单选题Most empirical studies of technical trading rules have found that past stock price patterns（ ）
单选题What would be the impact on a firm' s return on assets ratio (ROA) of the following independent transactions, assuming ROA is less than one? Transaction 1: A firm owned investment securities that were classified as available-for-sale and there was a recent decrease in the fair value of these securities. Transaction 2: A firm owned investment securities that were classified as available-for-trading and there was recent increase in the fair value of the securities. Transaction 1 Transaction 2 ① Higher Lower ② Higher Higher ③ Lower Higher
单选题One reason that criticism has been leveled at derivatives and derivatives markets is that:
单选题According to the crowding-out effect, which of the following statements is FALSE? The sale of government bonds used to finance excess government spending will: A. raise the real interest rate. B. raise the nominal interest rate. C. increase the profitability of corporate investment projects.
单选题A shop foreman determines that an employee would produce two more units of output ff he worked one additional hour. The product currently sells for $15.00 per unit and the firm is a price taker. Which of the following choices most accurately describes the relationship between the marginal revenue (MR) and marginal revenue product (MRP) from the additional hour of labor input? A. MRP ＞ MR. B. MRP = MR. C. MR ＜ $15 and MRP = MR.
单选题A bond priced at par ($1000) has a modified duration of 8 and a convexity of 50. If interest rates fall 50 basis points, the bond' s price goes to approximately:
单选题The power of the test is:
A. the probability of rejecting a true null hypothesis.
B. equal to the level of significance.
C. the probability of rejecting a false null hypothesis.
单选题In order to comply with Standard Ⅲ (A), Loyalty, Prudence, and Care, an analyst needs to: A. comply with applicable fiduciary duty. B. perform all of the actions listed here. C. liquidate his holdings of all stocks that his client owns.
单选题An investor with $5000 to invest believes that the price of ABC Corp
单选题A dealer in a casino has rolled a five on a single die three times in
a row. What is the probability of her rolling another five on the next roll,
assuming it is a fair die?
A. 0.001.
B. 0.500.
C. 0.167.
单选题Which of the following is the most accurate with regard to the result of banking deregulation that occurred in the U.S. during the 1980s? A. There is a clearer distinction between the functions of commercial banks on the one hand and thrift institutions on the other. B. Different types of depository institutions are now more similar in the products and services that they provide. C. Interest-bearing checkable deposits are no longer a major part of the M1 money supply.
单选题Under the Efficient Market Hypothesis (EMH), the major effort of the portfolio manager should be to: A. minimize systematic risk in the portfolio. B. stay the course by following a strict buy and hold strategy. C. achieve complete diversification of the portfolio.
单选题A firm" s financial statements reflect the following:
Current liabilities
$ 4000000
Cash
$ 400000
Inventory
$ 1200000
Accounts receivable
$ 800000
Short-term investments
$ 2000000
Long-term investments
$ 800000
Accounts payable
$ 2500000
What are the firm"s current ratio, quick ratio, and cash ratio?
Current Ratio Quick Ratio Cash Ratio
①A. 0.8 0.6 1.1
②B. 0.8 1.1 0.6
③C. 1.1 0.8 0.6
单选题A 10% , 10-year bond is sold to yield 8%. One year passes, and interest rates remained unchanged (8%). Holding all other factors constant, the bond's price during this period:
单选题Robinson Company had 1 million shares outstanding at the beginning of the year. On April 1, Robinson issued an additional 300000 shares. On July 1, Robinson issued 200000 more shares. What is Robinson's weighted average number of shares outstanding for the calculation of earnings per share?
单选题An expansionary fiscal policy is most likely associated with:
单选题Which one of the following constitutes the illegal use of material nonpublic information? A. Trading based on your analytical review of the firm's future prospects. B. Trading immediately after attending the firm's annual shareholders' meeting. C. Trading on information your sister, the firm's attorney, told you over dinner.
单选题Which of the following is NOT a problem associated with the internal rate of return (IRR) method for making investment decisions: A. IRR and NPV criteria can give conflicting decisions for mutually exclusive projects. B. if the IRR is above the firm' s cost of capital, the project should be rejected. C. The IRR method assumes cash flows are reinvested at the investment' s internal rate of return.
单选题An analyst obtains statistics on return information for Vay Industries and Ranch Meatpacking as follows:
Based on this information, what is the covariance between the two sets of returns, and what is the correlation coefficient?（ ）
单选题Shigeo Kishiro recently purchased an American put option and Lendon Grey recently wrote an American call option on the same underlying stock, Tackel Sports (currently trading at $40 per share). Kishiro paid $2.75 for an exercise price of $38.00 and Grey received $3.75 for a strike price of $42. Assume that there are no transaction costs to exercise.
At a stock price of $43: