单选题Acompanyhasenteredacurrencyforwardcontracttopurchase3millionatanexchangerateof$1.17pereuro.Atsettlement,theexchangerateis$1.15pereuro.Ifthecontractissettledincash,thecompanywill:
单选题Assume that nominal gross domestic product (GDP) is $10 trillion
and the money supply is $ 5 trillion. What is the velocity of money?
A. 5x.
B. 50x.
C. 2x.
单选题Which of the following statements is least accurate regarding being a part of Standard Ⅲ(B), Fair Dealing?（ ）
单选题An analyst does research about portfolio performance evaluation. Which of the following performance measures is most appropriate for an investor who is not fully diversified? A. M-squared. B. Treynor ratio. C. Jensen's alpha.
单选题Margin in the futures market is most accurately described as a: A. loan to the futures trader. B. requirement set by federal regulators. C. down payment from the futures trader.
单选题John Hill, CFA, has been working for Advisors, Inc. , for eight years. Hill is about to start his own money management business and has given his two - week notice of his resignation from Advisors. A few days before his resignation takes effect, on his lunch hour, he takes out a loan from a bank on behalf of his new business and uses the money to buy some office equipment for his new business. Since he engaged in these transactions while still an employee of Advisors, Hill violated Standard Ⅳ (A), Loyalty to Employer, by: A. engaging in a financial transaction, like taking out a loan, only. B. none of these actions. C. purchasing office equipment, only.
单选题A CFA charter holder is caught shoplifting and is sentenced to nine months in prison. Is this a violation of Standard Ⅰ (D)? A. Yes, because the prison sentence is more than six months. B. No, because the prison sentence is less than one year. C. Yes, because the crime involved stealing.
单选题If the velocity of money is increasing at a rate of 1 percent per year and real GDP is increasing at 2%, a 4% increase in the money supply will lead to:
单选题Which one of the following propositions would a strong proponent of
supply-side economics be most likely to stress?
A. Higher marginal tax rates will lead to a reduction in the size of the
budget deficit and lower interest rates, since they expand government
revenues.
B. Higher marginal tax rates promote economic inefficiency and thereby
retard aggregate output, since they encourage investors to undertake low
productivity projects with substantial tax-shelter benefits.
C. Income redistribution payments will exert little impact on real aggregate
supply, since they do not consume resources directly.
单选题Which of the following factors is least likely to affect the supply of
labor?
A. Wages offered.
B. The aggregate requirement for labor.
C. The size of the adult population.
单选题Baker Computer earned $6.00 per share last year, has a retention ratio of 55 percent, and a return on equity (ROE) of 20 percent. Assuming their required rate of return is 15 percent, how much would an investor pay for Baker on the basis of the earnings multiplier model?
单选题All else held constant, the width of a confidence interval is most likely to be smaller if the sample size is:
单选题A zero-coupon bond issued 3 years ago with a par value of $1000 has 7 years remaining to maturity. If the annual rate associated with the bond is 8 percent, the value of the bond is closest to: A. $577 B. $583 C. $790
单选题In the marketing brochure, TBC Asset Manager presents the performance of several composite portfolios managed according to similar investment strategies. In constructing composites, the firm excludes individual portfolios with less than $1 million in assets, excludes terminated portfolios, and includes simulated results. TBC includes the following disclosure in the brochure: "Past performance is no guarantee of future results. Composites exclude portfolios under $1 million in assets and include results from simulated model portfolios with similar strategies." TBC"s brochure:
单选题Assume U.S. GAAP applies unless otherwise noted. Which of the following is least likely to be classified as a financial statement element?
单选题Prior to expiration, an American put option on a stock:
单选题Lakeside Co. recently determined that one of its processing machines has become obsolete three years early and, unexpectedly, has no salvage value. Which of the following statements is most consistent with this discovery? A. Historically, economic depreciation was understated. B. Lakeside Co. will owe back taxes. C. Historically, economic depreciation was overstated.
单选题Under the cost recovery method, profit is recognized: A. as collection occurs. B. after the amount of cost has been collected. C. at time of delivery.
单选题Themonthlydemandcurveforplayingtennisataparticularclubisgivenbythefollowingequation:PTennisMatch=9-0.20QTennisMatrix.Theclubcurrentlychargesmembers$4.00toplayamatchbutisconsideringchangingtoanewflat-ratemonthlymembershipfeeforunlimitedplay.Themostthattheclubwillbeabletochargefortheflat-ratemonthlymembershipisclosestto:
单选题A put on Stock X with a strike price of $40 is priced at $3.00
per share ; while a call with a strike price of $40 is priced at $4.50.
What is the maximum per share loss to the writer of the uncovered put and the
maximum per share gain to the writer of the uncovered call? the
maximum per share loss the maximum per share gain
①A. $37.00
$4.50
②B. $37.00
$37.00
③C. $4.50
$4.50
A. ①
B. ②
C. ③