单选题When a call option on a future is exercised, the buyer receives:
单选题Assume 100 shares purchased at $75/share with an initial margin of 50
percent. The initial cost to the investor is:
A. $0.
B. $3750.
C. $7500.
单选题Timely Taxis, Ltd. has signed a long-term lease for 20 underground parking spots at $150 each per month for their fleet of taxis. The firm currently has 18 taxis in operation and is performing an NPV analysis on the purchase of a 19th taxi. The cost of parking for the 19th taxi is best described as a(n):
单选题The price of a stock is $44 per share, and the October put with an exercise price of $45 is selling for $3. The intrinsic value of the option is :
单选题An analyst does research about characteristics of market structures. Barriers to entry of monopolistic competition are: A. low. B. moderate. C. high.
单选题The price to book value ratio (P/BV) is a helpful valuation technique when examining firms:
单选题An analyst gathered information about three economic variables. He noted that whenever variable A increased by one unit, variable B increased by 0.2 units but variable C decreased by 0.7 units. The correlation between variables A and B and the correlation between variables A and C, respectively, are closest to: Correlation between variables A and B Correlation between variables A and C A. 1.0 -1.0 B. 1.0 -0.5 C. 0.5 -1.0
单选题
一项针对基金投资者的研究表明，投资者的年人均收入服从平均值为35000美元、标准差为7000美元的正态分布。试根据上述条件解答问题：
单选题Which of the following statements about asset backed securities (ABSs) is most accurate? A. The credit rating of an ABS must be the same as that of the issuer. B. Residential mortgages represent the largest type of asset that has been securitized. C. There is an inverse relationship between credit enhancements and ratings.
单选题Which of the following statements about the indirect method of
calculating the statement of cash flows is least accurate?
A. Depreciation is added back to net income because it is an expense not
requiring cash.
B. No adjustment is needed to account for changes in accounts receivable
because no cash is involved.
C. No adjustment is needed for the payment of taxes because the tax payment
is already in net income.
单选题An investor has a portfolio with 10 percent cash, 30 percent bonds,
and 60 percent stock. Last year, the cash returns was 2.0 percent, the bonds'
return was 9.5 percent, and the stock's return was - 32.5 percent. What was the
return on the investor's portfolio?
A. -7.00%.
B. -33.33%.
C. - 16.45%.
单选题Assuming its trading partner does not retaliate, which of the following conditions must hold in order for a large country to increase its national welfare by imposing a tariff?
单选题An analyst gathers the following information about the odds of two companies raising new stock. Company Odds 1 3 to 5 2 4 to 7 If the companies' actions are independent, the probability that both companies will issue debt is closest to. A. 0.136 B. 0.171 C. 0.343
单选题Thefollowing10observationsareasampledrawnfromanapproximatelynormalpopulationObservation12345678910Value-3-113-181820-692-16Thesamplestandarddeviationisclosestto:
单选题Which of the following statements regarding equity forward contracts is FALSE? A. Equity forwards may be settled in cash. B. Dividends are never included in index forwards. C. A short position in equity forward could not hedge the risk of a purchase of that equity in the future.
单选题Over the past two years, a firm reported higher operating cash flow as a result of securitizing its accounts receivable and from increasing income tax benefits from employee stock options. The tax benefits are solely the result of higher tax rates. Should an analyst conclude that these two sources of operating cash flow are sustainable?
单选题With respect to the units each is measured in, which of the following
is the most easily directly applicable measure of dispersion? The:
A. standard deviation.
B. variance.
C. covariance.
单选题An analyst who is evaluating a firm's working capital management would be least likely to be concerned if the firm's: A. trade payables turnover is lower than that of its peers. B. operating cycle is shorter than that of its peers. C. days of inventory on hand is higher than the industry average.
单选题Which of the following items is least likely to be included in the M1 measure of the money supply?
单选题An analyst does research about fixed income products. A increase in expected yield volatility mo.st likely results in a price decrease of a(n)? A. Callable bond. B. Putable bond. C. Option-free bond.