单选题An analyst gathered the following information about a common stock:
Annual dividend per share $2.10
Risk free rate 7%
Risk premium for this stock 4%
If the annual dividend is expected to remain at $2.10, the value of the stock is closest to:
单选题Two pharmaceutical companies, Company A and Company B, internally develop drugs and drug analytics software
单选题Which of the following statements about currency risk is most accurate? Generally: A. if the home currency appreciates against the foreign currency, each foreign currency unit will be worth more in terms of the home currency. B. appreciation of the foreign currency is good for domestic investors who buy foreign securities. C. if the foreign currency appreciates, the foreign cash flow will be worth less for the domestic investor.
单选题Which of the following statements about a monopolist is least accurate? A. The monopolist faces a downward sloping demand curve. B. Unlike an oligopolist, a monopolist will always be able to earn economic profit. C. A profit-maximizing monopolist will expand output until marginal revenue equals marginal cost.
单选题AcompanythatreportsinaccordancewithInternationalFinancialReportingStandards(IFRS)doesnotusethecostmodeltovalueitsinvestmentpropertiesandproperty,plant,andequipment.Informationrelatedtoaninvestmentpropertyandaplantisasfollows:Onitsincomestatementfortheyear,thecompanywillmostlikelyrecognizeagain(inthousands)of:
单选题If a company presents its balance sheet in a format that includes subtotals for current assets, current liabilities, noncurrent assets, and noncurrent liabilities, it is most likely presented:
单选题Which of the following describe(s) a hedger?
A. An oil refiner who has a large inventory of unleaded gasoline that
will not be sold for 3 months takes a SHORT position in unleaded gasoline
futures contracts.
B. An orange grower will harvest oranges and process them into orange
juice at the end of next month. He sells (takes a SHORT position in) orange
juice futures today.
C. All of the above describe hedgers.
单选题The implication of efficient capital markets and a lack of superior
analysts have led to the introduction of:
A. futures options.
B. index funds.
C. balanced funds.
单选题Thefollowingtablerepresentsthehistoryofaninvestmentinacompany:Theinvestordoesnotreinvestthedividendsthathereceives.Assumingnotaxesondividends,thetime-weightedrateofreturnonthisinvestmentisclosestto:
单选题Gus Hayden, CFA, has developed a mutual fund selection product based on historical information from 2000-2010 period and performs a hypothesis test about performances of different styles. In order to minimize the probability of both Type Ⅰ and Type Ⅱ error, Hayden should increase the: A. the power of a test. B. level of significance. C. sample size.
单选题An analyst gathered the following information about a stock index:
Mean net income for all companies in the index $3.2 million
Standard deviation of net income for all companies in the index -$4.8 million
If the analyst takes a sample of 36 companies from the index, the standard error of the sample mean is closest to（ ）
单选题An analyst does research about various risks of investing in bonds. Investors in U. S. Treasury Inflation-Protected Securities are most likely to be exposed to: A. credit risk. B. reinvestment rate risk. C. purchasing power risk.
单选题The following information pertains to a company's stock: The current stock price is $ 45 per share. Earnings and dividends have been growing at an annual rate of 8%. The company's earnings per share during the past year was $ 5. The dividend payout ratio is 40%. The company pays a 7% flotation cost if it sells new shares of stock. Based on the dividend discount model, the stockholders' required rare of return is.
单选题Studies of performance of a sample of mutual fund managers most likely suffer from:
单选题In the computation of diluted earnings per share(EPS) , common shares issued when convertible preferred stock is converted are added to the denominator of the equation, and the basic EPS numerator is adjusted by: A. adding back convertible preferred stock dividends. B. adding back non-convertible preferred stock dividends. C. adding back non-convertible bond interest.
单选题A trader seeking to sell a very large block of stock, or a piece of urban real estate property, for her client will most likely execute the trade in a(n):
单选题Pro forma statements are forward-looking financial statements that are based on the assumptions about future business conditions. When conducting pro forma statements, which of the following accounts is most likely sales-driven? A. Tax rate. B. Nonoperating income and expenses. C. Selling, general, and administrative expenses.
单选题Sheila Schleif, CFA, is an equity analyst at an investment banking division of Mokara Financial Group, a full service financial group
单选题Compared to investment in a single hedge fund and a fund of fund, the latter will most likely result in a decrease in:
单选题Don Weaver purchased a call option on Dominic InC. with an exercise price of $20. Weaver paid $3.50 for the option, which is an American option that expires in 90 days. Dominic does not pay any dividend, and the stock is currently trading at $22 per share. The moneyness and intrinsic value of this option could be best described as: Moneyness Intrinsic Value ①A. in-the-money $1.50 ②B. in-the-money $2.00 ③C. out-of-the-money $1.50