单选题What type of risk most likely affects an investors ability to buy and sell bonds in the desired amounts and at the desired time?

单选题The crowding-out effect suggests that: A. expansionary fiscal policy leads to inflation. B. restrictive fiscal policy is an effective weapon against inflation. C. greater government deficits will drive up interest rates, thereby reducing private investment.

单选题Which of the following activities would appear as a source of' funds on the Statement of Cash Flows?

单选题Information about accounting estimates, assumptions, and methods chosen for reporting is most likely found in:

单选题The return on an asset added to a portfolio is less than perfectly positively correlated with the returns of the other assets in the portfolio but has the same standard deviation. What effect will adding the new asset have on the standard deviation of the portfolio's return? The standard deviation: A. will decrease. B. will increase. C. may increase or decrease depending on the individual securities mix in the portfolio.

单选题Which of the following statements concerning security valuation is FALSE?

单选题An analyst needs to compare the financial statements of Firm A and Firm B. Which of the following differences in the two firms" financial reporting is least likely to acquire the analyst to make an adjustment? Firm A Firm B ① straight-line depreciation accelerate depreciation ② direct method cash flows indirect method cash flows ③ IFRS financial reporting U.S.A. GAAP financial reporting

单选题Given two otherwise identical bonds, when interest rates rise, the price of Bond A declines more than the price of Bond B

单选题An analyst is checking the information form his two clients William and Robert. William has been retired and is primarily concerned with achieving an investment return no less than the rate of inflation. Jules York is just in this mid-age and primarily concerned with his portfolio long term prospects setting a proper balance between capital gains and current income. Which of the following investment objectives is most appropriate for William and Robert, respectively? William Robert A. Current income Total return B. Current income Capital appreciation C. Capital preservation Total return

单选题The expected dividend is $3 for a share of stock priced at 35. What is the cost of equity if the long-term growth in dividends is projected to be 10%?

单选题A project that requires an initial investment of 5 million is expected to pay 22 million at the end of five years if it is successful

单选题Convenience Travel Corp.'s financial information for the year ended December 31, 2004 included the following:

单选题Which of the following statements is least likely to be one of the conclusions about the impact of a change in financial reporting standards that might appear in management"s discussion and analysis?

单选题Which of the following most accurately describes a market structure that has one seller of a specific, well-defined product that has no good substitutes? A. Oligopoly. B. Monopoly. C. Monopolistic competition.

单选题Projected net capital expenditures and financing decisions are most important as a component of a firm's: A. pro-forma income statement. B. expected operating cash flows. C. long-term cash flow forecast.

单选题On January 1,2008, Tenant Company leased office space from Landlord Inc. for 5 years at $ 75000 per month. On that same date, Tenant made the following payments to Landlord: First month's rent $75000 Last month's rent 75000 Security deposit 100000 Lease improvements 1500000The leasehold improvements include build-out costs to install office walls, restrooms, and a kitchen. Tenant allocates the cost of the leasehold improvements over the lease term using the straight-line method. What amount of total lease expense should Tenant report for the year ended 2008 and what is the balance of all of the lease related assets on December 31, 2008, assuming the lease payments are made on the first day of each month? Lease expense Lease related assets A. $1200000 $1200000 B. $ 375000 $1375000 C. $1200000 $1375000 Use the following information to answer Question 53 through 57. Sales of equipment Dividends paid Capital expenditures Stock repurchase Net income Deferred tax liabilities decrease Decrease in long-term debt Purchase of land Taxes paid Increase in inventory Increase in account payable 84 98 140 70 140 28 42 14 126 168 112

单选题A two-tailed t-test of the null hypothesis that the population mean differs from zero has a p-value of 0

单选题Which of the following will most likely cause the short-run aggregate supply (SRAS) curve to shift to the right?

单选题AEuropeanbasedcompanyfollowsIFRS(InternationalFinancialReportingStandards)andcapitalizesnewproductdevelopmentcosts.During2009theyspentmilliononnewproductdevelopmentandreportedanamortizationexpenserelatedtoaprioryear'snewproductdevelopmentofmillion.Otherinformationrelatedto2009isasfollows:AnanalystwouldliketocomparetheEuropeancompanytoasimilarU.S.basedcompanyandhasdecidedtoadjusttheirfinancialstatementstoU.S.GAAP.UnderU.S.GAAP,andignoringtaxeffects,thecashflowfromoperations()forthecompanywouldbeclosestto:

单选题Wei Zhang, CFA, manages accounts for high net worth clients including his own familys account