单选题An analyst does research about fund of funds (FOF). A drawbacks of fund of funds investing is most lilcely related to: A. enable investors to access to high-quality hedge funds. B. charge additional management fees. C. diversify investor's holdings with large capital.
单选题A nursery sells trees of different types and heights. Suppose that 75
pine trees are sold for planting at City Hall. These 75 trees average 60 inches
in height with a standard deviation of 16 inches. Using this information,
construct a 95 percent confidence interval for the mean height of all trees in
the nursery:
A. 60±1.96(16).
B. 0.8±1.96(16).
C. 60±1.96(1.85).
单选题When considering the impact of warrants on earnings per share, the method to calculate the number of shares added to the denominator is derived using which method?
单选题An investor wants to determine the intrinsic value of the common stock for a company with the following characteristics:
The firm maintains a constant dividend payout ratio
Goodwill and patents account for 40% of the firms assets
The firms revenues and earnings are highly correlated with the business cycle
Further, the investor focuses on the firms capacity to pay dividends rather than expected dividends
单选题Jiro Sato, CFA, deputy treasurer for May College, manages the Student Scholarship Trust
单选题Implementing monetary policy in such a way as to keep the forecast rate of inflation at a certain level is best described as a (n):
单选题The following information is available on a company for the current year.
The companys diluted EPS is closest to:
单选题Which of the following statements about the elasticity of demand is
least accurate?
A. The most important determinant of price elasticity of demand is the
availability of substitutes.
B. Prices are more elastic in the long run than in the short run.
C. When demand is inelastic, an increase in price will cause a decrease in
the total expenditure on a good.
单选题Which of the following would be counted as structural unemployment?
A. Due to the negative growth of GDP, Smith was laid off.
B. Although there were jobs available, Jason was unable to find an employer
with a satisfactory opening.
C. When the plant was modernized, Derrick lost his job because he did not
have the skill needed to operate the new equipment.
单选题As the number of compounding periods increases, what is the effect on the annual percentage rate (APR) and the effective annual rate (EAR)?
单选题Yip Wai Yin, a CFA Candidate, is an independent mutual fund sales agent
单选题According to the quantity theory of money, which one of the following
economic variables would change in response to an increase ha the supply of
money?
A. Price level.
B. Real income.
C. Velocity.
单选题An internally efficient security market is most accurately characterized as a market in which（ ）
单选题In the audit report, an additional paragraph that explains an exception to an accounting standard is best described as a(n):
单选题Uniter Enterprises wants to repurchase some outstanding shares. Which of the following methods gives them the maximum flexibility and most likely helps to support the price of the shares? A. Buying shares back in the open market. B. Buying back a fixed number of shares at a fixed price. C. Announcing a tender offer for the desired number of shares.
单选题In the policy statement for a young person, which of the following characterizations might be most appropriate?
单选题An analyst gathered the following information about an industry. The industry beta is 0.9. The industry profit margin is 8%, the total asset turnover ratio is 1.5, and the leverage multiplier is 2. The dividend payout ratio of the industry is 50%. The risk-free rate is 7% and the expected market return is 15%. The industry P/E is closest to: A. 12.00. B. 14.20. C. 22.73.
单选题The risk-free rate is 5% and the expected market return is 15%. A portfolio manager is projecting a return of 20% on a portfolio with a beta of 1.5. After adjusting for risk, this portfolio's return will:
单选题An analyst does research about investment return. If an investment earns 0.9% per month, the number of months it will take for the investment to triple in value is closest to: A. 13 B. 77 C. 123
单选题A plain vanilla interest rate swap is a contract where one party pays a: