更多"An analyst does research about the "的相关试题:
[单项选择]An analyst does research about European option. An investor purchases a European put option with an exercise price of $38.60. If the stock price at expiration is $25.34 and the dividend yield is 3.5%, the payoff per share is closest to:（）
A. $11.91
B. $13.26
C. $14.61
[单项选择]An analyst does research about commodity markets. Which of the following statements about investing in commodities is least accurate（）
A. Investing in commodity futures is the most common strategy for commodity investing.
B. A collateralized futures position consists entirely of long position in futures for a given amount of underlying value.
C. Commodities tend to have a low to negative correlation with stock and bond retums and a desired positive correlation with inflation.
[单项选择]An analyst does research about derivative markets. Which of the following statements is most likely among criticisms of derivative markets（）
A. Derivativesprovide price information.
B. Derivativesreduce transaction costs.
C. Derivatives areoverly complex.
[单项选择]An analyst does research about option value. Prior to expiration, the maximum value of an American call is the:（）
A. excise price.
B. current price of the underlying.
C. present value of the exercise price.
[单项选择]An analyst does research about option moneyness. An investor paid $5 for a put option that was in-the-money $3. If the price of the underlying was $59 at the time the investor purchased the put option, the exercise price of that put option was closest to:
A. $51
B. $56
C. $62
[单项选择]An analyst does research about option investing. An investor writes a call option priced at $3 with an exercise price of $100 on a stock that he owns. The investor paid $85 for the stock. If at expiration of the call option the stock price has risen to $110, the profit for the investor's position would be closest to:（）
A. $3
B. $12
C. $18
[单项选择]An analyst does research about option-free bond price change due to both duration and convexity impacts. The duration of an option-free bond is 9.92, and the convexity measure for that bond is 63.8. If interest rates increase by 200 basis points, the bond's percentage price change is closest to:（）
A. -22.39%
B. -18.56%
C. -17.29%
[单项选择]An analyst does research about impact to option due to interest rate and volatility of the underlying. Which of the following statements best describes the effect of the level of interest rates and volatility of the underlying on the price of options All else being equal, prices for:（）
A. put options are positively related to the level of interest rates.
B. call options are positively related to the level of interest rates.
C. put options are negatively related to the volatility of the underlying.
[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.
[单项选择]An analyst does research about difference between Generally Accepted Accounting Principles (U. S. GAAP) and Intemational Financial Reporting Standards (IFRS). The indirect method of presenting cash flow from operation is NOT allowed under（）
A. IFRS ortly.
B. U. S. GAAP only.
C. Neither IFRS nor U. S. GAAP.
[单项选择]An analyst does research about monopolistic competition. Which of the following statements is most accurate Long-run economic profit under monopolistic competition is zero because:（）
A. entry into and exit from the market are possible with fairly low costs.
B. each firm produces a differentiated product.
C. two or more firms have the incentive to collude.
