单选题Regulations are frequently implemented that attempt to deal with markets with high barriers to entry. Which statement is least likely to be a reason why they often fail? A. Regulators prevent monopolists from making a profit. B. Regulators fail to fully understand the firms cost curves and demand schedule. C. An existing firm in the industry is able to influence the regulatory board.
单选题Which of the following statements does not accurately describe an open-end fund? A. The open-end investment company continues to sell and repurchase shares after the initial public offering. B. Open-end investment companies are prepared to buy or sell additional shares of the fund at NAV. C. Open-end investment companies redeem the shares without either sales charges or redemption fees.
单选题Which of the following is least likely to be the long-run effect of a
price ceiling that is set below the equilibrium price?
A. Sellers take bribes.
B. Suppliers discriminate.
C. Sellers improve quality.
单选题For which the following four-firm concentration ratios and Herfindahl-Hirschman indexes (HHI) indicates a highly competitive market? Four-Firm Ratio HHI ①A. 5% 150 ②B. 98% 9500 ③C. 98% 150
单选题An investor wants to maximize the possibility of earning at least 5% on her investments each year. Using Roys safety-first criterion, which of the following portfolios is the most appropriate choice?
单选题Which of the following is most likely a private real estate investment vehicle?
单选题Acompanyhasrecentlyrevaluedoneofitsdepreciablepropertiesandestimatedthatitsremainingusefullifewouldbeanother20years.Theapplicabletaxrateforallyearsis30%andherevaluationofthepropertyisnotrecognizedfortaxpurposes.Detailsrelatedtothisassetareprovidedinthetablebelow,withallf-valuesinmillions.Thedeferredtaxliability(inmillions)asattheendof2010isclosestto:
单选题According to the Financial Accounting Standards Board (FASB) conceptual framework, which of the following situations violates the concept of reliability? A. Management reports to stockholders regularly refer to new projects undertaken. B. Financial statements included property with a carrying amount increased to management' s estimate of market value. C. Management issued the company's financial statements nine months late.
单选题The interest rate paid on negotiable CDs by banks in London is referred to as:
单选题If quantity demanded decreases 30% when the price increases 5%, this
good exhibits:
A. elastic, but not perfectly elastic demand.
B. inelastic, but not perfectly elastic demand.
C. perfectly inelastic demand.
单选题Under International Financial Reporting Standards (IFRS) , the preparation of a complete set financial statements is best described as a(n): A. objective of financial reporting. B. general requirement of financial statements. C. qualitative characteristic of the IFRS Framework.
单选题Amarketindexonlycontainsthefollowingthreesecurities:SecurityBeginningofperiodpricepershare（$）Marketcap（$inmillions）X100100Y200150Z110300WhichapproachtoindexingwillmostlikelygiveSecurityXaweightof18%?
单选题Under International Financial Reporing Standards (IFRS), interests received are classified on the cash flow statement as: A. an investing cash flow. B. an operating cash flow. C. either an investing or an operating cash flow.
单选题Junior economists Diane Foreman and Les Harlan are discussing the concepts of aggregate hours and real wage rates and how they relate to real GDP. They state the following:
Foreman: Aggregate hours are a more accurate measure of total labor input than the number of people employed. Aggregate hours tend to be positively correlated with real GDP growth.
Harlan: Real wage rates have not increased as much over time as the productivity of labor, but that is largely because a greater share of labor compensation now comes in the form of employer-paid benefits. Are Foreman and Harlan correct?
Foreman Harlan
①A. Correct Correct
②B. Correct Incorrect
③C. Incorrect Correct
A. ①B. ②C. ③
单选题An analyst attempting to value the shares of a company has gathered the following data:
Return on equity
12%
Dividend payout ratio
40%
Required rate of return on shares
15%
Current years dividend per share
$3
单选题A portfolio with equal parts invested in a risk-free asset and a risky portfolio will most likely lie on:
单选题A company is determining the cost of debt to use in its weighted average cost of capital. It has recently issued a 10-year, 6 percent semiannual coupon bond for $ 864. The bond has a maturity value of $1 000. If the marginal tax rate is 35 percent, the cost of debt they should use in their calculation is closest to:
单选题Which of the following events will reduce a company's weighted average cost of capital? A. A reduction in the market risk premium. B. An increase in expected inflation. C. An increase in the company's beta.
单选题Which one of the following statements best expresses the central concept of counter cyclical fiscal policy?（ ）
单选题An analyst does research about commodity. For an investor with a long-term time horizon, the return from rolling forward the maturity of the derivative position is most likely described as: A. convenience yield. B. price return. C. collateral yield.