单选题 Use the following data for Questions Cash payments to supppliers (114000) Purchase of equipment (68000) Cash payment of dividends (72000) Purchase of land (64000) Cash payment for salary (106000) Sale of fixed assets 60000 Repurchase of common stock (28000) Cash collections from customers 200000 Cash payments of interest (8000)

单选题Which of the following capital budgeting techniques is most directly related to stock price?

单选题Don Weaver purchased a call option on Dominic InC. with an exercise price of $20. Weaver paid $3.50 for the option, which is an American option that expires in 90 days. Dominic does not pay any dividend, and the stock is currently trading at $22 per share. The moneyness and intrinsic value of this option could be best described as: Moneyness Intrinsic Value ①A. in-the-money $1.50 ②B. in-the-money $2.00 ③C. out-of-the-money $1.50 A. ① B. ② C. ③

单选题RivoliCapitalManagementCompanywantstoclaimcompliancewithGlobalInvestmentPerformanceStandards(),whichofthefollowingstatementsismostaccurate?A.Rivoli'sinputdatashouldbeconsistentinordertoestablishfull,fairandcomparableinvestmentperformancepresentations.B.Rivolimusthaveanindependentthirdpartyverificationreportfortheentirefirm.C.Rivolimustperformperiodicinternalcompliancechecksatleastannually.

单选题The annual Fixed Income Analysts' Forum had just ended and two attendees, James Purcell and Frederick Hanes, were discussing some of the comments made by the panelists. Purcell and Hanes were specifically concerned with the following two statements that were made: Panelist 1: Mortgage-backed securities and asset-backed securities are both fixed income securities that are backed by pools of loans and are said to be amortizing securities. For many of the loans, no principal payments are required to be made prior to the maturity date. These securities are said to have a bullet maturity structure. Panelist 2: If coupon Treasury bonds or corporate bonds are issued with the terms specifying that the principal be repaid over time at the option of the issuer, then these bonds are putable bonds; if the principal is to be repaid over time at the option of the bondholder, then the bonds are termed callable bonds. Are the statements made by Panelist 1 and Panelist 2 correct? Panelist 1 Panelist 2 ①A. Correct Correct ②B. Correct Incorrect ③C. Incorrect Incorrect

单选题Consider a U

单选题Under a price ceiling, bribery is a mechanism to（ ）

单选题An analyst does research about tax-exempt bonds. An investor with 28% marginal tax rate purchase a tax-exempt bond yielding 3.5%. The investor's taxequivalent yield is closest to: A. 2.52% B. 4.86% C. 12.50%

单选题Theaggregatedemandandsupplyfunctionsforthelocalmarketforpizza,alongwithsomerelevantdata,isprovidedinthefollowingtable.Thenumberofunitsofexcessdemandforpizzaisclosestto:

单选题An analyst does research about common stock valuation and gathers the following annual information about a company: ·Return on assets is 4.5% ·Financial leverage (total assets/equity) is 2.0 ·Dividends per share paid during 2011 is $4.20 ·Earnings per share for 2011 is $7.00 ·Required rate of return on the company's common stock is 12% If the 2012 growth rate is expected to remain constant, the value of a share of the company's common stock is closest to: A. $50.0 B. $51.8 C. $52.7

单选题Based on the following information, calculate the basic earnings per share. Income after tax: $180000 50000 common stock of $ 5 par: $ 250000 10000, 8% preference share of $ 5 par: $ 50000

单选题An analyst determined that approximately 99 percent of the observations of daily sales for a company were within the interval from $230000 to $480000 and that daily sales for the company were normally distributed. The standard deviation of daily sales for the company was closest to:

单选题 John Williams wants to purchase an apartment complex. The complex consists of 75 units each renting for $700 per month. The estimated vacancy and collection loss rate is 7 percent. The insurance for the building is $40000 annually and taxes are $22000 annually. Utilities are $18000 and the maintenance expense is $29000. Assume a market cap rate of 11 percent. Recent sales of nearby apartment complexes have resulted in the following information. {{U}}Characteristics{{/U}} {{U}}Units{{/U}} {{U}}Slope Coefficient in $per Unit{{/U}} Proximity to downtown In miles -350000 Vacancy rate Percentage - 50000 Building size Units + 75000 Williams' proposed apartment complex is 4 miles away from downtown and has an estimated vacancy rate of 6 percent.

单选题Thedatafortwostocksinanindexareasfollows:Assumingthebeginningvalueofthefloat-adjustedmarket-capitalization-weightedequityindexis100,theendingvalueisclosestto:

单选题An analyst does research about capitalbudgeting. Which of the following capital investment categories is least likely associated with the greatest decision-making uncertainty? A. Replacement projects. B. Expansion projects. C. New products or markets projects.

单选题An analyst is evaluating the two bonds below: bond A bond B coupon maturity callable price yield 6.90% Oct. 29, 2019 no $102.17 6.6% 8.25% Nov. 4, 2019 no $102.39 7.9% Compared with bond A, bond B most likely will have: A. less interest rate risk and more reinvestment risk. B. less reinvestment risk and more interest rate risk. C. more interest rate risk and more reinvestment risk.

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Consider a U. S. commercial bank that takes in one-year certificates of deposit(CDs) in its Japan branch, denominated in Japanese yen, to fund three-year, fixed-rate loans the bank is making in the U. S. denominated in U. S. dollars. Why would this bank wish to enter into a currency swap? The bank faces the risk that the Japanese yen: A. increases in value against the U. S. dollar and the risk that interest rates decrease in Japan. B. decreases in value against the U. S. dollar and the risk that interest rates increase in Japan. C. increases in value against the U. S. dollar and the risk that interest rates increase in Japan.

单选题In securing the shares for all accounts under her management, Linda Kammel of Northwest Futures purchased three blocks of shares at three different prices. She then allocated these shares by placing shares from the first block in accounts with surnames beginning with A-G. The second was allocated over accounts H-P, and the third over Q-Z. This action is: A. not permissible under the Code and Standards. B. consistent with her responsibilities under the Code and Standards. C. permissible so long as the commissions per share are the same across all accounts.

单选题If a $1000 bond has a 14 percent coupon rate and a current market price of 950, what is the current market yield?