单选题Jane Acompora is calculating equivalent annualized yields based on the
1.3% holding period yield of a 90 - day loan. The correct ordering of the
equivalent annual money market yield MMY), effective annual yield ( EAY),
and bond equivalent yield (BEY) is:
A. MMY ＜ EAY ＜ BEY.
B. MMY ＜ BEY ＜ EAY.
C. BEY ＜ MMY ＜ EAY.
单选题Which of the following statements about systematic and unsystematic
risk is FALSE?
A. As an investor increases the number of stocks in a portfolio, the
systematic risk will remain constant.
B. Total risk equals market risk plus firm-specific risk.
C. The unsystematic risk for a specific firm is similar to the unsystematic
risk for other firms in the same industry.
单选题In the short run, the impact of an increase in the money supply on the price level and real output will be: Price level Real output ①A. Increase Increase ②B. Increase No change ③C. No change Increase
单选题An analyst does research about capital asset pricing model and gathers the following information about a developing country in which the company is located: Developing country's equity risk premium 3% Company's equity beta 0.6 Company's market yield of long-term debt 6% With respect to the capital asset pricing model, if the market risk premium in the investor's developed country is 10% and the risk-free rate is 3.5%, the cost of equity for this company is closest to: A. 9.2% B. 11.3% C. 16.0%
单选题An analyst does research about exchange trade funds (ETFs). Which of the following statements is least accurate to describe exchange trade funds' characteristics? A. Portfolio holdings of ETFs are transparent. B. ETF's structure prevents a significant premium or discount to NAV. C. Dividends are reinvested annually for open-end ETFs.
单选题An analyst does research about beta and gathers the following information about an asset and the market portfolio: Standard deviation of the market portfolio's return 55% Standard deviation of the asset's return 78% Correlation between returns of the asset and the market portfolio 0.75 The beta of the asset is closest to: A. 0.53 B. 1.06 C. 1.89
单选题Elbie Botha, CFA, an equity research analyst at an investment bank, disagrees with her researchteams buy recommendation for a particular companys rights issue
单选题Which of the following employment measures is most closely related to the level of real GDP?
单选题Jack Smith, CFA, manages the Heaven Foundation Portfolio and does research about yield calculation. Which of the following yields considers an annualized rate of return that accounts for the impact of interest on interest for different frequencies of compounding? A. Holding period yield. B. Effective annual yield. C. Money market yield.
单选题In a strategic asset allocation, assets within a specific asset class are least likely to have:
单选题The settlement price of a deliverable forward contract at 6
percent on a $1 million 90-day Treasury bill would be:
A. $940000.
B. $6000.
C. $985000.
单选题Which of the following statements regarding survivorship bias in hedge funds is TRUE? Survivorship bias tends to:
单选题With respect to the security market line (SML), an increase in the
business risk of the stock-is-suing company would most likely result in which of
the following changes?
A. An upward shift in the SML
B. A downward shift in the SML
C. Movement upward along the SML
单选题If interest rates are expected to decline, an investor can earn a higher coupon interest rate by purchasing a(n):
单选题Abdul Naib, CFA, was recently asked by his employer to submit an updated document providing the history of his employment and qualifications
单选题Which of the following is most likely a sign of a good corporate governance structure?
单选题Which of the following is most likely a benefit of the direct method for reporting cash flow from operating activities? Compared with the indirect method, the direct method:
单选题An investor buys a stock on margin and holds the position for one year.
Shares purchased
700
Purchase price
$22/share
Call money rate
4%
Dividend
$0.60/share
Leverage ratio
1.6
Total return on the investment
12%
Assuming that the interest on the loan and the dividend are both paid at the end of the year, the price at which the investor sold the stock is closest to:
单选题Carolina Ochoa, CFA, is the chief financial officer at Pantagonia Computing
单选题Jorge Lopez, CFA, is responsible for proxy voting on behalf of his banks asset management clients