单选题Project sequencing is best described as: A. prioritizing funds to achieve the maximum value for shareholders, given capital limitations. B. selecting the first project from a set of mutually exclusive projects. C. an investment in a project today that creates the opportunity to invest in other projects in the future.
单选题Which of the following is most likely to cause the short-run aggregate supply shift to the right? A. An increase in nominal wages. B. A decrease in government subsidies. C. Appreciation of domestic currency.
单选题An entry made to record an accrual, such as bad debt expense, that is not yet reflected in the accounting system is best described as a(n):
单选题If investors expect greater uncertainty in the bond markets, yon should see yield spreads between AAA and B rates bonds:
单选题Gabrielle Gabbe, CFA has been accused of professional misconduct by one of her competitors
单选题Which of the following is irrelevant in determining project cash flow for a capital investment?
单选题A commodity market is in contango when futures prices are:
单选题An analyst gathered the following information for a company whose common stock is currently priced at $40 per share:
单选题Aggregate demand is least likely to include:
单选题Which of the following statements concerning taxable bonds is TRUE? A. Corporates have the lowest yields, followed by Treasuries, then by corporates, which provide the highest returns. B. Treasuries have the lowest yields, followed by corporates, then by agencies, which provide the highest returns. C. Treasuries have the lowest yields, followed by agencies, then by corporates, which provide the highest returns.
单选题Nominal gross domestic product (GDP) in 2000 is $3.2 billion, up from $2.6 billion in 1992. The 1992 CPI is 100 and the CPI is 116.3. What is the change in real GDP over the period in percentage terms?
单选题A local bank advertises that it will pay interest at the rate of 4.5 percent, compounded monthly, on regular savings accounts. What is the effective rate of interest that the bank is paying on these accounts?
单选题Which of the following about the breach of Standard Ⅳ (B) Priority of Transactions is correct? A. Members wait to trade until after their firm' s clients have been informed, but before they have had time to act. B. Members for their client's account before the release of material nonpublic information. C. Members trade on their family accounts after the member's clients and employer have had an adequate opportunity to act.
单选题Bob Hatfield, CFA, has his own money management firm with two clients. The accounts of the two clients are equal in value. Hatfield has been trading on the clients' behalf with a single brokerage firm for several years. Because of his many years of business, the brokerage firm occasionally gives Hatfield shares in an initial public offering (IPO) to sell to his clients. Hatfield has a policy of allocating the IPO shares equally between the portfolios of the two clients. This policy is : A. congruent with Standard Ⅲ (C), Suitability. B. a violation of Standard Ⅲ (C), Suitability. C. a violation of Standard Ⅲ (B) , Fair Dealing.
单选题Which of the following is least accurate regarding obstacles to the efficient allocation of resources in a competitive market? A. Taxes and trade restrictions impede the efficient allocation of resources. B. Quotas result in production of less than the efficient quantity of the good. C. Public goods, such as national defense, tend to be overproduced because they can be consumed by everyone whether they pay for the goods or not.
单选题The probability of each of three independent events is shown in the table below. What is the probability of A and C occurring, but not B?
单选题Which of the following statements regarding a sinking fund provision is TRUE? A sinking fund provision: A. requires that the issuer should set aside money based on a predefined schedule to accumulate the cash to retire the bonds at maturity. B. requires that the issuer should retire a portion of the principal through a series of predefined principal payments over the life of the bond. C. must be made through the payment of cash, paid to the trustee based on a predetermined schedule.
单选题Jennifer Ducumon, CFA, is a portfolio manager for high-net-worth individuals at Northeast Investment Bank
单选题The effective annual yield (EAY) for a T-bill maturing in 150 days is 5.04 percent. What are the holding period yield (HPY) and money market yield (MMY) respectively? HPY MMY ①A. 5.25% 2.04%
②B. 1.90% 3.80%
③C. 2.04% 4.90%
A．① B．② C．③
单选题Level I CFA candidate Adeline Bass is a member of an investment club. At the next meeting, she is to recommend whether or not the club should purchase the stocks of CS Industries and MG Consolidated. The risk-free rate is at 6 percent and the expected return on the market is 15 percent. Prior to the meeting, Bass gathers the following information on the two stocks: