单选题The following information is available on a company for the current year.
The companys diluted EPS is closestto:
单选题Given that the information on the three bonds below is at issuance, which of the following choices correctly identifies the bonds as premium, par, and discount.
Bond
Market Rate
Coupon Rate
1
8.00%
7.00%
2
7.25%
7.50%
3
6.75%
6.75% Bond1 Bond2 Bond3 A. premium par discount B. discount premium par C. par premium discount
单选题During 2007, Big 4 Company" s warehouse was totally destroyed by a tornado. Tornados are very rare in the region where Big 4 is located. The book value of the warehouse at the time of the tornado was 10 million and Big 4 is self-insured. In addition, on June 30, 2007, Big 4 acquired one of its major suppliers. The fair value of the net assets acquired by Big 4 was greater than the purchase price. According to International Financial Reporting Standards, should Big 4 recognize an extraordinary item for tornado damage and should Big 4 recognize negative goodwill on its balance sheet due to the acquisition?
Extraordinary loss Negative goodwill
①A. No Yes
②B. Yes No
③C. No No
单选题A distribution of returns that has a greater percentage of small deviations from the mean and a greater percentage of large deviations from the mean compared to a normal distribution:
单选题According to the Standards of Practice Handbook, a member with-supervisory responsibilities violates the CFA Institute Standards of Professional Conduct if the member fails to: A. prevent violations of the law. B. prevent violations of the CFA Code and Standards. C. establish and implement written compliance procedures.
单选题Which of the following is least likely to describe a cross-sectional data set? A. An index's quarterly returns in 2011. B. The annual sales growth of companies in mining industry in 2011. C. Price-to-earnings ratios of publicly traded companies at the end of 2011.
单选题Are the following statements about balance sheet fro-mats correct or incorrect? Statement 1: The presentation formats of balance sheets vary from company to company. Statement 2: A classified balance sheet cannot follow an account format. Statement 1 Statement 2 ①A. Correct Correct
②B. Incorrect Incorrect
③C. Correct Incorrect
A．① B．② C．③
单选题Which of the following statements about technical analysts is CORRECT? A. When margin balances in brokerages accounts increase, contrary-opinion technicians are bearish. B. When the yield spread on high-quality versus lower-quality bonds narrows, the confidence index decreases and smart-money technicians become bullish. C. When investors' credit balances are falling, contrary-opinion technicians are bearish.
单选题A company will experience a 30% growth rate over the next four years
and pay no dividends over that time period. Growth will then fall to 5%, at
which time the company will institute a 30% payout ratio. If the expected
dividend in year 5 is projected to be $3 per share and the required return is
12%, what is the firm's intrinsic value today?
A. $25.4
B. $27.3
C. $33.5
单选题A test of the population variance is equal to a hypothesized value
requires the use of a test statistic that is:
A. t - distributed.
B. z - distributed.
C. Chi- squared distributed.
单选题To reduce the cost of long-term borrowing, a corporation with a below average credit rating could:
单选题Christina Ng, a Level I CFA candidate, defaulted on a bank loan she obtained to pay for her masters degree tuition when her wedding cost more than expected
单选题The marginal revenue product is best defined as the:
单选题A firm will employ physical capital up to the level where the present
value of the marginal revenue product of capital is equal to the:
A. wage rate.
B. firm's cost of capital.
C. marginal revenue product of labor.
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?
单选题Assume that nominal gross domestic product (GDP) is $10 trillion and the money supply is $ 5 trillion. What is the velocity of money?
单选题If accurately calculated, will the amount of accounting profit for a firm generally:
be below that firm's economic consider both that firm's
profit for the same time period? explicit and implicit costs?
①A. No No
②B. No Yes
③C. Yes No
A. ① B. ②C. ③
单选题All of the following are benefits of derivatives markets EXCEPT: A. transactions costs are usually smaller in derivatives markets, than for similar trades in the underlying asset. B. derivatives markets help keep interest rates down and supply valuable price information. C. derivatives allow the shifting of risk to those who can most efficiently bear it.
单选题On a particular day the Wall Street Journal reports that the 91-day
on-the-run U. S. Treasury bill is yielding 6 percent and the 30-year on-the-run
U. S. Treasury bond is yielding 8 percent. In the market, default risk premiums
average 2 percent, maturity risk premiums average 2 percent and liquidity risk
premiums average 1 percent. If expected inflation is 3 percent, the real risk
free rate of interest is:
A. -2%.
B. 0%.
C. 3%.
单选题At a recent conference "The Fed -Where is it Going?", Jason Alexdrovitch was discussing the policy tools that the U.S. central bank uses to control the money supply. During the conference he made the following statements: Statement 1: If the Fed wanted to use all of its three major monetary policy tools to increase the money supply, the Fed would sell bonds, reduce the discount rate and increase bank reserve requirements. Statement 2: If commercial banks are increasing their borrowings from the Federal Reserve banks, while the Fed is selling government securities, the borrowing of the commercial banks from the Fed will offset the effects of open market operations. Are Statement 1 and Statement 2 as made by Alexdrovitch correct? Statement 1 Statement 2 ①A. Incorrect Incorrect ②B. Incorrect Correct ③C. Correct Incorrect