单选题An option sold for $10 is currently in-the-money $5. If the underlying is priced at $80, which of the following best describes that option? A. Put option with an exercise price of $85. B. Put option with an exercise price of $70. C. Call option with an exercise price of $75.
单选题At a recent staff meeting of Economic Advisers Inc. , a think-tank located in Washington, DC, Mitchell Jung made the following statements regarding the main economic functions of depository institutions.
Statement 1: One of the main economic functions of depository institutions is to act as financial intermediaries. By doing so, they lower the borrowers' cost of funds from what it would otherwise be if borrowers had to seek out individuals willing to lend.
Statement 2: Depository institutions create liquidity by using loans they take in to have funds available to pay interest on short-term deposits.
Are Statement 1 and Statement 2 as made by Jung correct?
Statement 1 Statement 2
①A. Incorrect Incorrect
②B. Correct Incorrect
③C. Incorrect Correct
A. ① B. ②C. ③
单选题When preparing cash flow statements using the direct method and the indirect method, an increase in accrued liabilities for rent during the year would result in what adjustment to "rent expense" recorded on the income statement? Direct method Indirect method ①A. Increase Decrease ②B. Decrease Decrease ③C. Decrease Increase
单选题Which of the following is best described as the decision to deliberately deviate from the policy exposures to system risk factors with the intent to add value based on forecasts of the near-term returns of those asset classes? A. Risk budgeting. B. Security selection. C. Tactical asset allocation.
单选题The financial systems that are operationally efficient are most likely characterized by:
单选题A decrease in the risk-free rate of interest will:
单选题Which of the following measures of interest rate risk is most appropriate for bonds with prepayment option? A. Effective duration. B. Modified duration. C. Macaulay duration.
单选题Ananalystdoesresearchaboutcurrencyswapandgathersthefollowinginformationaboutadollar-eurocurrencyswapinwhichbothpartiespayafixedrate:Ifbothpaymentsarequarterlyandmadeonthebasisof30dayspermonthand365daysperyear,thefinalamountexchangedattheendoftheswapareclosestto:A.$90millionand70million.B.$91.15millionand71.10million.C.$91.42millionand70.89million.
单选题某项投资在未来的回报率及其发生的概率
回报率(%)
-25
15
40
概率
0.35
0.25
0.40
试根据上述信息解答问题。
单选题Country X requires firms to present performance information using only realized returns, while the GIPS standards require calculations to be based on both realized and unrealized returns. A firm located in country X（ ）
单选题A 20-year $1,000 fixed-rate non-callable bond with 8% annual coupons currently sells for $1,105
单选题Investors in alternative assets who seek liquidity are most likely to invest in:
单选题Based on CFA Institute Standards of Professional Conduct, which of the following statements is a violation of Standard Ⅰ (C), Misrepresentation? A. A young trainee bond trader tells a prospective client that she can assist the client in all the client's investment needs: equity, fixed income, and derivatives and based on her years of experience as an analyst in the business that an investment looks like it has lots of potential. B. A trust officer recommends lengthening the average maturity of a bond portfolio because she believes long-term interest rates will decline over the next few months. C. An investment manager recommends to a prospective client an investment in GNMA bonds because they are guaranteed by the federal government.
单选题Which of the following items is least likely to be included in the monetary base?
单选题The value of an interest-rate call option at expiration is zero or the: A. present value of, the market rate minus the exercise rate, adjusted for the period of the rate, times the principal amount. B. market rate minus the exercise rate, adjusted for the period of the rate, times the principal amount. C. present value of, the exercise rate minus the market rate, adjusted for the period of the rate, times the principal amount.
单选题Business risk most likely incorporates operating risk and:
单选题Which of the following situations will most likely require a company to record a valuation allowance on its balance sheet? A. To report depreciation, a firm uses the double-declining balance method for tax purposes and the straight-line method for financial reporting purposes. B. A firm with deferred tax assets expects an increase in the tax rate. C. A firm is unlikely to have future taxable income that would enable it to take advantage of deferred tax assets.
单选题An investor purchases 100 shares of stock at a price of $40 per share
单选题Which of the following is least accurate regarding the relationship between price (P) , marginal revenue (MR) , average total cost (ATC), and marginal cost (MC) at the profit maximizing output under monopoly?
单选题The issuance of asset backed securities (ABSs) versus straight debt would be desirable if: