单选题The profit/loss diagram for a covered call strategy looks like what other type of profit/loss diagram A. Short call. B. Long call. C. Short put.

单选题The greater of either zero or the present value of the exercise price minus the underlying price is most likely the lower bound on the price of a(n):

单选题Which action is most likely considered a secondary source of liquidity?

单选题An analyst does research about common probability distributions. Which of the following provides the probability of a range of outcomes? A. Probability function. B. Probability density function. C. Bernoulli function.

单选题Napa Corp. sells one-year memberships to its Fine Wine Club for $180. Wine Club members each receive a bottle of white wine and a bottle of red wine, selected by the Club director, four times each year at the beginning of each quarter. To properly account for sales of Wine Club memberships, Napa will record: A. an asset called prepaid sales. B. a liability called accrued expenses. C. a liability called unearned revenue.

单选题When analyzing the value of a single normally distributed populations variance, the most appropriate test is a(n): A. chi-squared test. B. paired comparison test. C. F-test.

单选题To convert an indirect statement of cash flows to a direct basis, the analyst would: A. subtract any depreciation that was included in the cost of goods sold. B. subtract decreases in accounts receivables from net sales. C. add decreases in inventory to the cost of goods sold.

单选题The lower bound on European call option prices can be adjusted for cash flows of the underlying asset by :

单选题ConsideranagreementbetweenFranceandGermanythatwillrestrictsteelproductionsothatmaximumeconomicprofitcanberealized.Thepossibleoutcomesoftheagreementarepresentedinthetablebelow.GermanycompliesGermanydefaultsFrancecompliesFrancegets34billion.Francegets14billion.Germanygets33billion.Germanygets45billion.FrancedefaultsFrancegets43billion.Francegets17billion.Germanygets6billion.Germanygets18billion.Basedonthegametheoryframework,themostlikelystrategyfollowedbythetwocountrieswithrespecttowhethertheycomplywithordefaultontheagreementwillbe:

单选题An analyst is doing research about survivorship bias and its impact on measurement ratios. With a failure to comply with performance presentation standard, hedge fund databases and indexes, which are most likely to overstate: A. Sharpe ratios. B. standard deviation of retums. C. correlations with returns from common stocks.

单选题Alex, CFA, is a portfolio manager at OLC Asset Manager, which specializes in managing labor union pension fund accounts. A friend of Alex's who is an investment banker asks Alex to purchase shares in their new IPOs in order to support the price long enough for insiders to liquidate their holdings. Alex realizes that the price of the shares will almost certainly fall dramatically after his buying support ceases. DLC management "strongly suggest" that Alex "not rock the boat" and honor the investment banker's request since DLC has had a long-standing relationship with the investment bank. Alex agrees to make the purchase. Which of the following statements is most likely to be correct? A. Alex has not violated the Code and Standards. B. Alex has violated the Code and Standards by attempting to distort prices. C. Alex has violated the Code and Standards by failing to place orders in the appropriate transaction priority.

单选题The calculation of the income recognized in the third year of a five-year construction contract accounted for using the percentage-of-completion method includes the ratio of（ ）

单选题Given the following inventory data about a firm: Beginning inventory 20 units at $ 50/unit Purchased 10 units at $45/unit Purchased 35 units at $ 55/unit Purchased 20 units at $ 65/unit Sold 60 units at $ 80/unit What is the inventory value at the end of the period using FIFO?

单选题The put-call parity relation can be adjusted for dividend payments on a stock by which of the following methods?（ ）

单选题The current annual inflation rate, as measured by using the Consumer Price Index (CPI), is best defined as: A. increase in the CPI from a year ago. B. percentage change in the CPI from its base period. C. percentage change in the CPI from a year ago.

单选题An at-the-money protective put position (comprised of owning the stock and buying a put) : A. protects against loss at any stock price below the strike price of the put. B. has limited profit potential when the stock price rises. C. returns any increase in the stock's value, dollar for dollar, less the cost of the put.

单选题An investor buys two calls and one put on ABC stock, all with a strike price of $45. The calls cost $5 each, and the put costs $4. If the investor closes the position when ABC is priced at $55, the investor"s per share gain or loss is :

单选题Which of the following is a shortcoming(s) of the constant growth dividend discount model? A. Firms with temporary high-growth expectations have characteristics that are inconsistent with model. B. Many rapid growth companies pay little or no dividends, and forecasting their future plans may be futile. C. All these choices are correct.

单选题When the relative over-the-counter (OTC) to NYSE volume ratio is decreasing, contrary-opinion technicians would do which of the following?

单选题A fund manager would like to estimate the probability of a daily loss higher than 5% on the fund he manages