更多"An analyst does research about marg"的相关试题:
[单项选择]An analyst does research about marginal benefit and marginal cost. If the government sets a production quota below equilibrium, which of the following statements is most accurate The effect at the quota quantity is that:()
A. marginal cost exceeds market price.
B. marginal benefit exceeds market price.
C. marginal benefit exceeds marginal cost.
[单项选择]An analyst does research about total, marginal and average product curve of labor. As more labor is hired, which of the following curves initially increases and then decreases
A. The average product of labor curve, but not the total and marginal product of labor curve.
B. The marginal product of labor curve, but not the total and average product of labor curve.
C. Both the marginal product of labor and the average product of labor curve, but not the total product of labor curve.
[单项选择]An analyst does research about opportunity cost and gathers the following information about three fixed income products available for the public:
Fixed Income Product | Interest Rate |
1 | 3.3% |
2 | 4.4% |
3 | 6.6% |
If each fixed income product has the same maturity and default risk, the opportunity cost of investing in product 2 is closest to:()
A. 0.0%
B. 1.1%
C. 2.2%
[单项选择]An analyst does research about the cost of capital and gathers the following information about a company:
·Current share price is $60
·Current annual dividend per share is $1.50
·Stable retention ratio is 40%
·Historical return on equity is 12%
Using the dividend discount model approach, the cost of equity is closest to:
A. 7.30%
B. 7.42%
C. 9.88%
[单项选择]An analyst does research about cost of common equity. With respect to calculating the cost of equity using the bond yield plus risk premium approach, which of the following statements about the risk premium is least accurate()
A. The risk premium compensates for the additional risk of equity compared with debt.
B. We often estimate the risk premium using historical spreads between bond yields and stock yields.
C. In developed country markets, a typical risk premium added is in the range of 2 to 4 percent.
[单项选择]An analyst does research about cost of capital and gathers the following information about a company's proposed investment projects for 2012:
Project | Initial Investment(million) | NPV (million) | IRR |
1 | $21 | $2.4 | 21% |
2 | $23 | $1.6 | 19% |
3 | $19 | $0.8 | 17% |
4 | $19 | $0.6 | 14% |
5 | $31 | -$1.0 | 12% |
If the analyst's calculations are accurate, the each of the projects has the predicted cash flow pattern and the same risk as the company, the company's cost of capital is closest to:()
A. 12%
B. 13%
C. 14%
[单项选择]An analyst does research about cost of capital. All else being equal, if a U. S. company's marginal tax rate decreases, the company's weighted average cost of capital will most likely:
A. decrease.
B. remain unchanged.
C. increase.
[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.