单选题The risk-free rate is 5% and the expected market risk premium is 10%. A portfolio manager is projecting a return of 20% on a portfolio with a beta of 1.5. After adjusting for risk, this portfolio is expected to:
单选题The price of a good falls from $15 to $13
单选题All of the following statements about a manager"s use of clients" brokerage commissions are true except:
单选题Sue Parsons, CFA, works full-time as an investment advisor for the Malloy Group, an asset management firm. To help pay for her children's college expenses, Parsons wants to engage in independent practice in which she would advise individual clients on their portfolios. She would conduct these investment activities only on weekends. Which of the following statements about Standard Ⅳ (A), Loyalty to Employer, is most accurate? Standard Ⅳ (A): A. precludes Parsons from entering into an independent competitive activity while still employed by Malloy. B. does not require Parsons to notify Malloy of preparing to undertake independent practice under the current conditions. C. requires Parsons to notify Malloy in writing about her intention to undertake an independent practice.
单选题A firm"s financial position at a specific point in time is reported in:
单选题Financial ratios alone are least likely helpful to determine a companys:
单选题Which of the following indexes is a price weighted index?
A. The New York Stock Exchange Index.
B. The Tokyo Stock Exchange Index.
C. The Nikkei Dow Index.
单选题Which of the following is most tikely a depreciation method in which the allocation of cost corresponds to the actual use of an asset in a particular period? A. Accelerated method. B. Weighted average method. C. Units-of-production method.
单选题A European stock index call option has a strike price of $1 160 and a time to expiration of 0.25 years. Given a risk-flee rate of 4 percent, if the underlying index is trading at $1 200 and has a multiplier of 1, the lower bound for the option price is closest to:
单选题Alexandra Zagoreos, CFA, is the head of a government pension plan
单选题An analyst does research about contra accounts. Which of the following is least likely classified as contra accounts? A. Account payable. B. Allowance for bad debts. C. Accumulated depreciation.
单选题Which of the following statements about closing a futures position is least accurate? A. Few futures positions are settled by delivery of cash or assets. B. Except for exchange for physicals (EFP) transactions, futures contracts must be closed on the exchange floor. C. Closing a position through delivery refers exclusively to the physical delivery of goods.
单选题Which of the following statements best describes marking-to-market of a futures contract? At the（ ）
单选题An analyst estimates that an initial investment of $500 000 in a venture capital project will pay $6 million at the end of five years if the project succeeds and that the probability the project survives to the end fifth year is 25 percent. The required rate of return for the project is 19 percent. The expected net present value of the venture capital investment is closest to.
单选题Yamaska Mining issued a 5-year, $50 million face, 6% semiannual bond when market interest rates were at 7%. What is the initial balance sheet liability and what is the cumulative interest expense (in dollars) that the company should report following the first half of the second year of the bond's life (the third semiannual period) ? Cumulative interest expense Initial liability to end of first half of year 2 A. $47920849 $4500000 B. $47920849 $5051516 C. $50000000 $9000000
单选题A company entered into a three-year construction project with a total contract price of $5.3 million and expected cost of $4.4 million. The following table provides cash flow information relating to the contract:
单选题An annual-pay bond with a yield to maturity of 5.90% has a bond equivalent ield closest to: A. 2.9% B. 5.8% C. 6.0%
单选题A company reports sales of $50000000 for the year ended 31 December 2009. Accounts receivable balances were $6000000 at 1 January 2009 and $7500000 at 31 December 2009. The company's cash collections from sales for 2009 are closest to.
单选题For a skewed distribution, what is the minimum percentage of the observations that will lie between + 4 standard deviations of the mean based on Chebyshev"s inequality?
单选题Given two otherwise identical bonds, when interest rates rise, the price of Bond A declines more than the price of Bond B