单选题Which of the following is NOT a method of terminating a forward contract prior to expiration? A. Exercise a swaption. B. Make an agreed upon payment to the counterparty. C. Enter into an offsetting forward contract with a party not involved in the original forward contract.

单选题Capital market efficiency is desirable, but there are limitations in achieving full market efficiency. Which of the following is least likely to be a limitation in achieving full capital market efficiency?

单选题Given a normally distributed population with a mean income of $40000 and standard deviation of $ 7500, what percentage of the population makes between $ 30000 and $ 35000?

单选题Which of the following statements concerning coupon rate structures is FALSE? A. Step-up notes have coupon rates that increase over time at a pre-specified rate. B. Accrual bonds have only one cash inflow at maturity. C. Accrual bonds, like zero-coupon bonds, always sell at a discount to face value.

单选题The investment objective of earning a return on an investment that is at least equal to the inflation rate is called:

单选题National Scooter Company and Continental Chopper Company are motorcycle manufacturing companies. National' s target market includes consumers that are switching to motorcycles because of the high cost of operating automobiles and they compete on price with other manufacturers. The average age of National' s customers is 24 years. Continental manufactures premium motorcycles and aftermarket accessories and competes on the basis of quality and innovative design. Continental is in the third year of a five-year project to develop a customized hybrid motorcycle. Which of the two firms would most likely report higher gross profit margin, and which firm would most likely report higher operating expense stated as a percentage of total cost? Higher gross profit margin Higher percentage operating expense ①A. Continental National ②B. National Continental ③C. Continental Continental

单选题If interest rates fall, the: A. callable bond's price rises faster than that of a noncallable but otherwise identical bond. B. callable bond's price rises more slowly than that of a noncallable but otherwise identical bond. C. value of call option embedded in the callable bond fails.

单选题An analyst gathered the following financial information about a firm: Estimated EPS $10 per share Dividend payout ratio 40% Required rate of return 12% Expected long-term growth rate of dividends 5% What would the analyst"s estimate of the value of this company"s stock be?

单选题A company has issued only one class of common shares and it does not pay dividends on them

单选题A firm is expected to have four years of growth with a retention ratio of 100 percent. Afterwards the firm's dividends are expected to grow 4 percent annually, and the dividend payout ratio will be set at 50 percent. If earnings per share (EPS)=$2.4 in year 5 and the required return on equity is 10 percent, what is the stock's value today? A. $20.00. B. $30.00. C. $13.66.

单选题When a reliable estimate of costs exists, ultimate payment is assured, and revenue is earned as costs are incurred. Which of the following revenue recognition methods should be used?

单选题Which of the following statements is most accurate? A continuous market most likely exists for a stock when: A. Significant new information about the company is released to market participants. B. An overnight buildup of buy and sell orders for the stock occurs. C. Numerous dealers are willing to make a market in the stock.

单选题An analyst acquires the following information regarding a company:

单选题Which of the following describes the regulatory practice of setting prices at a level where the monopoly firm's average total cost curve intersects the demand curve?

单选题Analysis using the AS-AD model suggests that if expected inflation equals actual inflation:

单选题An analyst does research about execution mechanisms. With respect to market structures, currencies are most likely traded in a market that is: A. quote driven. B. brokered. C. order driven.

单选题An analyst is creating a new stock market index that is not affected by stock splits. The index the analyst is least likely to develop is:

单选题An analyst does research about price elasticity of demand and determines that when the price of a product increases from $15 to $17, the quantity demanded decreases from 51 units to 45 units. The product's price elasticity of demand is best described as: A. inelastic. B. unit elastic. C. elastic.

单选题Which of the following statements regarding the financial statement impact of recording liabilities resulting from the application of SFAS 143 is TRUE? In accounting periods following an asset acquisition, liability values are: A. accreted in a manner similar to interest for bond amortization. The difference here is that the interest component falls through time instead of rising. B. accreted in a manner similar to interest for bond amortization. The difference here is that the interest component rises through time instead of falling. C. accreted in a manner similar to interest for bond amortization. This accretion is recorded as a gain on the income statement.

单选题Which of the following statements about futures contracts on U. S. exchanges is least likely accurate ? A. If annualized 90-day LIBOR decreases from 3.64% to 3.58%, a long position in a $1 million Eurodollar futures contract loses $150. B. A $100000 Treasury bond futures contract that settles at 102-16 represents Treasury bonds worth $102500. C. The value of an S&P 500 Index Futures contract with a multiplier of $ 250 has a value of $ 354575 on the settlement date if the index value on that date is 1418.3.