40: A mortgage-backed security has been divided
into three classes or tranches as follows: Tranche Ⅰ
receives net interest and all the principal payments until it is completely paid
off. Tranche Ⅱ receives its share of net interest and
starts receiving all the principal repayments after
Tranche Ⅰ has been completely paid off. Prior to that, it only receives interest
payments. Tranche Ⅲ receives monthly net interest and
starts receiving all principal repayments after Tranches
Ⅰ and Ⅱ have been completely paid off. Prior to that, it only receives interest
payments.
单选题Which of the following attributes is least likely to be associated with the characteristics of a well functioning securities market?
单选题Which of the following is NOT a characteristic of an oligopoly?
单选题The following information is from a company's 2008 financial statements ($ millions):
单选题A forward contract that must be settled by a sale of an asset by one party to the other party is termed a :
单选题Which of the following ratios is NOT part of the original DuPont system?
单选题Jan Loots, CFA, quit his job as a portfolio manager at an investment firm with whom he had a non- solicitation agreement he signed several years ago
单选题Acompanysdataarefurnishedbelow:Costofdebt10%Costofequity16%Debt-to-equityratio(D/E)50%Taxrate30%Theweightedaveragecostofcapital(WACC)isclosestto:
单选题A stock has a correlation of 0
单选题A forward rate agreement (FRA) that expires in 180 days and is based on 90-day LIBOR is quoted at 2
单选题Consider the following borrowing rates for Company Z and Company W Firm German mark rate French franc rate Company Z 5.25% 6.5% Company W 4.75% 7% Given the borrowing rates above, Companies Z and W wish to enter into a plain vanilla currency swap. Which company should borrow French francs as a part of the swap? A. Company Z because it can borrow francs at a lower interest rate. B. Company Z because it can borrow marks at a lower interest rate. C. Company W because it can borrow francs at a lower interest rate.