单选题Which of the following yield curves represents a situation where long-term rates are less than short-term rates?
单选题Which of the following is least likely to be used to reduce the
principal-agent problem in corporations?
A. An incentive-pay system.
B. Long-term employment contracts.
C. Firewall system inside the company.
单选题根据下表所示的股票回报率联合概率解答问题。
股票回报率的联合概率表
宏观经济状况
宏观经济状况的概率
股票业绩
股票业绩的条件概率
高涨
0.3
较好
0.5
适中
0.4
较差
0.1
平稳
0.1
较好
O.6
适中
0.3
较差
0.1
衰退
0.5
较好
0.2
适中
0.4
较差
0.4
单选题Sample error is defined as:
单选题A stock has a required rate of return of 15%, a constant growth rate of 10%, and a dividend payout ratio of 45%. The stock's price-earnings ratio should be: A. 3.0 times. B. 9.0 times. C. 4.5 times.
单选题Which of the following events is most likely to increase short-run aggregate supply (shift the curve to the right)?（ ）
单选题When computing the yield to maturity, the implicit reinvestment assumption is that the interest payments are reinvested at the: A. prevailing yield to maturity at the time interest payments are received. B. yield to maturity at the time of the investment. C. current yield.
单选题If the price of a key factor of production decreases, real GDP is most likely to: A. decrease. B. remain unchanged. C. increase.
单选题Which of the following are examples of tests used to examine the statistical independence of past returns?
单选题In the statement of cash flows, a company is allowed to classify interest paid: A. in either the operating or financing section under IFRS. B. in either the operating or financing section under U. S. GAAP. C. only in the financing section under both IFRS and U. S. GAAP.
单选题The risk components that need to be assessed in determining country risk premium for use in estimating the required rate of return for foreign securities include which of the following? Ⅰ. Business risk Ⅱ. Financial risk Ⅲ. Liquidity risk Ⅳ. Exchange rate risk Ⅴ. Country risk
单选题Recording an estimate of uncollectible accounts will least likely: A. reduce revenues. B. reduce net income. C. increase expense.
单选题An investor plans to divide her funds evenly between two assets. Assets 1 and 2 have standard deviations of 10 percent and 30 percent, respectively. If the two assets are perfectly positively correlated, the standard deviation of returns of the two-asset portfolio is closest to:
单选题Which of the following most accurately describes the shapes of the
average variable cost (AVC) and average total cost (ATC) curves?
A. The AVC and ATC curves are both U-shaped.
B. The AVC and ATC curves both decrease initially, and then flatten.
C. The AVC curve is U-shaped whereas the ATC curve declines initially then
flattens.
单选题The price value of a basis point (PVBP) for a 18 year, 8 percent
annual pay bond with a par value of $1000 and yield of 9 percent is closest to:
A. $0.82.
B. $0.44.
C. $0.63.
单选题If the yield-to-maturity on an annual-pay bond is 7.75%, the bond-equivalent yield is closest to:
单选题The value of a 5 - year semi-annul zero-coupon bond with a $ 500 maturity value and 9 percent discount rate is closest to:
单选题In recently years, financial innovation and growth in real GDP increase the demand for money. Is this statement correct, respectively? Financial innovation? Growth in real GDP? ①A. No No
②B. No Yes
③C. Yes No
A．① B．② C．③
单选题There are two different options available with ITM Corporation
common stock as the underlying asset. They each have the same maturity date, a
strike price of $40.00, and are identical in all other ways except, one is a
European call, and the other is an American call. ITM stock has a market value
of $43.75. The American call option is selling for $4.90. For the
European call, which of the following option premiums is most likely?
A. $4.90.
B. $5.25.
C. $4.25.
单选题An analyst has gathered the following information about a company: Cost of goods sold equals 65 percent of sales
Inventory of $ 450000
Sales of $ 1 million
What is the value of this firm" s average inventory processing period using a 365-day year?