单选题An analyst compares two companies that are identical except that
Company X capitalizes its leases and Company Y writes them off as operating
leases. The analyst would expect Company X' s debt-to-equity ratio, relative to
Company Y's, to be:
A. higher.
B. the same.
C. lower.
单选题A company sells its receivables but retains the risk associated with bad debts. When reviewing this company a financial analyst would adjust the company' s debt-to-equity ratio and its accounts receivable turnover ratio: Debt-to-equity Receivables turnover ①A. Upward Upward ②B. Downward Upward ③C. Upward Downward
单选题A stock priced at $100 has a 70 percent probability of moving up and a 30 percent probability of moving down. If it moves up, it increases by a factor of 1.02. If it moves down, it decreases by a factor of 1/1.02. What is the probability that the stock will be $100 after two successive periods?
单选题The option adjusted spread (OAS) is best described as the:
单选题In accrual accounting, if an adjusting entry results in the reduction of an asset and the recording of an expense, the originating entry recorded was most likely a(n):
单选题The demand and supply functions for a leading smart phone are furnished below:
I = Household income in $ per year
W = Wage rate in $ per hour
Currently, the firm has priced the smart phone at $250 per unit. If the wage is $10 per hour and the household income is $9,500 per year, the smart phones equilibrium price is closest to:
单选题A portfolio manager holds the following three bonds, which are option free and have the indicated durations.
The portfolios duration is closest to:
单选题A trader buys (takes a long position in) a Eurodollar futures contract ($1 million face value) at 97.62 and closes it out at a price of 99.34. On the contract the trader has:
单选题What value would an investor place on a 20 - year, $1000 face value, 10 percent annual coupon bond, if the investor required a 9 percent rate of return?
单选题On the maturity date, stock index futures contracts require delivery of:
单选题While working on her report, Jean Paul, CFA, learns from her friend in the investment banking department that the company she is analyzing can expect a tender offer very soon. Concerning this conclusion, Paul can（ ）
单选题Consider a $100 par value bond, with an 8% coupon paid annually, maturing in 20 years
单选题An investor purchases 10 futures contracts priced at $100 each
单选题Construct a 90 percent confidence interval for the starting salaries
of 100 recently hired employees with average starting salaries of $ 50000 and a
standard deviation of $ 3000 assuming the population has a normal distribution.
A. 50000±1.65 (3000);
B. 50000±1.65 (300).
C. 30000±1.65 (5000).
单选题An examination of the cash receipts and payments of Xavier Corporation reveals the following:
单选题A finn needs to adjust the financial statements for a change in the
tax rate. Taxable income is $ 80000 and pretax income is
$100000. The current tax rate is 50% , and the new tax rate is 40%. The
difference in taxes payable between the two rates is:
A. $ 7000.
B. $ 8000.
C. $ 9000.
单选题At the beginning of 2007, Bryan' s Bakery Company purchased a secret cookie recipe for $ 25000. In addition, Bryan developed a new cake recipe at a cost of $ 5000. Bryan expects to use both recipes indefinitely ; however, the useful (economic) life of similar recipes has been 10 years. Assuming straight-line amortization, what amount of recipe expense should Bryan report for the year ended 2007 and what amount should Bryan report as a tangible asset on its balance sheet at the end of 2007? Recipe expense Balance sheet ①A. $ 7500 $ 22500 ②B. $ 3000 $ 27500 ③C. $ 7500 $ 0
单选题The type of efficiency that exists in an economy that uses resources in such a way that they are most valuable is best described as:
单选题Chan Liu, CFA, is the new research manager at the Pacific MicroCap Fund
单选题Analysts who look for patterns and trends in security prices for buy
and sell signals are called:
A. tecbnical analysts.
B. fundamental analysts.
C. signaling analysts.