单选题Stock A has a standard deviation of O. 5 and Stock B has a standard deviation of 0.3. Stock A and Stock B are perfectly positively correlated. According to Markowitz portfolio theory how much should be invested in each stock to minimize the portfolio"s standard deviation?
A. 100% in Stock
单选题As countries adopt the Global Investment Performance Standards (
GIPS), which of the following is least likely to occur?
A. The trend toward cross country investments will decline.
B. Competition in the global investment industry will be enhanced.
C. Existing and potential clients will be able to make fair and unambiguous
comparisons among investment firms.
单选题An analyst gathered the following financial information about a firm: Estimated EPS $10 per share Dividend payout ratio 40% Required rate of return 12% Expected long-term growth rate of dividends 5% What would the analyst's estimate of the value of this company's stock be? A. $33. B. $57. C. $80.
单选题Stocks A, B, and C each have the same expected return and standard deviation. The following table shows the correlations between the returns on these stocks.
Correlation of Stock Returns
Stock A
Stock B
Stock C
Stock A
+1.0
Stock B
+0.9
+1.0
Stock C
+0.1
-0.4
+1.0 Given the above correlations, the portfolio constructed from these stocks having the lowest risk is a portfolio : A. equally invested in stocks A and B. B. equally invested in stocks A and C. C. equally invested in stocks B and C.
单选题Thefollowinginformationisavailablefromacompanys2011financialstatements:Note6:EmployeecostsNote17:RetirementbenefitobligationsAmountsrecognizedintheincomestatementfortheyearThepensionexpense(inthousands)reportedin2011isclosestto:
单选题Ananalystgathersthefollowinginformationabouttwocompaniesinthesameindustry:Whatisthemostappropriateconclusionregardinginvestorsexpectations?ComparedtoCompanyB,CompanyAhas:
单选题Victory Corp is a large domestic services firm with a good credit rating. The source of short-term financing it would most likely use is:
单选题Claire Jones, CFA, is an analyst following natural gas companies in the United States
单选题The value at risk of an alternative investment is best described as the:
单选题Five years ago, an investor borrowed $5000 from a financial
institution that charged a 6% annual interest rate and immediately took his
family to five in Nepal. He made no payments during the time he was away. When
he returned, he agreed to repay the original loan plus the accrued interest by
making five end - of - year payments starting one year after he returned. If the
interest rate on the loan is heldconstant at 6% per year,, what annual payment
must the investor make in order to retire the loan?
A. $1338.23.
B. $1588.45.
C. $1638.23.
单选题A large corporation accepts a project which generates no revenue and has a negative net present value. The project is most likely classified in which of the following categories?
单选题All else equal, an increase in a company's growth rate will most likely cause its P/E ratio to: A. increase. B. not change. C. decrease.
单选题A firm realizes that it is producing more than the profit maximizing level of output and makes a short-run decision to decrease its output
单选题A stock selling at $50 has a P/E multiple of 20 on the basis of the current years earnings
单选题Which of the following most accurately describes the impact of a price ceiling set below the equilibrium price for a good and a minimum wage set above the equilibrium wage?
Price ceiling Minimum wage
①A. Shortage Decreased unemployment
②B. Surplus Increased unemployment
③C. Shortage Increased unemployment
A. ①B. ②C. ③
单选题Which is the bond-equivalent yield given if the monthly yield is equal to 0.7 percent?
单选题The yield on a U
单选题What is the effective annual yield of a T - bill that has a money
market yield of 5. 665 percent and 255 days to maturity?
A. 5.79 percent.
B. 4.01 percent.
C. 5.92 percent.
单选题Sometimes floating rate issues have caps and/or floors, which limit the maximum or minimum coupon rate that the issue will pay. Which of the following statements is TRUE with regard to floating rate issues that have caps and floors?
单选题If a firm chooses a capital lease over an operating lease, it can expect to have a: