单选题Lee Ann Company collected the following amounts for subscriptions to the magazine it publishes during the past year: Date Amount Collected Subseription April 1 $ 60000 one year July 1 $ 300000 two years October 1 $ 36000 three years What amount of subscription revenue should Lee Ann Co recognize for the year?（ ）

单选题An investor buys a 15-year, 10 percent annual pay coupon bond for $1000. He plans to hold the bond for 5 years while reinvesting the coupons at 12 percent. At the end of the 5-year period he feels he can sell the bond to yield 9 percent. What is the expected realized (horizon) yield?

单选题Which of the following statements about Treasury Inflation Protected Securities (TIPS) is least accurate? A. Inflation adjustments are made semiannually. B. The coupon rate on TIPS is effectively a real rate of interest. C. The coupon rate adjusts upward for inflation.

单选题Which of the following statements best describes the role of the International Organization of Securities Commissions (IOSCO)? The IOSCO:

单选题An analyst does research about the covariance of returns and gathers the following information about the retums of two securities: Probability Security 1 Security 2 0.6 0% 20% 0.4 20% 0% The covariance of returns between Security 1 and Security 2 is closest to: A. -36 B. -64 C. -96

单选题Accounting warning signs related to Enron scandal least likely include:

单选题A&G Inc."s income statement shows sales of $3000, cost of goods sold of 1200, pre-interest operating expense of $400, and interest expense of $50. A&G"s interest coverage ratio is closest to:

单选题Which bonds most likely rank the highest with respect to priority of claims?

单选题Millicent Plain has just finished taking Level II of the CFA examination

单选题The duration and convexity of an option-free bond priced at $90

单选题The three main sources of return for commodities futures contracts most likely are:

单选题The structure of interest rates results from all the following EXCEPT: A. viewing each bond coupon payment as a separate zero coupon bond. B. viewing a bond's cash flows as having maturities ranging from the next coupon payment to the final payment at maturity. C. creating the yield curve by plotting term to maturity against the coupon rate.

单选题Use the following information to calculate cash flows from operations using the indirect method. Net Income $12000 Depreciation Expense 1000 Loss on sale of machinery 500 Increase in Accounts Receivable 2000 Decrease in Accounts Payable 1500 Increase in Income taxes payable 500 Repayment of Bonds 3000

单选题 {{B}}Based on the following information to answer questions：{{/B}} BWT, Inc. shows the following data in its financial statements at the end of the year. Assume all securities were outstanding at the beginning of the year: 6.125% convertible bonds, convertible into 33 shares of common stock. Issue price $1000100 bonds outstanding. 6.25% convertible preferred stock, $100 par, 2315 shares outstanding. Convertible into 3.3 shares of common stock, Issue price $100. 8% convertible preferred stock, $100 par, 2572 shares outstanding. Convertible into 5 common shares, Issue price $ 80. 9986 warrants are outstanding with an exercise price of $ 38. Each warrant is convertible into 1 share of common. Average market price of common is $ 52.00 per share. Common shares outstanding at the beginning of the year were 40045. Net income for the period was $ 200000 while the tax rate was 40%.

单选题In periods of rising prices, LIFO (as compared to FIFO) results in:

单选题Susan, CFA, is a portfolio manager. One of her firm"s clients has told Susan that he will compensate her beyond that provided by her firm on the basis of the capital appreciation of his portfolio each year. Susan should:

单选题Over the past four years, a portfolio experienced returns of 4%,4%,17%, and -12%

单选题Which of the following statements is most accurate with respect to rebalancing and reconstitution of security market indices?

单选题Which of the following statements is least accurate with regard to the efficiency of monopolistic competition ? A. Consumers benefit from brand name promotion and advertising. B. Promotion and advertising enable consumers to make more informed decisions. C. Monopolistic competition is at least as efficient as perfect competition.

单选题A company uses LIFO and had a 2006 LIFO reserve of $ 90000 and a 2005 LIFO reserve of $ 85000. The company' s marginal tax rate is 28% and cost of goods sold is $100000 for 2006. The change in 2006 net income if FIFO inventory costing had been used is: A. - $ 3600. B. - $1200. C. $ 3600.