更多"An analyst does research about opti"的相关试题:
[单项选择]An analyst does research about valuation of bond. An option-free 6 percent coupon bond has an annual discount rate of 5 percent, pays interest semiannually, matures in five years, and is valued at $1043.76. One year later, the annual discount rate for that bond is 4.5 percent and the bond is valued at $1054.35. The change in value for this bond that is attributable only to the change of discount rate is closest to:（）
A. -$7.91
B. $7.91
C. $18.5
[单项选择]An analyst does research about a bond's indenture. Which of the following is an example of a affirmative covenant（）
A. Limit additional borrowings unless certainfinancial conditions are met.
B. Prohibit the same assets back several debt issues simultaneously.
C. Maintain of current ratio above 2.5.
[单项选择]An analyst does research about bond price and gathers the following information about a callable bond:
| Par value | $1000000 |
| Current market value | $923686 |
| Effective duration | 3.5 |
| Modified duration | 3.1 |
If yields are expected to increase by 125 basis points, the expected price change for the bond is closest to:（）
A. -$35793
B. -$40411
C. -$4,3750
[单项选择]An analyst does research about bond evaluation. Each of the option-free bonds listed below has a par value of $1000:
| Bond 1 | Bond 2 |
| Time to maturity | 12 years | 11 years |
| Annual coupon rate | 6.0% | 8.0% |
| Discount rate today | 7.5% | 7.5% |
Which of the following statements about the two bonds is most accurate If the discount rate for each of the bonds remains at 7.5 percent for ten years, the passage of time will result in an increase in value for:
A. Bond 1 only.
B. Bond 2 only.
C. both Bond 1 and Bond 2.
[单项选择]An analyst does research about bond yield and gathers the following information about the call structure for a 7 percent coupon bond that pays interest semiannually and matures in ten years:
·not callable for the next 5 years
·first callable at beginning of year 6 (end of the fifth year) at $102
·first par call date at beginning of year 8 (end of the seventh year) at $100 If the bond is correctly priced at $102.75, the bond's yield to first call is closest to:（）
A. 3.34%
B. 6.35%
C. 6.68%
[单项选择]An analyst does research aboutthe capital asset pricing model (CAPM) and the security market line (SML). With respect to the CAPM and SML, if a security has a beta of 1.3, that security should:（）
A. plot above the security market line.
B. have an above average risk premium.
C. have above average unsystematic risk.
[单项选择]An analyst does research about standard deviation and gathers the following information about two scenarios:
| Scenario | Probability | Expected rate of return |
| A | 0.40 | -5% |
| B | 0.60 | 10% |
The expected standard deviation is closest to:（）
A. 5.29%
B. 7.35%
C. 8.57%
[单项选择]An analyst does research about portfolio management. Which of the following statements is Least accurate when an investor diversifies a portfolio（）
A. Systematic risk is eliminated.
B. The variance of the portfolio declines.
C. The portfolio will have a higher correlation with the market portfolio.
[单项选择]An analyst does research about relationship between credit spreads and economic well being. In general, credit spreads on corporate bonds tend to:（）
A. tighten during both economic expansions and economic contractions.
B. widen during economic expansions and tighten during economic contractions.
C. tighten during economic expansions and widen during economic contractions.
[单项选择]An analyst does research about calculating reinvestment income to achieve desired yield. An 8 percent coupon bond with seven years to maturity makes semiannual interest payment and has a maturity value of $1000. The bond is currently selling at $1112.96 to provide a 6 percent yield. The amount of reinvestment income required to generate this yield is closest to:（）
A. $110.48
B. $123.45
C. $226.44
[单项选择]An analyst does research about financial reporting quality. An incentive for a company's management reporting lower earnings is least likely to:（）
A. remain in compliance with lending covenants.
B. obtain trade relief in the form of quotas or protective tariffs.
C. negotiate favorable terms from creditors.
[单项选择]An analyst does research about depreciation expense for a company. The company purchases equipment for $1200000 with an estimated useful life of 6 years and no estimated residual value. Using the double-declining balance method, the depreciation expense for year 3 is closest to:（）
A. $177778
B. $200000
C. $266667
[单项选择]An analyst does research about financial statements. Which of the following best describes the firm's financial performance over a period of time（）
A. Balance sheet.
B. Income statement.
C. Cash flow statement.
[单项选择]An analyst does research about different inventory valuation methods. Which inventory valuation method least likely results in the same cost of sales for both periodic and perpetual inventory systems（）
A. FIFO.
B. LIFO.
C. Specific identification method.
[单项选择]An analyst does research about difference between Generally Accepted Accounting Principles (U. S. GAAP) and Intemational Financial Reporting Standards (IFRS). The indirect method of presenting cash flow from operation is NOT allowed under（）
A. IFRS ortly.
B. U. S. GAAP only.
C. Neither IFRS nor U. S. GAAP.
[单项选择]An analyst does research about monopolistic competition. Which of the following statements is most accurate Long-run economic profit under monopolistic competition is zero because:（）
A. entry into and exit from the market are possible with fairly low costs.
B. each firm produces a differentiated product.
C. two or more firms have the incentive to collude.
[单项选择]An analyst does research about shareholders voting. With respect to shareholders voting for a candidate for the board of directors, which of the following is most likely to allow shareholders to direct their total voting rights to specific candidates（）
A. Statutory voting.
B. Cumulative voting.
C. Proxy voting.
[单项选择]An analyst does research about hypothesis testing and conducts a significance test to determine if the relationship between two variables is real or the result of chance. His null hypothesis is that the population correlation coefficient is equal to zero and his alternative hypothesis is that the population correlation coefficient is different from zero. He develops the following information:
| Value of the test statistic | 1.7081 |
| Critical value at the 0.05 significance level | 1.96 |
| Critical value at the 0.01 significance level | 2.58 |
The analyst conducts a:（）
A. one-tailed test and can reject his null hypothesis.
B. two-tailed test and can reject his null hypothesis.
C. two-tailed test and can not reject his null hypothesis.
