单选题Duration is most accurate as a measure of interest rate risk for a bond portfolio when the slope of the yield curve:
单选题The settlement price of a deliverable forward contract at 6 percent on a $1 million 90-day Treasury bill would be:
单选题Which of the following types of unemployment is most likely to be associated with an economy in which many workers have been made obsolete by changing technology?
单选题As compared with acting independently, a group of" oligopolistic
companies operating with perfect cooperation will most likely experience:
A. an increase in both output and prices.
B. an increase in output and a decrease in prices.
C. an increase in prices and a decrease in output.
单选题Nicholas Bennett, CFA, is a trader at a stock exchange
单选题In a repurchase agreement, the repo margin will be lower the:
单选题An analyst does research about sampling and estimation and gathers the following information about the performance of a sample of funds from each of three different categories of mutual funds: Sample Population Standard Deviation Sample Mean Sample Size Category 1 15% 9.9% 40 Category 2 16% 10.3% 50 Category 3 19% 8.7% 65 The smallest standard error of the sample mean is associated with the sample from: A. Category 1. B. Category 2. C. Category 3.
单选题According to CFA Institute of Professional Conduct (the Standards), which of the following is NOT a recommendation procedure for compliance with the Standards relating to fair dealing? A. Limit the number of people involved. B. Maintain a list of clients and their holdings. C. Prolong the time frame between decision and dissemination.
单选题A European company issues a five-year euro-denominated bond with a face value of EUR50,000,000
单选题The opportunity to take advantage of the downward pressure on stock
prices that result from end-of-the-year tax selling is known as the:
A. January anomaly.
B. December anomaly.
C. end-of-the-year effect.
单选题An analyst does research about bond yield and gathers the following information about the call structure for a 7 percent coupon bond that pays interest semiannually and matures in ten years: ·not callable for the next 5 years ·first callable at beginning of year 6 (end of the fifth year) at $102 ·first par call date at beginning of year 8 (end of the seventh year) at $100 If the bond is correctly priced at $102.75, the bond's yield to first call is closest to: A. 3.34% B. 6.35% C. 6.68%
单选题Which of the following is least likely to result from an increase in the rate of growth in the money supply?
单选题Which of the following is TRUE with respect to the relationship of the money - weighted return to the time - weighted return? If funds are contributed to a portfolio just prior to a period of favorable performance, the : A. money - weighted rate of return will tend to be depressed. B. time - weighted rate of return will tend to be elevated. C. money - weighted rate of return will tend to be elevated.
单选题Using the following assumptions, calculate the rate of return on a margin transaction for an investor who purchases the stock and the stock price at which the investor who shorts the stock will receive a margin call. Market Price Per Share: $ 32 Number of Shares Purchased: 1000 Holding Period: 1 year Ending Share Price: $ 34 Initial Margin Requirement: 40% Maintenance margin: 25% Transaction and borrowing costs: $ 0 The company pays no dividends What of the following choices is closest to the correct answer? Margin Return Margin Call Price ①A. 15.6% $17.07
②B. 6.3% $17.07
③C. 15.6% $35.80
A．① B．② C．③
单选题Stanley, CFA, a research analyst with a brokerage firm, decides to
change his recommendation on the common stock of Vellon Company, Inc., from a
buy to a sell. He mails this change in investment advice to all the firm's
clients on Thursday. The day after the mailing, a client calls with a buy order
for 5000 shares of Vellon Company. In this circumstance, Stanley should:
A. accept the order.
B. advise the customer of the change in recommendation before accepting the
order.
C. not accept the order because it is contrary to the firm's most recent
recommendation.
单选题Which of the following investors is least likely to have liquidity risk concerns? A: A. financial institution heavily involved in the repurchase market. B. portfolio manager for an emerging-market fund. C. trader who invests exclusively in Treasury bonds.
单选题Which of the following statements regarding provisions for paying off bonds is least likely correct? A. Nonrefundable bonds can be callable. B. Serial bonds are an issue with several staggered maturity dates. C. A sinking fund provision gives the company the option to retire portions of the bond issue prior to maturity.
单选题Yao Tsang, CFA has a large percentage of his net worth invested in the Australian mining company, Outback Mines, which he has held for many years
单选题George's Appliance Center sells big screen televisions. On a representative model, when the price was reduced from $ 2450 to $ 2275, monthly demand increased from 175 to 211 units. What is the price elasticity of demand?
单选题Mary A Contrary has a SHORT position in 15 November heating oil contracts. She buys 15 December heating oil contracts. Ms. Contrary has: A. closed her futures position by offset. B. initiated a new LONG futures position in addition to her existing SHORT position. C. initiated an exchange-for-physicals (EFP).