更多"An analyst does research about asse"的相关试题:
[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 beta and gathers the following information about a company:
·Market value of equity is $900000
·Book value of equity is $1100000
·Market value of debt is $1000000
·Book value of debt is $950000
·Equity beta is 2.3
·Marginal tax rate is 40%（）
A. Assuming the company's debt has no market risk, the company's asset beta is closest to: 1.36
B. 1.38
C. 1.49
[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 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.
