更多"An analyst does research about the "的相关试题:
[单项选择]An analyst does research about weighted average cost of capital and gathers the following information about a company:
| Capital Source | Market Value (millions) | Before-tax Cost of Capital |
| Bonds | $150 | 5% |
| Preferred stock | $50 | 6% |
| Common stock | $300 | 10% |
Based on the information above, if the company's marginal tax rate is 35%, its weighted average cost of capital is closest to:（）
A. 7.0%
B. 7.6%
C. 8.1%
[单项选择]An analyst does research about money-weighted rate of return and time-weighted rate of return. On 30 June 2010, an investor opened an account with $1000000. The account experienced the following activity over the next two years:
| Date | Withdrawals | Net Ending Balance |
| 30 June 2011 | $471000 | $451000 |
| 30 June 2012 | — | $499900 |
As of 30 June 2012, the investor's money-weighted rate of return and timeweighted rate of return:（）
A. are both positive.
B. are both negative.
C. have different signs.
[单项选择]An analyst does research about time-weighted rate of return and moneyweighted rate of return. If an investor makes an initial deposit into a new account, without any other deposits or withdrawals before closing the account, the investor's money-weighted rate of return when closing the account will be:（）
A. less than the investor's time-weighted rate of return.
B. equal to the investor's time-weighted rate of return.
C. greater than the investor's time-weighted rate of return.
[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 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 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 defensive internal ratio and gathers the following information about a company (in millions):
· Current ratio is 2.5
·Quick ratio is 2
·Cash ratio is 1.5
·Average daily expenditures is $20
·Current liabilities is $100
The company's defensive interval ratio is closest to:（）
A. 7.5
B. 10.0
C. 12.5
[单项选择]An analyst does research about common probability distributions. Compared to a normal distribution, a return distribution with negative excess kurtosis most likely has :（）
A. more extreme outcomes.
B. less observations clustered around the mean.
C. a longer tail on the left side than on the right side.
[单项选择]An analyst does research about alternative investments. With respect to alternative investments, a long time horizon and intense investor participation are most likely to be required for successful investing in both :
A. hedge funds and exchange traded funds.
B. venture capital and distressed securities.
C. commodities and commodity derivatives.
[单项选择]An analyst does research about confidence interval and gathers the following information about a stock return. The mean return of the stock is 11.5%. The standard deviation of returns of the stock is 1.8%. The lower endpoint of a confidence interval for the population mean with a reliability factor of 1.5 is closest to:
A. 8.8%
B. 9.7%
C. 14.2%
[单项选择]An analyst does research about portfolio diversification. Which of the following statement is least accurate Portfolio diversification:（）
A. decreases the diversification ratio.
B. decreases the standards deviation of returns.
C. eliminates downside risk.
[单项选择]An analyst does research about execution mechanisms. With respect to market structures, currencies are most likely traded in a market that is:（）
A. quote driven.
B. brokered.
C. order driven.
[单项选择]An analyst does research about financial principles. Which of the following financial principles is most accurate to describe the requirement that each material class of similar items should be shown separately on the financial statements（）
A. Aggregation.
B. Comparative information.
C. No offsetting.
[单项选择]An analyst does research about portfolio performance evaluation. Which of the following performance measures is most appropriate for an investor who is not fully diversified（）
A. M-squared.
B. Treynor ratio.
C. Jensen's alpha.
[单项选择]An analyst does research about difference between an option-free bond and a callable bond. Compared to an otherwise identical option-free bond, a callable bond is least likely to have:（）
A. a more uncertain cash flow pattem.
B. less price appreciation potential as interest rates fall.
C. more price depreciation potential as interest rates rise.
[单项选择]An analyst does research about corporate govemance. The interests of a company's share owners are least likely to be served if that company's executive management compensation program:（）
A. Encourages long-term growth instead of short-term increases in share value.
B. Includes downward reprising of strike prices for previously granted stock options.
C. Includes an element based on share-price performance relative to that company's competitors and peers.
[单项选择]An analyst does research about expansionary fiscal policy. An increase in a government's spending and a decrease in a government's tax will most likely cause a decrease in:（）
A. private saving only.
B. private investment only.
C. both private saving and private investment.
