更多"An analyst does research about futu"的相关试题:
[单项选择]An analyst does research about future transaction. In general, which of the following is least likely to prefer for an investor to terminate a future contract at expiration()
A. Delivery.
B. Closeout.
C. Cash settlement.
[单项选择]An analyst does research about future contracts. A commodity futures account has the following margin balances:
Initial margin requirement | $18700 |
Maintenance margin requirement | $14300 |
Margin balance | $12500 |
The variation margin is closest to:()
A. $1800
B. $4400
C. $6200
[单项选择]An analyst does research about securities market indices and gathers the following information is about a value-weighted index comprised of three non-dividend paying stocks:
| 31 December 2011 | 31 December 2010 |
Stock | Share price | Outstanding shares | Share price | Outstanding shares |
1 | $23.00 | 3400 | $25.50 | 3400 |
9 | $19.50 | 6600 | $16.00 | 6600 |
3 | $33.00 | 4600 | $20.50 | 9200 |
If the index value on 31 December 2010 was 102.5, the index value on 31 December 2011 is closest to:()
A. 99.7
B. 96.5
C. 108.8
[单项选择]An analyst does research about security market line (SML). With respect to the security market line, if an investor's estimated return is below the SML, a security is most likely:()
A. overvalued.
B. correctly valued.
C. undervalued.
[单项选择]An analyst does research about security market indices and gathers the following information about market-capitalization-weighted index consisting of the shares of three companies:
Company | Beginning Share Prices | Ending Share Prices | Dividends Per Share | Shares Outstanding |
A | $26 | $21 | $1.60 | 300 |
B | $51 | $46 | $2.10 | 300 |
C | $11 | $13 | $3.10 | 400 |
The price retum on the index is closest to:()
A. -16.55%
B. -8.00%
C. 0.55%
[单项选择]An analyst does research about capital market line (CML). According to capital market theory, if an investor holds a portfolio that lies on the capital market line to the left of the market portfolio, that investor should expect that his portfolio will:()
A. eam less than the return on the market portfolio.
B. earn more than the return on the market portfolio.
C. haveless unsystematic risk than the market portfolio.
[单项选择]An analyst does research about commodity market. Which of the following is least likely a motivation of investing in commodities()
A. Commodity markets have lower volatility than the equity markets.
B. Commodities have a positive correlation with the unexpected inflation.
C. Commodities have a negative correlation with the stock and bond retums.
[单项选择]An analyst does research about market supply curve. Which of the following statements is most accurate()
A. The market supply curve is a total cost curve.
B. The market supply curve is the horizontal sum of the individual producer's supply curves above average variable cost curve.
C. The market supply curve is formed by adding the producer surplus of all individual producers.
[单项选择]An analyst does research about market structures. With respect to traditional oligopoly model, which of the following is least accurate The kinked demand curve model assumes:
A. that there is a break in the marginal revenue curve.
B. that the price decreases by one firm is followed by its peers.
C. that the price and quantity are sensitive to small cost changes.
[单项选择]An analyst does research about market multiple models and gathers the following information about three companies in the same industry:
Company | Operating Income | Enterprise Value |
A | $95000 | $829000 |
B | $29000 | $327000 |
C | $41000 | $452000 |
Based on this information, which of the following corupanies is likely the most overvalued()
A. Company A.
B. Company B.
C. Company C.
[单项选择]An analyst does research about market efficiency. Which of the following statements least likely explains why a market mispricing may persist()
A. Arbitrage is encouraged to produce riskless profits.
B. A price discrepancy is insufficient large to leave the investor with a profit.
C. Short selling is limited or restricted.
[单项选择]An analyst does research about relationship between duration and actual price. An option-free bond having the duration of 8, if yields decrease by 100 basis point, the actual price of the bond will:()
A. increase by more than 8%.
B. increase by less than 8%.
C. decrease by more than 8%.
[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.