单选题According to CFA Institute Standards of Professional Conduct, members must preserve the confidentiality of information received from a client unless: A. the information pertains to an impending tender offer. B. the client has also provided the information to another member. C. the member is aware of illegal activity by the client.
单选题A stock paid a $3 dividend last year. An investor projects that next year"s dividend will be 20% higher and that the stock will be selling for $60 at the end of the year. The risk-free rate of interest is 6% , the market return is 10% , and the stock"s beta is 1.8. What is the value of the stock?
单选题Loose Truck, Inc. has cash of $100000, accounts receivable of $
500000, and inventory of $ 400000. The firm has accounts payable of $ 200000,
notes payable of $ 300000, and long-term debt of $ 200000. The firm wishes to
increase its current ratio to 2.4. How much would current assets or current
liabilities need to change in order to increase the current ratio to
2.4? Current assets Current
liabilities ①A. + $ 200000 $ 83333
②B. + $200000 + $ 83333 ③C. + $
680000 $ 83333
A. ①
B. ②
C.③
单选题Leavenworth Industries has the following capital structure on December 31, 2008
Book Value
Market Value
Debt outstanding:
$8 million
$10.5 million
Preferred stock outstanding:
$2 million
$1.5 million
Common stock outstanding:
$10 million
$13.7 million
Total capital:
$20 million
$25.7 million What is the firm's target debt and preferred stock portion of the capital structure based on existing capital structure? Debt Preferred Stock ①A. 0.41 0.10 ②B. 0.40 0.06 ③C. 0.41 0.06 A．① B．② C．③
单选题If a reliable estimate of total costs of the contract does NOT exist, which of the following revenue recognition methods should be used?（ ）
单选题A T-bill with a face value of $100000 and 140 days until maturity is selling for $98000. What is the money market yield?
单选题The least appropriate security for investing short-term excess cash
balances would be:
A. bank certificates of deposit.
B. preferred stock.
C. time deposits.
单选题Assuming efficient markets and a lack of access to superior analysts, which of the following is the least important activity in managing portfolios? A. Minimizing total transaction costs. B. Diversifying completely on a global basis. C. Paying close attention to the monetary policy environment.
单选题Amy invests the following amounts at the end of Year l to Year4: Years {{U}}1{{/U}} {{U}}2{{/U}} {{U}}3{{/U}} {{U}}4{{/U}} Amount 1000 1500 2000 2500 ($) If it earns a 20% compounded interest rate, calculate the accumulated amount at the end of Year 4:
单选题It will cost $ 20000 a year for four years when an 8 - year old child is ready for college. How much should be invested today if the child will make the first of four annual withdrawals 10 - years from today? The expected rate of return is 8 percent.
单选题A company purchased equipment in 2010 for ￡25,000
单选题An analyst does research about market efficiency. Which of the followings is most likely used to test the semi-strong form efficient market hypothesis? A. Event studies. B. Serial correlation in security return. C. Trading on nonpublic information.
单选题An analyst does research about price-discount rate relationship. With respect to the price-discount rate relationship, which of the following statements is least accurate? A. The shape of the price-discount rate relationship for an option-free bond is referred as negative convex. B. If the discount rate rises, the price of a putable bond declines by less than the price of an option-free bond. C. If the discount rate falls, the price of acallable bond increases by less than the price of an option-free bond.
单选题Which of the following statements most accurately describes the difference between LIBOR and Euribor?
单选题Consider a stock put option with the following characteristics: Type of option: put option on stock Underlying asset: 100 shares of Compaq Exercise price : $32.50 per share Premium : $4.00 per share Expiration date : November Expiration-day price of Compaq stock were $28.50 per share, which of the following would describe the expiration-day profit/loss for the investors in the Compaq put option?
单选题With respect to long-lived assets, which of the following statements is least accurate? The cost model for long-lived assets: A. must be used under U. S. GAAP. B. must be used for all classes of intangible assets under IFRS. C. may be used for some classes of assets while the revaluation model may be used for other classes under IFRS.
单选题U. S. Treasury securities face several risks to varying degrees. Generally speaking, rank the following risks that an investor in a 5 percent coupon, 25-year, off-the-run U. S. Treasury bond, issued after 1984, would face. Order them from left to right with the least likely risk first through the most likely risk faced by the investor last. 1=liquidity risk. 2=prepayment risk. 3=default risk. 4=interest rate risk.
单选题The following financial information is available at the end of the year.
The diluted EPS (earnings per share) is closest to:
单选题Using Chebyshev's inequality, what is the minimum proportion of observations from a population of 500 that lies within two standard deviations of the mean, regardless of the shape of the distribution?
单选题Assume the reserve requirement is 10 percent. First National Bank has cash (and deposits with the Federal Reserve) of $25 million, loans and securities of $175 million, and demand deposits of $ 200 million. First National is in a position to make additional loans of: