更多"An analyst does research about pric"的相关试题:
[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. 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 multiples. Which of the following statements is least accurate to explain using the price-to-sales ratio in equity valuation is better than the price-to-earnings ratio（）
A. Sales are more stable than earnings.
B. Earnings are sometimes negative.
C. Sales are the main driver of equity value.
[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 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 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 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.
