单选题Which of the following best describes a frequency distribution? A frequency distribution is a grouping of: A. data into intervals (classes) so that the number of observations in each of the non - overlapping intervals (classes) can be seen and tallied. B. selected data into intervals (classes) so that the number of observations in each of the non - overlapping intervals (classes) can be seen and tallied. C. dependent intervals (classes) so that they can be seen and tallied.
单选题An investor can exit a forward position prior to contract expiration by all of the following methods EXCEPT:
单选题Assuming all else equal, if the coupon rate offered on a bond is less than the corresponding market rate of interest, the bond will be issued at:
单选题An investor has a 1-year, semiannual, 10% coupon bond which is priced
at $1025. If the 6-month spot rate on a bond-equivalent basis is 8%, the 1-year
theoretical spot rate as a BEY is:
A. 6.4%.
B. 7.3%.
C. 8.0%.
单选题A companys optimal capital budget most likely occurs at the intersection of the:
单选题The market portfolio in the Capital Market Theory contains which types of investments? A. All risky assets in existence. B. All risky and risk-free assets in existence. C. All stocks and bonds in existence.
单选题A perfectly competitive firm will continue to increase output so long as which of the following conditions exists? A. Marginal revenue is greater than price. B. Marginal revenue is positive. C. Market price is greater than marginal cost.
单选题Over-the-counter derivatives（ ）
单选题Which of the following portfolios falls below the Markowitz efficient frontier?
portfolio A (%)
portfolio B (%)
portfolio C (%)
expected return
standard deviation
7
14
6
20
12
22
A. portfolio
单选题Investor As marginal tax rate is 45%, while Investor Bs is 30%
单选题Assume a company has the following portfolio of marketable securities which was acquired at the end of 2009:
If the company reports under IFRS instead of U.S. GAAP, its net income will most likely be:
单选题Which of the following statements most accurately describes a valuation allowance for deferred taxes? A valuation allowance is required under:
单选题A U. S. Treasury Bill with a face value of $ 100000 and 256 days until maturity is selling for $ 94300. The money market yield on this security is closest to:
单选题David Jordan, a level Ⅲ candidate in the CFA program, is a portfolio manager with Golson Investment Group. He manages a fixed-coupon bond portfolio with a face value of $120.75 million and a current market value of $116.46 million. Golson's research department has forecasted that interest rates are going to decrease by 50 basis points. Based on this forecast, David estimates that the portfolio's value will increase by 2.12 million if interest rates fall and will decrease by 2.07 million if interest rates rise. Which of the following choices is closest to the portfolio's dollar duration?
单选题Securities that improve basic per share earnings, or reduce per share losses, if they are exercised or converted to common stock are called:
单选题The total return on a collateralized futures position is composed of the change in（ ）
单选题The least likely reason why a firm in perfect competition is a price
taker is because:
A. buyers are well informed about prices of other firms.
B. it can set its products' price at' or above the market price.
C. it produces a very small portion of the total output of a particular
good.
单选题Which of the following is most likely to be an effect of budget deficits? A. an increase in exports. B. a balance of trade surplus. C. foreign goods become relatively less expensive for U.S. buyers.
单选题Acompanyrecordedthefollowingeventsin2012:Onthe2012statementofcashflows,thecompanysnetcashflowfrominvestingactivities(in$000s)isclosestto:
单选题Arbitrage activity will most likely be higher in securities markets: