更多"An analyst does research about oppo"的相关试题:
[单项选择]An analyst does research about marginal cost and average cost. In the short run, when a firm's output increases beyond the point at which marginal cost equals average variable cost, average fixed cost:（）
A. and average total cost both increase.
B. decreases and average variable cost increases.
C. decreases and average total cost increases.
[单项选择]An analyst does research about the cost of capital and gathers the following information about a company:
·Current share price is $60
·Current annual dividend per share is $1.50
·Stable retention ratio is 40%
·Historical return on equity is 12%
Using the dividend discount model approach, the cost of equity is closest to:
A. 7.30%
B. 7.42%
C. 9.88%
[单项选择]An analyst does research about cost of common equity. With respect to calculating the cost of equity using the bond yield plus risk premium approach, which of the following statements about the risk premium is least accurate（）
A. The risk premium compensates for the additional risk of equity compared with debt.
B. We often estimate the risk premium using historical spreads between bond yields and stock yields.
C. In developed country markets, a typical risk premium added is in the range of 2 to 4 percent.
[单项选择]An analyst does research about cost of capital and gathers the following information about a company's proposed investment projects for 2012:
| Project | Initial Investment(million) | NPV (million) | IRR |
| 1 | $21 | $2.4 | 21% |
| 2 | $23 | $1.6 | 19% |
| 3 | $19 | $0.8 | 17% |
| 4 | $19 | $0.6 | 14% |
| 5 | $31 | -$1.0 | 12% |
If the analyst's calculations are accurate, the each of the projects has the predicted cash flow pattern and the same risk as the company, the company's cost of capital is closest to:（）
A. 12%
B. 13%
C. 14%
[单项选择]An analyst does research about cost of capital. All else being equal, if a U. S. company's marginal tax rate decreases, the company's weighted average cost of capital will most likely:
A. decrease.
B. remain unchanged.
C. increase.
[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.
