单选题The correlation between the historical returns of Stock A and Stock B is 0
单选题Demand for a good is most likely to be more elastic when:
单选题A test of the population variance is equal to a hypothesized value requires the use of a test statistic that is:
单选题Over a given period, the price of a commodity falls by 5
单选题A project has the following cash flows (￡):
Year 0
Year 1
Year 2
Year 3
Year 4
-1,525
215
345
475
1,215
Assuming a discount rate of 11% annually, the discounted payback period (in years) is closest to:
单选题An investor who bought a floating-rate security and wishes to establish a minimum periodic cash flow on his investment could:
单选题Ian O'Sullivan, CFA, is the owner and sole employee of two companies, a public relations firm and a financial research firm. The public relations firm entered into a contract with Mallory Enterprises to provide public relations services. According to the contract, O'Sullivan received 40 000 shares of Mallory stock in payment for his services. Over the next 10 days, the public relations firm issued several press releases that discussed Mallory's excellent growth prospects. O'Sullivan, through his financial research firm, also published a research report recommending Mallory's stock as a "buy". According to the Standards of Practice Handbook, O'Sullivan is required to disclose his ownership of Mallory's stock in the: A. press releases only. B. research report only. C. both the press releases and the research report.
单选题A profit maximizing firm will expand output as long as marginal revenue is:
单选题Which of the following is NOT a service provided by an underwriter in the primary market?
单选题Ananalystdoesresearchaboutvariousbondyields.Ananalyststatedthatcomputingbothabond'scurrentyieldandabond'syieldtorefundingassumesthatallinterimcashflowsfromthebondarereinvestedatthatbond'syieldtomaturity.Istheanalystcorrectwithrespecttointerimcashflowsandcomputingabond's:
单选题Which of the following statements about the maintenance margin requirement is FALSE? A. The purpose of the maintenance margin requirement is to protect the broker in the event of a large stock decline. B. The Federal Reserve sets the maximum maintenance margin. C. Generally the maintenance margin requirement is lower than the initial margin requirement.
单选题What is the present value of a 10 -year, $100 annual annuity due if
interest rates are 0 percent?
A. $ 900.
B. $1100.
C. $1000.
单选题An analyst does research about financial lease. Which of the following lease provisions least likely leads to a finance lease? A. The title to the leased asset is transferred to the leasee at the end of the lease. B. The present value of the minimum lease payments is substantially less than the asset's fair value. C. The lease term is equal to the asset's economic life.
单选题Which of the following statements is least likely an incentive to the lessee for structuring a lease as an operating lease rather than a capital lease? A. Operating leases are advantageous to the lessee' s management when their compensation depends on return on assets or invested capital. B. An operating lease is advantageous when the lessee wants to keep debt off its balance sheet. C. If the lessee is in a higher marginal tax bracket than the lessor, the lease should be structured as an operating lease so that the lessee can take advantage of the depreciation of the leased equipment.
单选题For a company that has sold receivable but retained the credit risk, which of the following statements is least likely to require adjustment by an analyst?
单选题An investor uses the data below and Gordons constant growth dividend discount model to evaluate a companys common stock. To estimate growth, she uses the average value of the:
1) compounded annual growth rate over the period 2006-2011 and
2) sustainable growth rate for the year 2011.
If her required return is 15%, the stocks intrinsic value is closest to:
单选题根据下表所示的频数分布解答问题：
频数分布
区间
频数
-10%≤R＜0%
5
0%≤R＜10%
8
10%≤R＜20%
7
20%≤R＜30%
4
30%≤R≤40%
2
单选题Which of the following is least likely to be considered a stated goal of the International Accounting Standards Board (IASB) ? A. Develop global accounting standards requiring transparency, comparability, and high quality in financial statements. B. Remain neutral in the debate on the use of global accounting standards to avoid appearance of a conflict of interest. C. Account for the needs of emerging markets and small firms when implementing global accounting standards.
单选题Which revenue recognition method is used when the payment is assured
and revenue is earned as costs are incurred?
A. Installment sales method.
B. Completed contract method.
C. Percentage-of-completion method.
单选题An analyst does research about relationship between credit spreads and economic well being. In general, credit spreads on corporate bonds tend to: A. tighten during both economic expansions and economic contractions. B. widen during economic expansions and tighten during economic contractions. C. tighten during economic expansions and widen during economic contractions.