单选题Assume the Federal Reserve purchases $3 billion in securities in the open market. What is the maximum increase in the money supply that can result from this action, if the required reserve ratio is 25% and there is no currency drain?
单选题In a regulated industry, the introduction of a marginal cost pricing role that maximizes total surplus would most likely be viewed as: A. inefficient but leaves the natural monopoly incurring an economic loss. B. inefficient and allows the natural monopoly to realize an economic gain. C. efficient but leaves the natural monopoly incurring an economic loss.
单选题If a reliable estimate of total costs of the contract does NOT exist, which of the following revenue recognition methods should be used?
单选题Holding all other characteristics the same, the bond exposed to the greatest level of reinvestment risk is most likely the one selling at:
单选题The effects on the aggregate demand curve of an increase in expected future incomes and of an increase in the money supply, respectively are most likely: Increase in expected incomes Increase in money supply ①A. Increase Increase ②B. Increase Decrease ③C. Decrease Increase
单选题All else being equal, in a rising interest rate environment, the price of a floating-rate security will mo.st likely decline if: A. there is no cap. B. the margin required by investors declines. C. the coupon is reset every six months rather than monthly.
单选题Which of the following statements concerning companies in different industry environments is most accurate?
单选题Which of the following does NOT represent a secondary market offering?
When bonds are sold:
A. in a Rule 144A offering.
B. in an over-the-counter dealer market.
C. on an electronic trading network.
单选题What is the effective annual yield for a Treasury bill priced at $
98853 with a face value of $100000 and 90 days remaining until maturity?
A. 1.16%.
B. 4.64%.
C. 4.79%.
单选题Anequityanalystfollowstwoindustrieswiththefollowingcharacteristics:Basedontheaboveinformation,theanalystwillmostappropriatelyconcludethat,comparedwiththefirmsinIndustry2,thoseinIndustry1wouldpotentiallyhave:
单选题If the volatility of returns of an underlying security increases, then:
单选题A futures trader takes a long position of 10 contracts
单选题An analyst does research about the accrued revenue. Accrued revenue is properly classified on a financial statement as which of the following? A. Assets. B. Liabilities. C. Equity.
单选题Acompanyoperatinginahighlyfragmentedandcompetitiveindustryreportedanincreaseinreturnonequity(ROE)overtheprioryear.WhichofthefollowingreasonsfortheincreaseinROEisleastlikelytobesustainable?Thecompany:
单选题Based on the following information about the returns for 11 bonds, find out the mean, median and mode. 10,10,12,14,16,16,16,17,17,18,19 Mean Median Mode ①A. 16 16 17
②B. 16 15 17
③C. 15 15 16
单选题GaryMichael,CFA,theportfoliomanagerofseveralaggressive-growthmutualfunds.Michaelopenedanewaccounton1January2010with850000andpresentedthefollowinginformation:Asof31December2011,theinvestor'sannualizedmoney-weightedrateofreturnsinceopeningtheaccountisclosestto:A.2.0%B.12.47%C.20.23%
单选题Which of the following statements about the implications of tests for the efficient market hypothesis (EMH) is least accurate?（ ）
单选题A 5-year floating-rate security was issued on January 1, 2006
单选题两个投资项目(项目A和项目B)的相关数据如下表所示，且两项目的必要回报率均为14%。试根据这些条件解答问题。
项目A和项目B的相关数据
项目A
项目B
初始成本
年限
现金流
2800万美元
2
1800万美元/年
5500万美元
3
2500万美元/年
单选题A security market in which all the bids and asks for a stock are gathered to arrive at a single price that satisfies most of the orders is best described as a: