单选题Which of the following statements regarding biases in hedge fund performance in hedge fund databases is least likely correct?
单选题When yield volatility increases, the values of a putable and a callable bond will: Callable bond Putable bond ①A. Increase Increase
②B. Decrease Decrease
③C. Decrease Increase
A．① B．② C．③
单选题The party making the fixed-rate payment under a swap contract could also have to make the variable payment on the contract if the payments are related to a (n):
单选题New disposal fees for toxic chemicals used in producing plastic house
plants have increased production costs by $ 0.28 per plant for all manufacturers
in the industry. The most likely effects on the industry supply curve and total
producers' surplus in the market for plastic house plants are:
Industry supply Producers' surplus
①A. shifts left increases
②B. shifts left decreases
③C. shifts right decreases
A. ①
B. ②
C. ③
单选题National Scooter Company and Continental Chopper Company are motorcycle manufacturing companies. National" s target market includes consumers that are switching to motorcycles because of the high cost of operating automobiles and they compete on price with other manufacturers. The average age of National" s customers is 24 years.
Continental manufactures premium motorcycles and aftermarket accessories and competes on the basis of quality and innovative design. Continental is in the third year of a five-year project to develop a customized hybrid motorcycle. Which of the two firms would most likely report higher gross profit margin, and which firm would most likely report higher operating expense stated as a percentage of total cost?
Higher gross profit margin Higher percentage operating expense
①A. Continental National
②B. National Continental
③C. Continental Continental
单选题Which of the following might be an undesirable trait of a member of the board of directors? A. Experience with the technologies, products, and services the firm offers. B. Positive public statements regarding an individual's ethical viewpoints. C. Service on the board for more than 10 years.
单选题What is the NOI for an office building, calculated with the following information:
●gross rental income $35000
●estimated vacancy and losses 6%
●taxes and insurance $7500
●utilities and maintenance $9200
单选题At a recent conference, Joe DiSanto and Michael Depasquale were discussing a recent Federal Reserve policy shift that led to an increase in banks' excess reserves. They each offered an explanation as to why this would cause an increase in bank loans and investments: DiSanto: "Banks are required by law to expand the number of loans they originate when the Fed creates excess reserves. " Depasquale: "It is risky to hold excess reserves, whereas loans and investments are less risky. " Are DiSanto and Depasquale's statements correct? DiSanto Depasquale ①A. Incorrect Incorrect ②B. Correct Incorrect ③C. Incorrect Correct
单选题Arbitrage prevents:
单选题Which of the following combinations of options and underlying investments have similarly shaped profit/loss diagrams?
单选题The most likely impact of adding commodities to a portfolio of equities and bonds is to:
单选题If the admission price for a rock concert is raised from $25 to $30, causing ticket sales to drop from 60000 to 40000, the price elasticity of demand for tickets is:
单选题A company acquires some new depreciable assets. Which of the following combinations of estimated salvage value and useful life will mostly likely produce the highest net profit margin?
单选题As compared with acting independently, a group of" oligopolistic companies operating with perfect cooperation will most likely experience:
单选题Ward is a junior research analyst with JPS, a brokerage and
investment-banking firm. JPS's mergers and acquisitions department has
represented the Danier Company in all of its acquisitions for the past 20 years.
Two of JPS's senior officers are directors of various Danier subsides. Ward has
been asked to write a research report on Danier. What is the best course of
action for him to follow?
A. Ward may write the report if she discloses the special relationships with
the company in the report.
B. Ward may write the report but must refrain from expressing any opinions
because of the special relationships between the two companies.
C. Ward should not write the report because the two JPS officers are
constructive insiders.
单选题In calculating the numerator for diluted Earnings Per Share, the dividends on convertible preferred stock are: A. subtracted from earnings available to common shareholders without an adjustment for taxes. B. added to earnings available to common shareholders with an adjustment for taxes. C. added to earnings available to common shareholders without an adjustment for taxes.
单选题Which of the following describes the regulatory practice of setting
prices at a level where the monopoly firm's average total cost curve intersects
the demand curve?
A. Average cost pricing.
B. Marginal cost pricing.
C. Cost-of-service pricing.
单选题Which of the following approaches in measuring interest rate risk is
most accurate when properly performed?
A. Duration/convexity approach.
B. Full Valuation approach.
C. Duration approach.
单选题Molly Burnett, CFA, is a portfolio manager for a fund that only invests in environmentally friendly companies
单选题An analyst does research about equity valuation and gathers the following information about a company and the economy. The current share price is $45, the price-to-earnings ratio is 15, the nominal risk-free rate is 3.1%, the risk premium is 7%, and the expected retention ratio is 40%. The best estimate of the company's dividend growth rate is: A. 6.1% B. 7.4% C. 14.1%