单选题An options investor purchases one stock put option on General Motor"s stock. The put has the following characteristics : Type of option: put option Underlying asset: 100 shares of General Motor"s stock Exercise price : $75 per share Premium: $1.81 per share Expiration date : November By taking a LONG position in this put option, the investor has:

单选题Point and figure charting is most concerned with which of the following? A. Time. B. Price "jumps". C. Relative Strength.

单选题If people correctly anticipate the effects of expansionary monetary policy before it occurs, then implementing the policy will:

单选题What is the most likely effect on the accounting equation when a company purchases office equipment with cash?

单选题Which of the following would result in a wider confidence interval? A. higher degree of confidence. B. higher alpha level. C. higher point estimate.

单选题A random variable that has a countable number of possible values is called a: A. discrete random variable. B. continuous random variable. C. probability distribution.

单选题Which statement is NOT a recommendation procedure for compliance with the Professional Conduct Standards relating to fair dealing? Member should: A. develop and document tradeallocation procedures. B. ensure all clients receive the same level of service. C. publish guidelines for pre-dissemination behavior.

单选题For a bond currently priced at $1018 with an effective duration of 7.48, if rates moved down 75 basis points, the new price would be approximately:

单选题Which of the following return objectives is most likely the primary objective given a 70 year-old widow who owns a portfolio comprised of 100 percent Treasury bonds?

单选题The Value Line index is an equally weighted geometric average of the return of about 1700 firms. What is the value of an index based on the geometric average returns of three stocks, where the returns on the three stocks during a given period were 20% , -10%, and 5% 9

单选题A hypothesis test fails to reject a false null hypothesis

单选题If Heritage Company's current dividend per share is $1.00, its current market price is $ 25, and its growth rate is 8 percent, what is the implied rate of return on the company's stock?

单选题Which of the following statements regarding call options is most accurate? The: A. breakeven point for the seller is the strike price minus the option premium. B. call holder will exercise (at expiration) whenever the strike price exceeds the stock price. C. breakeven point for the buyer is the strike price plus the option premium.

单选题An analyst does research about kurtosis. Compared to a normal distribution, a distribution with excess kurtosis of zero is best described as: A. less peaked. B. equally peaked. C. greater peaked.

单选题An analyst does research about a company's earnings and gathers the following information about the company: ·Earnings per share is $1.20 ·Price-to-earnings ratio is 17 ·Book value per share is $16 ·Market value per share is $18 All else being equal, if the company funds a share repurchase using debt with an after-tax cost of 6.5%, the company's EPS will most likely: A. decrease. B. remain the same. C. increase.

单选题Falcon Financial Group is considering the purchase of Company A or Company B based on a low price-to-book investment strategy that also considers differences in solvency. Selected financial data for both firms, as of December 31, 20×7, follows: in millions, except per-share data Company A Company B Current assets $ 3000 $ 5500 Fixed assets $ 5700 $ 5500 Total debt $ 2700 $ 3500 Common equity $ 6000 $ 7500 Outstanding shares 500 750 Market price per share $ 26.00 $ 22.50 The finns" financial statement footnotes contain the following: Company A values its inventory using the first-in, first-out (FIFO) method. Company B" s inventory is based on the last-in, first-out ( LIFO ) method. Had Company B used FIFO, its inventory would have been $ 700 million higher. Company A leases its manufacturing plant. The remaining operating lease payments total $1600 million. Discounted at 10 percent, the present value of the remaining payments is $1000 million. Company B owns its manufacturing plant. To make the firms financials ratios comparable, calculate the adjusted price-to-book ratios for Company A and Company B. Company A Company B ①A. $2.17 $2.81 ②B. $1.63 $2.06 ③C. $2.17 $2.06

单选题Afirmreportedthefollowingfinancialstatementitems:CashFlowItem（）Netincome2,100Non-cashcharges400Interestexpense300Capitalexpenditure210Workingcapitalexpenditures0Netborrowing1,600Taxrate40%Thefreecashflowtothefirmisclosestto:

单选题ff an investment of $ 4000 will grow to $ 6520 in four years with monthly compounding, the effective annual interest rate will be closest to:

单选题Standard Ⅳ（B）Additional Compensation Arrangement, requires that analysts inform their employer regarding additional compensation（ ）

单选题Paul Blackburn is describing mortgage backed securities and makes the following statements: Statement 1: A mortgage pass-through security is formed by pooling a large number of mortgages and issuing certificates that represent ownership shares in the pool. Because each mortgage borrower has the right to prepay the mortgage, the value of a pass-through security behaves as if the security has an embedded put feature. Statement 2: A collateralized mortgage obligation with sequential tranches is created by pooling mortgage pass-through certificates. Securities are issued in different tranches that have proportionate claims on the cash flows from the pass-through certificates. Are Blackburn's statements correct? Statement 1 Statement 2 ①A. Correct Correct ②B. Correct Incorrect ③C. Incorrect Incorrect