单选题An American option is more valuable than a European option on the same dividend paying stock with the same terms because the:
单选题Which of the following is least likely an accurate statement about the
major components of GIPS?
A. GIPS cover the professional qualifications of those responsible for
managing assets at a firm claiming compliance.
B. GIPS cover the way investment firms calculate composite returns as well
as the method used to create the composite itself.
C. GIPS apply to many categories of portfolio assets including stocks,
bonds, real estate, and private equity.
单选题Which of the following describes how issuing zero-coupon bonds affects a company's financial statements ? A. Company net income is overstated every year until maturity. B. Cash flow from financing increases in the year of issuance. C. Cash flow from investing decreases in the year of maturity.
单选题When providing outside services, a member should provide all of the following information to her current employer EXCEPT:
单选题A portfolio manager estimates the probabilities of the following events for a mutual fund:
Event A: the fund will earn a return of 5%
单选题Thefollowingtableshowsthevolatilityofaseriesoffundsthatbelongtothesamepeergroup,rankedinascendingorder:Thevalueofthefirstquintileisclosestto:
单选题Which of the following statements is/are true? Ⅰ. Stable value funds invest predominantly in Treasury bills in order to preserve capital. Ⅱ. Growth funds generally avoid stocks with high Price/Earnings multiples, since their growth is perceived to have already peaked. Statement Ⅰ Statement Ⅱ ①A. True True ②B. True False ③C. False False
单选题Examples of potentially dilutive securities include all of the following EXCEPT（ ）
单选题Assume a good becomes illegal to buy or sell, and the expected penalty
for selling the good is greater than that for buying the good. Relative to when
the good was legal:
A. price and quantity will rise.
B. price and quantity will decline.
C. price will rise and quantity will decline.
单选题Many academics claim that a particular anomaly's results reflect the
inability of the asset pricing model to provide a complete measure of risk.
Which of the following anomalies are the academics discussing?
A. The size effect.
B. Stock splits.
C. The neglected firm effect.
单选题Using the following information, what is the firm"s cash flow form operations?
Net income
Decrease in accounts receivable
Depreciation
Increase in inventory
Increase in accounts payable
Decrease in wages payable
Increase in deferred tax liabilities
Profit from the sale of land
$330000
$86000
$45000
$50000
$75000
$23000
$46000
$6000
单选题An issue subject to a vote at a stockholders' meeting is presented in a(n): A. interim report. B. proxy statement. C. management statement of responsibility.
单选题A mutual fund manager wants to create a fund based on a high-grade corporate bond index. She first distinguishes between utility bonds and industrial bonds; she then, for each segment, defines maturity intervals of lee than 5 years, 5 to 10 years, and greater than 10 years. For each segment and maturity level, she classifies the bonds as callable or noncallable. She then selects bonds from each of the subpopulations she has created. For the manager's sample, which of the following best describes the sampling approach?
单选题Which of the following organizations is least likely involved with enforcing compliance with financial reporting standards?
单选题Juniper Corp. has the following transactions in 2005.
Juniper' s equipment with a book value of $ 55000 was sold for $ 85000
cash. A parcel of land was purchased for $100000 worth of
Juniper common stock. ABC company paid Juniper preferred
dividends of $ 40000. Juniper declared and paid a $100000 cash
dividend. Using the indirect method, what is cash flow from
financing (CFF) for Juniper for 2005?
A. $ 60000.
B. $100000.
C. $15000.
单选题An analyst does research about probabilities of a fund and an index. The fund underperforms the index, given the index return is positive is 0.45. The fund underperforms the index and the index return is positive is 0.20. If the two events "the fund underperforms the index" and "the index return is positive" are independent, the probability that the fund underperforms the index or the index return is positive is closest to: A. 0.44 B. 0.69 C. 0.89
单选题Gordon is a CFA charter holder and the pension fund manager for a workers union. The union president informed him that during a union meeting today with Zinc Limited he learned that Zinc will announce several plant closings tomorrow. Because the workers union pension has a sizable position in Zinc, the union president wants Gordon to sell the pensions holdings in Zinc today before the announcement is made publiC．Gordon should（ ）