单选题Bill Jones is creating a charitable trust to provide six annual payments of $ 20000 each, beginning next year. How much must Jones set aside now at 10 percent interest compounded annually to meet the required disbursements?
单选题Over a four-year period, a portfolio has returns of 10%, 2%, 18%, and 12%
单选题Ashlyn Lutz makes the following statements to her supervisor, Paul Ulring, regarding the basic principles of capital budgeting: Statement 1: The timing of expected cash flows is crucial for determining the profitability of a capital budgeting project. Statement 2: Capital budgeting decisions should be based on the after-tax net income produced by the capital project. Which of the following regarding Lutz's statements is most accurate? Statement 1 Statement 2 A. Correct Correct
B. Incorrect Correct
C. Correct Incorrect
单选题A. central bank bases its long-run strategy for achieving price stability on targeting the growth rate of the money supply to equal the difference between the 10-year average growth rate of real GDP and the 4-yearaverage growth rate in the velocity of money. The bank also attempts to reduce the magnitude of business cycles. When the bank's governing board perceives a significant difference between actual real GDP and full-employment real GDP, they adjust the money supply in the countercyclical direction: Which type of monetary policy is the Central bank following?
单选题The following data is available on a company for the current year:
Metric
￡，000
Comprehensive income
246,000
Dividends paid
60,000
Ending retained earnings
821,000
Opening retained earnings
580,000
The company will most likely report other comprehensive income (OCI) (in ￡000) as a:
单选题With other variables remaining constant, if profit margin rises, ROE will:
单选题How does the convexity of a bond influence the yield on the bond? All else the same, for a bond with high convexity investors will require: A. a higher yield. B. a lower yield. C. the same yield as for a low convexity bond.
单选题Which of the following is least likely to be considered an off balance sheet debt?
单选题Assuming past investments are stable and earnings are calculated to allow for maintenance of past earnings power, the firm's expected dividend growth rate can be estimated by its:
单选题Tom Wayne, CFA, is the portfolio manager of the Franklin City Employees Pension Plan in Thompson Investments. He recently completed thorough research about a chemical company and decided that the company's stock is significantly overvalued. Wayne places a large sell order for the company's thinly traded stock. Thompson Investments' trading desk takes a whole week to process the order, pulling the stock price to a 26-week low and the trading volume to four times the historic average. Has Wayne most likely violated the Standards of Professional Conduct? A. No. B. Yes, because he distorted the price-setting mechanism of financial instruments. C. Yes, because heartificially affected the trading volume significantly.
单选题Which of the following is NOT an assumption of the binomial
distribution?
A. The trials are independent.
B. Random variable X is discrete.
C. The expected value is a whole number.
单选题An analyst is investigating one stock with high after-tax return above the benchmark and is concerned about his perceptions of slowdown in the macroeconomic next year. So he adjusts the historical probability of the stock's return above the benchmark. The analyst is best characterized as gaining a(n):
单选题Which of the following best describes the motivation for a corporation to issue an asset-backed security? Securitization of specific assets by a corporation enables the corporation to: A. avoid negative covenants of bond indentures. B. get a credit rating on the ABS that will result in a lower cost of borrowing. C. use the assets as collateral for additional borrowing.
单选题Which of the following actions was least likely a warning sign of potential earnings manipulation disclosed in Sunbeam's financial statement footnotes? A. Significant use of barter transactions. B. Receivables were increasing, but bad debt expense was decreasing. C. A record level of earnings, yet operating cash flow was negative.
单选题The category of items on the balance sheet that typically offers an analyst the best inlbrmation on a non-financial firm' s investing activities is:
单选题At the equilibrium levels of output and price in a competitive industry without taxes: A. consumer surplus is maximized. B. producer surplus is maximized. C. the sum of producer and consumer surplus is maximized.
单选题Which of the following statements about cash received prior to the recognition of revenue in the financial statements is most accurate? The cash is recorded as（ ）
单选题Which of the following statements is most accurate regarding monetarists? Monetarists believe that:
单选题The relative yield spread between a corporate bond yielding 5.95% and an onthe-run Treasury security yielding 5.21% is closest to: A. 0.74% B. 12.44% C. 14.20%
单选题According to a technician, stock prices tend to move: