单选题Ananalysthascompiledthefollowinginformationonacompany:￡000sRevenuesfortheyear12,000Totalexpensesfortheyear10,150Totalcurrentassetsatyear-end9,200Totalnon-currentassetsatyear-end12,750Investments350Sharecapitalatthebeginningoftheyear2,000Proceedsfromsharesissuedduringtheyear500Retainedearningsatthebeginningoftheyear8,850Totalliabilitiesatyear-end9,400Theamountofdividendsdeclared(￡000s)duringtheyearisclosestto:
单选题Rodney Rodrigues, CFA, is responsible for identifying professionals to manage specific asset classes for his firm
单选题All other things being equal, a decrease in expected yield volatility most likely increases the price of:
单选题Assume the holder of a long futures position negotiates privately with the holder of a short futures position to accept delivery to dose out both the long and short positions. Which of the following statements about the transaction is most correct? The transaction is:
单选题Which of the following measures of central tendency is most appropriate when analyzing nominal data? A. Only mode. B. Only median. C. Both mode and median.
单选题Financial derivatives contribute to market completeness by allowing traders to do all of the following EXCEPT : A. increase market efficiency through the use of arbitrage. B. narrow the amount of trading opportunities to a more manageable range. C. engage in high risk speculation.
单选题An 8 percent coupon bond with a par value of $100 matures in 6 years and is selling at $95.51 with a yield of 9 percent. One year ago this bond sold at a price of $90.26 with a yield of 10 percent. The bond pays annual interest. The change in price attributable to the change in maturity is closest to:
单选题Which of the following is least likely an automatic stabilizer?
A. Property taxes.
B. Corporate profit taxes.
C. Unemployment compensation.
单选题For an investment portfolio, the coefficient of variation of the returns on the portfolio is best described as measuring:
单选题Consider the following information: Assume an investor acquires 300 shares of a $ 40 stock for a total cost of $12000. There is a 50% initial margin requirement. If the stock price increases to $50 a share, the equity is:
单选题The crowding-out model implies that a（ ）
单选题The vertical distance between the average variable cost (AVC) curve
and the average cost (AC) curve:
A. increases as output increases.
B. decreases as output increases.
C. remains constant as output increases.
单选题The lower limit of a normal distribution is:
单选题The real estate index most likelyto suffer from sample selection bias is a(n):
单选题The Laffer curve shows that an increase in the tax rate:
单选题A European bank wants to short a 1×3 forward rate arrangement on Euribor. A dealer provides the bank with a quote of 1.75 percent. The bank agrees to enter the FRA with the dealer. At contract maturity, what Euribor rate would most likely result in the European bank receiving a payment from the dealer?
单选题Which of the following statements is a violation of Standard Ⅶ (B) if it is included on a CFA charterholder"s resume?
单选题Which of the following random variables would be most likely to follow
a discrete uniform distribution?
A. The outcome of the roll of two standard, six - sided dice where X is the
sum of the numbers facing up.
B. The number of heads on the flip of two coins.
C. The outcome of a roll of a standard, six - sided die where X equals the
number facing up on the die.
单选题On November 15, 2008, Grinell Construction Company decided to issue bonds to help finance the acquisition of new construction equipment. They issued bonds totaling $10000000 with a 6% coupon rate due June 15, 2028. Grinell has agreed to pay the entire amount borrowed in one lump sum payment at the maturity date. Grinell is not required to make any principal payments prior to maturity. What type of bond structure has Grinell issued?
单选题Which of the following statements about reinvestment risk of a security is least accurate? Reinvestment risk: A. is minimized with zero-coupon bond issues. B. becomes more problematic for those investors with longer time horizons. C. becomes more problematic when the current coupons being reinvested are relatively small.