单选题Which of the following indexes is a price weighted index?
单选题The tools used by the U
单选题An investor has just purchased a Treasury bill for $ 99400. If the security matures in 40 days and has a holding period yield of 0.604 percent, what is its money market yield?
单选题Which of the following, rnost likely exhibits negative convexity?
单选题At the beginning of the year, Weller Corporation purchased a new piece of equipment to be used in its manufacturing operation. The cost of the equipment was $12000. The equipment is expected to be used for 5 years and then sold for $3000. Depreciation expense to be reported for the second year using the double declining balance method is closest to:
单选题A multivariate distribution :
A. gives multiple probabilities for the same outcome.
B. applies only to normal distributions.
C. specifies the probabilities associated with groups of random
variables.
单选题The El Rey Investment Company, located in Barcelona, Spain, is in the
process of adopting the Global Investment Performance Standards (GIPS) for the
current fiscal year. One of the GIPS standards is in direct conflict with
Spanish investment reporting regulations. In order to be in full compliance with
GIPS, El Rey must:
A. comply with the GIPS standard and make full disclosure of the
conflict.
B. comply with the local regulation and make full disclosure of the
conflict.
C. comply with both the GIPS standard and the local regulation for
comparison purposes.
单选题Assume that there are no transaction costs and that securities are infinitely divisible, ff an 8 percent coupon paying bond (with semi-annual coupon payments) that has six months left to maturity trades at 97.54, and there is a zero-coupon bond with six months remaining to maturity that is correctly priced using a discount rate of 9 percent, is there an arbitrage opportunity? A. Yes, the coupon bond price is too low. B. Yes, the coupon bond price is too high. C. The coupon bond is not correctly priced but no arbitrage trade can be set up using the zero-coupon bond.
单选题A retailer provides credit cards only to its most valued customers who pass a rigorous credit check
单选题A recessionary gap is most likely to be observed when:
A. real GDP is above potential GDP.
B. real GDP is below potential GDP.
C. employment is above full-employment equilibrium.
单选题Astocksexpectedpricemovementoverthenexttwoperiodsisasfollows:.Theinitialvalueofthestockis$80.Theprobabilityofanupmoveinanygivenperiodis75%,andtheprobabilityofadownmoveinanygivenperiodis25%.Usingthebinomialmodel,theprobabilitythatthestockspricewillbe$79.20attheendoftwoperiodsisclosestto:
单选题Which of the following is the best example of a structural change as opposed to a cyclical change? A. Increased spending from an increase in consumer confidence. B. The European Central Bank raises interest rates to ward off inflation. C. The average age of consumers increasing.
单选题An analyst gathered the following financial data about a company:
share price
$8
shares outstanding
50 million
expected sales
$170 million
total operating expenses
$80 million
operating expenses (depreciation and amortization)
$3 million
What is the P/CF ratio (using EBITDA for cash flow per stock) for the company?
单选题The least likely way to terminate a swap agreement prior to expiration is to: A. make/receive a payment to/from the original counterparty. B. sell the swap. C. enter into an offsetting swap.
单选题Something that oligopolists will try to engage in with another firm in
setting a higher price is called :
A. high economic profits.
B. prisoner's dilemma.
C. collusion.
单选题Typically, the first step in developing pro forma financial statements for a firm is to:
单选题An analyst determines that an 8% option-free bond, maturing, in 2015,
would experience a 3% change in price if market interest rise by 50 basis
points. If market interest rates instead fall by 50 basis points, the bond's
price would:
A. increase by less than 3%.
B. increase by more than 3%.
C. decrease by less than 3%.
单选题Heidi Halvorson, CFA, is the chief investment officer for Tukwila Investors, an asset managementfirm specializing in fixed-income investments
单选题An investor purchase a bond that is putable at the option of the holder. The option has value. He has calculated the Z-spread as 185 basis point. The option-adjusted spread will be:
单选题Tapley Acquisition, Inc