单选题The term structure theory that rests on the interaction of supply and demand forces in the debt market is the:
单选题Are the following two statements about fiscal policy correct? Statement 1: The crowding out effect reduces the multiplier effect of expansionary fiscal policy but does not affect economic growth. Statement 2: A generational imbalance exists if the present value of government benefits to the current generation is not fully paid for by taxes on the current generation. Statement 1 Statement 2 ①A. Correct Correct ②B. Correct Incorrect ③C. Incorrect Correct
单选题According to the Standards of Professional Conduct relating to record retention, if local regulatory guidance is in place and requires at least 5 years of maintenances, CFA members should keep records for at least: A. 5 years. B. 7 years. C. 10 years.
单选题Generally speaking, the factor that best explains a portfolio"s level of return and variation in return over time can be explained by:
单选题Assume the following corporate yield curve. One-year rate: 5.00 percent Two-year rate: 6. 00 percent Three-year rate: 7. 00 percent If a 3-year annual-pay corporate bond has a coupon of 6 percent, its yield to maturity is closest to:
单选题An analyst does research about an forward rate agreement (FRA). FRA 3×12 means the maturity is: A. 3 month and is based on a 6-month underlying rate. B. 3 month and is based on a 9-month underlying rate. C. 9 month and is based on a 3-month underlying rate.
单选题While assessing an investor"s risk tolerance, a financial adviser is least likely to ask which of the following questions?
单选题The least likely way to terminate a swap agreement prior to expiration is to:
单选题Assume you purchased 1500 shares of a stock on margin at $34 per share.
The initial margin rate is 40%, and the minimum maintenance margin is 25%.
Assume no dividends, commissions, or margin interest. Below what stock price
would you receive a margin call?
A. $18.13.
B. $27.20.
C. $30.31.
单选题A company reports that to maintain good relations with its suppliers, it has entered into a financing arrangement with a bank whereby it will periodically have the bank pay its suppliers the amounts owed and it will then repay the bank in the following period
单选题Consider a $100 par value bond, with an 8% coupon paid annually, maturing in 20 years
单选题Which of the following statements about the taxation of separate trading of registered interest and principal of securities (STRIPS) is FALSE? A. Implicit interest taxation is a paramount issue for pension plans. B. A 10 -year Treasury note has 20 coupons and 1 principal payment. C. The STRIPS program began in 1985.
单选题What is the effective annual rate if the stated rate is 12 percent compounded quarterly?（ ）
单选题Which of the following statements about the characteristics of a monopoly and those of an oligopoly is least accurate? A. In an oligopoly, there are often substantial economies of scale. B. In both a monopoly and an oligopoly, there are high entry barriers into the market. C. In an oligopoly, the decisions of each seller are independent of the policies followed by competitors.
单选题Which of the following is least likelyto be considered a feature that is common to both monopolistic competition and perfect competition?（ ）
单选题If an analyst want to take into consideration most of the differences among companies with respect to quality of earnings, he can use: A. Price to earnings ratios but not price to cash flow ratios. B. price to cash flow ratios but not price to earnings ratios. C. Either price to cash flow ratios or price to earnings ratios.
单选题The Laffer curve indicates that:
单选题The most likely long-term effect of an increase in the money supply when economy is at full-employment GDP is:
单选题Which of the following is least likely to be one of the assumptions that underlie an efficient capital market?
单选题Capital provided for companies beginning operation but before commercial manufacturing and sales have occurred best describes which stage in venture capital investing?