更多"An analyst does research about asse"的相关试题:
[单项选择]An analyst does research about book value and gathers the following information from a company's balance sheet (in millions):
| Shareholders' equity | $150 |
| Preferred stock | $25 |
| Total liabilities | $50 |
| Issued common shares | 75 |
| Repurchased common shares | 20 |
The company's book value per share is closest to:（）
A. $1.67
B. $2.27
C. $2.73
[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 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 about covariance and gathers the following joint probability function for the return of two securities.
| Security 1 Return=10% | Security 1 Return=15% |
| Security 2 Return=6% | 0.0 | 0.4 |
| Security 2 Return=12% | 0.6 | 0.0 |
The covariance of returns between the two securities is closest to:（）
A. -4.8
B. -7.2
C. -8.4
[单项选择]An analyst does research about capital asset pricing model approach and gathers the following information about a company and the market:
| Equity beta | 1.5 |
| Equity risk premium | 15% |
| Risk-free rate | 3% |
| Before-tax cost of company's debt | 9% |
Using the capital asset pricing model approach, the company's cost of equity capital is closest to:（）
A. 18.0%
B. 21.0%
C. 25.5%
[单项选择]An analyst does research about asset-backed securities. Which of the following is least accurate Special purpose vehicles:（）
A. create a subsidiary of the sponsoring corporation to hold assets.
B. reduce exposure to the bankruptcy risk of the sponsoring corporation.
C. are non-operating entities created to carry out a special purpose such as leasing assets or securitizing receivables.
[单项选择]An analyst does research about asset classes. When an investor defines an asset class for the purpose of asset allocation, which of the following statements is most accurate The investor should ensure that assets in one class:（）
A. have high paired correlations with other asset classes and relatively homogeneous.
B. have low paired correlations with other asset classesand relatively heterogeneous.
C. have low paired correlations with other asset classesand relatively homogeneous.
[单项选择]An analyst does research about beta and gathers the following information about an asset and the market portfolio:
| Standard deviation of the market portfolio's return | 55% |
| Standard deviation of the asset's return | 78% |
| Correlation between returns of the asset and the market portfolio | 0.75 |
The beta of the asset is closest to:（）
A. 0.53
B. 1.06
C. 1.89
[单项选择]An analyst does research about deferred tax asset and liability and gathers the following information about a company:
| Pre-tax accounting profit | $26000 |
| Depreciation expense for accountmg purposes | $2100 |
| Depreciation expense for tax | $3000 |
| Income tax rate | 35% |
Assuming there are no other differences between accounting and tax profit, the company most likely records:（）
A. A deferred tax asset of $315.
B. A deferred tax liability of $315.
C. A deferred tax liability of $585.
[单项选择]An analyst does research about the capital asset pricing model and gathers the following information about a security and the market portfolio:
| Beta of the security | 1.25 |
| Market portfolio premium | 8% |
| Risk-free rate | 3% |
Based on the CAPM, the security's expected return is closest to:（）
A. 9.25%
B. 11.00%
C. 13.00%
[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 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.
