单选题Two basic assumptions of technical analysis are that security prices adjust: A. move in trends that persist for long periods of time, and market prices are determined by the interaction of supply and demand. B. move in trends that persist for long periods of time, and liquidity is provided by securities dealers. C. adjust rapidly to new information, and market prices are determined by the interaction of supply and demand.
单选题Noor Hussein, CFA, runs a financial advisory business, specializing in retirement planning and investments
单选题The monetary policy rule that would most likely result in the greatest increase in the price level after a productivity shock is a: A. fixed rule policy that focuses on file price level. B. fixed-rule policy that focuses on GDP growth. C. feedback-rule policy that focuses on GDP growth.
单选题If two events are mutually exclusive, the probability that they both
will occur at the same time is :
A. 0.50.
B. 1.00.
C. 0.00.
单选题Which of the following is an effect of expansionary monetary policy?
单选题North Shore Excursions faces a downward sloping demand curve, hasthree identifiable customer groups with the same elasticity of demand, and can prevent resale of the product. Can North Shore profit from pricediscrimination and in general, does a firm that engages in pricediscrimination achieve more gains from customers with elastic or with inelastic demand? Can North Shore profit? Higher gain from customers with: ①A. Yes Elastic demand ②B. Yes Inelastic demand ③C. No Inelastic demand
单选题Which of the following possible portfolios is least likely to lie on the efficient frontier?
单选题A change in the natural rate of unemployment will most likely shift:
单选题Consider a stock selling for $ 23 that is expected to increase in price to $ 27 by the end of the year and pay a $ 0.50 dividend. If the risk-free rate is 4 percent, the expected return on the market is 8.5 percent, and the stock's beta is 1.9, what is the current valuation of the stock? The stock:
单选题Which of the following would be most likely to have gains from an unexpected increase in the inflation rate? A. Holders of floating rate debt securities. B. The owner of a shopping mall. C. A home owner with a fixed-rate mortgage.
单选题For a stock, which of the following is NOT a random variable?
单选题Once an investor chooses a particular course of action, the value forgone from alternative actions is best described as a(n):
单选题If a CFA Institute member knows that a fellow employee has violated a law, according to Standard Ⅰ (A) the member must NOT do which of the following? A. Report the employee violating the law to the appropriate supervisor in the firm. B. Report the employee violating the law to the SEC. C. Disassociate from the employee violating the law.
单选题Charlie, a CFA candidate, got a copy of a computerized stock selection model designed by a former MBA classmate who is a Wall Street analyst. After spending some time reviewing the program and making a few minor adjustments Charlie showed her new model to her supervisor. Her supervisor said she did a great job and told Charlie to incorporate net new model in her next industry review, which she did. Charlie has: A. violated Standard Ⅲ (E) Preservation of Confidentiality. B. violated Standard Ⅰ (C) Misrepresentation. C. violated Standard Ⅱ (A) Material Nonpublic Information.
单选题A financial analyst and CFA Institute member sends a preliminary research report on a company to his supervisor. The supervisor approves the report, but then the analyst receives news that causes him to revise downward the earnings estimate of the company. The analyst resubmits the report to the supervisor with the new earnings estimate. The analyst soon finds out that the supervisor plans to release the first version of the report with the first earnings estimate without a reasonable and adequate basis. In response to this the analyst must: A. only insist that the first report be followed up by a revision. B. only take the issue up with regulatory authorities. C. insist that the supervisor change the earnings forecast or remove his (the analyst's) name from the report.
单选题Given the following table about employees of a company based on whether they are smokers or nonsmokers and whether or not they suffer from any allergies, what is the probability of being either a nonsmoker or not suffering from allergies?
单选题A random variable with a finite number of equity likely outcomes is best described by a:
单选题Which measure of the labor market includes "discouraged workers"?
A. Labor force.
B. Number of unemployed.
C. Working-age population.
单选题Which of the following statements about securities exchanges is TRUE?
A. Continuous markets are markets where trades occur 24 hours per day.
B. Call markets are markets in which the stock is only traded at specific
times.
C. Setting a negotiated price to clear the market is a method that is never
used in major continuous markets.
单选题Which of the following is a priori probability?
A. On a random draw, the probability of choosing a stock of a particular
industry from the S＆P 500.
B. A politician's opinion concerning a recession prior to an election.
C. For a stock, based on prior patterns of up and down days, the probability
of the stock having a down day tomorrow.