单选题When creating intervals around the mean to indicate the dispersion of outcomes, which of the following measures is the most useful? The
单选题An options investor sells one stock put option with the following characteristics:
Type of option: put option on stock
Underlying asset: 100 shares of Bank of America Stock
Exercise price : $55 per share
Premium : $2.44 per share
Expiration date : October
By taking a SHORT position in this put option, the investor has
单选题When setting investor objectives in the investment policy statement,
expressing goals only in terms of returns can:
A. lead to inappropriate investment practices by the portfolio manager, such
as the use of low-risk investment strategies.
B. distort the expected outcome.
C. lead to inappropriate investment practices by the portfolio manager, such
as the use of high-risk investment strategies.
单选题Which of the following types of unemployment is most likely to be
associated with an economy in which many workers have been made obsolete by
changing technology?
A. Cyclical.
B. Marginal.
C. Structural.
单选题Which of the following is NOT a reason for the creation of the Global Investment Performance Standards (GIPS standards)?（ ）
单选题Which of the following statements about dilutive securities is least likely correct? A. A simple capital structure is one that contains only common stock and antidilutive securities. B. A complex capital structure is one that contains potentially dilutive securities. C. A dilutive security is one that will cause earnings per share (EPS) to decrease if it is converted into common stock.
单选题Gabrielle Daniels and Edin Roth, CFA candidates, are discussing the relationship between a bond"s coupon rate and the required market yield. Looking through the local newspaper, they see a new-issue, 10-year, $1000 face value 8.00 percent semi-annual coupon bond priced at $950. Daniels makes the following statements. Which statement does Roth tell her is CORRECT?
单选题Compared to using a fixed-rule monetary policy, using a feedback rule monetary policy（ ）
单选题Two techniques for forecasting cash flows are to use projection models and averages, or statistical techniques. Which of these two methods would be most appropriate for（ ）
单选题A stock is selling at $20.5, a 6-month put at $27 is selling for $8, a 6-month call at $27 is selling for $2, and the risk-free rate is 5%. How much profit can be made on an arbitrage?
单选题Which of the following is most likely a sign of a good corporate governance structure?
单选题The statistics for three stocks A, B, and C are shown below. Based only on the information provided, and given a choice between portfolios of equal amounts of stock A and B or B and C,
单选题Which of the following most likely trades in the secondary markets?
单选题The implication of efficient capital markets and a lack of superior analysts have led to the introduction of:
单选题There is a 30% chance that the economy will be good and a 70% chance
that it will be bad. If the economy is good, your returns will be 20% and if the
economy is bad, your returns will be 10%. What is your expected return?
A. 15%.
B. 17%.
C. 13%.
单选题If the calculated net present value (NPV) is negative, which of the following must be TRUE? The discount rate used is: A. equal to the internal rate of return (IRR). B. greater than the internal rate of return (IRR). C. less than the internal rate of return (IRR).
单选题Thefollowingfinancialdataisavailableforacompany:Returnonassets(ROA)4.8%Totalassetturnover1.92Financialleverage1.75Dividendpayoutratio48.1%Thecompanyssustainablegrowthrateisclosestto:
单选题A trust management company offers a trust account with a stated annual rate of return of 6% in the first year and 8% in the second year. If returns are compounded quarterly with the initial account value of 100000 at the beginning of the first year, the account's value at the end of second year is closest to: A. $114480 B. $114885 C. $171759
单选题Which of the following most accurately describes a derivative security? A derivative: A. has a payoff based on another asset. B. always increase risk. C. has no expiration date.
单选题An analyst does research about monetary policy. A central bank's action to lower its target interest rate least likely: A. reduces net exports. B. increases the money supply. C. causes domestic currency depreciation.