更多"An analyst does research about pric"的相关试题:
[单项选择]An analyst does research about tradingsessions. Which of the following statements is most accurate to describe the characteristics of a call market（）
A. Dealers who provide securities liquidity engage in proprietary trading.
B. Gathering all trades to the same place at the same time makes it easier for buyers to find sellers and vice versa.
C. A willing buyer and seller can trade at anytime the market is open.
[单项选择]An analyst does research about contra accounts. Which of the following is least likely classified as contra accounts（）
A. Account payable.
B. Allowance for bad debts.
C. Accumulated depreciation.
[单项选择]An analyst does research about investment risk. Which of the following statements best describes systematic risk（）
A. Total risk.
B. Diversifiable risk.
C. Variability in all risky assets caused by macroeconomic variability.
[单项选择]An analyst does research about financial lease. Which of the following lease provisions least likely leads to a finance lease（）
A. The title to the leased asset is transferred to the leasee at the end of the lease.
B. The present value of the minimum lease payments is substantially less than the asset's fair value.
C. The lease term is equal to the asset's economic life.
[单项选择]An analyst does research about price multiples and gathers the following information about three companies in the same industry:
| Earnings Retention Ratio | Required Rate of Return |
| Company 1 | 30% | 8% |
| Company 2 | 40% | 9% |
| Company 3 | 50% | 10% |
According to dividenddiscounted model (DDM), which company most likely has the highest price-to-earnings ratio（）
A. Company 1.
B. Company 2.
C. Company 3.
[单项选择]An analyst does research about various price multiples. Which of the following price multiples is least subject to accounting manipulation or distortion by the management of a company（）
A. Price-to-sales ratio.
B. Price-to-book ratio.
C. Trailing price-to-earnings ratio.
[单项选择]An analyst does research about price elasticity of demand and determines that when the price of a product increases from $15 to $17, the quantity demanded decreases from 51 units to 45 units. The product's price elasticity of demand is best described as:（）
A. inelastic.
B. unit elastic.
C. elastic.
[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 price multiples. For a given company, price to earnings ratios are generally more stable from period to period than:
A. price to sales ratios but not price to cash flow ratios.
B. price to cash flow ratios but not price to sale ratios.
C. neither price to sales ratios nor price to cash flow ratios.
[单项选择]An analyst does research about price multiples. With respect to the computation of the price to book value ratio for a company's common stock, an appropriate estimate of tangible book value for the company could most likely exclude the value of:
A. patents.
B. off-balance-sheet assets.
C. preferred stock issued by that company.
[单项选择]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.
[单项选择]An analyst does research about price value of a basis point (PVBP). With respect to a coupon bond, the duration is 8.61, and the current price of the bond is $101.35. The price value of a basis point (PVBP) of the bond is closest to:（）
A. $0.0861
B. $0.0873
C. $0.1014
[单项选择]An analyst does research about price-to-earnings ratio and gathers the following information about a company:
| Current stock price | $75.00 |
| One-year price target | $85.00 |
| Most recent four quarters earnings per share | $5.50 |
| Expected next four quarters earnings per share | $6.50 |
The trailing price-to-earnings ratio for this stock is close.st to:（）
A. 11.5
B. 13.6
C. 15.5
[单项选择]An analyst does research about price-to-eamings ratio. With respect to price multipliers based on fundamentals, and all else being equal, an increase in which of the following inputs most likely will cause the price-to-earnings ratio to increase（）
A. Retention ratio.
B. Required rate of return.
C. Growth rate of eamings.
[单项选择]An analyst does research about put-call parity. Which of the following best represents synthetic put on a stock（）
A. Call-stock+risk-free bond.
B. Stock-call-risk-free bond.
C. Stock+call-risk-free bond.
[单项选择]An analyst does research aboutembedded options. Which of the following embedded options is least likely to increase in value when interest rates increase（）
A. The right toput an issue.
B. The cap on a floater.
C. An accelerated sinking fund provision.
[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 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 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.
