单选题Which is least likely to be true? Forward contracts: A. are unique contracts. B. are private contracts. C. require no up front cash and are default risk free.

单选题A bond with a 12 percent coupon, 10 years to maturity and selling at 88 has a YTM of:

单选题Given the following information and assuming beginning inventory was zero what is the gross profit at the end of the period using the FIFO, LIFO, and average cost methods? Purchases Sales 20 units at $ 50 15 units at $ 60 35 units at $ 40 35 units at $ 45 85 units at $ 30 85 units at $ 35 FIFO LIFO Cost Average ①A. $ 650 $ 750 $ 990 ②B. $ 650 $ 750 $ 677 ③C. $ 677 $ 650 $ 677 A．① B．② C．③

单选题Which of the following describes a market for goods or services that operates outside the legal system, trading at prices that exceed legally imposed price ceilings? A. An incidental market. B. A black market. C. A utilitarian market.

单选题Which of the following are least likely violations of Standard Ⅰ(D), Misconduct? Being（ ）

单选题In the context of bonds, accrued interest: A. equals interest earned from the previous coupon to the sale date. B. covers the part of the next coupon payment not earned by seller. C. is discounted along with other cash flows to arrive at the dirty, or full price.

单选题Which of the following international organizations' mandate is to makes resources available to member countries with balance of payments problem? A. World Bank. B. World Trade Organization. C. International Monetary Fund.

单选题Which of the following statements most accurately describes a valuation allowance for deferred taxes? A valuation allowance is required under:

单选题Regarding the cost-push and demand-pull inflation processes, which requires repeated expansionary actions by governmental policy makers? A. Cost-push inflation. B. Demand-pull inflation. C. Both cost-push and demand-pull inflation.

单选题Consider the following tour options on the same underlying instrument: Option 1 : September call, exercise price = $55. Option 2 : September call, exercise price = $60. Option 3 : December put, exercise price = $75. Option 4 : December put, exercise price = $80. What is most likely the relationship among the values of these options? September calls December puts ①A. Option 1 ＞ Option 2 Option 3 ＞ Option 4 ②B. Option 1 ＞ Option 2 Option 4 ＞ Option 3 ③C. Option 2 ＞ Option 1 Option 4 ＞ Option 3

单选题An airplane manufacturing company routinely builds fighter jets for the U. S. armed forces. It takes fourteen months to build one jet, and the government pays for them in installments over the fourteen-month period. Which revenue recognition method should be used?

单选题An index was recently begun with the following two stocks: Company A -50 shares valued at $ 2 each. Company B - 10 shares valued at $10 each. Given that the value-weighted index was originally set at 100 and Company A's stock is currently selling for $ 4 per share while Company B's stock is still at $10 per share, what is the current value of the price-weighted index and the value-weighted index? Price -weighted Value -weighted ①A. 7 300 ②B. 8 150 ③C. 7 150 A. ①B. ②C. ③

单选题An analyst is classifying different types of risks. The risk arising from a company's obligation to meet required payments under its agreements is best classified as: A. total risk. B. financial risk. C. operating risk.

单选题Which one of the following alternatives best describes the primary use of inferential statistics? A. They are used to approximate the characteristics of any data set. B. They are used to make forecasts based on large data sets. C. They are used to make forecasts, estimates or judgments about a large set of data based on statistical characteristics of a smaller sample.

单选题Baetica Company reported the following selected financial statement data for the year ended December 31, 20×7 : in millions % of Sales For the year ended December 31, 20×7 : $ 500 100% Sales $ 1200000 Cost of goods sold (300) 60% Selling and administration expenses (125) 25% Depreciation 10 % Net income $ 25 5% ＜＞＞ As of December 31, 20×7 : Non-cash operating working capital $100 20% Cash balance $ 35 N/A Non-cash operating working capital = Receivables + Inventory Payables Baetica expects that sales will increase 20 percent in 20 × 8. In addition, Baetica expects to make fixed capital expenditures of $ 75 million in 20 × 8. Ignoring taxes, calculate Baetica" s expected cash balance, as of December 31,20 × 8, assuming all of the common-size percentages remain constant.

单选题Rodney Rodrigues, CFA, is responsible for identifying professionals to manage specific asset classes for his firm

单选题Which of the following statements best describes vertical common-size analysis and horizontal common-size analysis? Statement 1 : Each line item is expressed as a percentage of its base-year amount. Statement 2: Each line item of the income statement is expressed as a percentage of revenue and each line item of the balance sheet is expressed as a percentage of ending total assets. Statement 3: Each line item is expressed as a percentage of the prior year" s amount. Vertical analysis Horizontal analysis ①A. Statement 1 Statement 2 ②B. Statement 2 Statement 3 ③C. Statement 2 Statement 1

单选题With respect to the portfolio management process, a well-constructed investment policy statement is least likely to include: A. investor return objectives and liquidity constraints. B. the target asset allocation assigned to each asset class. C. the specific securities that need to be purchased.

单选题The following annual financial data are available for a company: ￡millions Beginning interest payable 90.4 Cash paid for interest 103.3 Ending interest payable 84.5 Interest expense for the year is closest to:

单选题The method a high end custom-built motorcycle manufacturer uses to value its inventory results in the matching of the physical flow of the particular items sold, and the items remaining in inventory, to their actual cost