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نعم، أرسل لي النشرة الإخبارية

خذ اختبارات أخرى عبر الإنترنت
السؤال #1
Which is true of positively skewed distributions?
A. hey are not symmetrical
B. and II
C. and III
D. one of these answers is correct
E. I and III
عرض الإجابة
اجابة صحيحة: C
السؤال #2
Level ________ verification applies to specific composites.
A. I
B. II
C.
D.
E. V
عرض الإجابة
اجابة صحيحة: A
السؤال #3
Current liabilities are recorded at ________.
A. heir market value
B. heir present value
C. heir maturity value
D. he lower of cost or market value
عرض الإجابة
اجابة صحيحة: C
السؤال #4
Xuanchi Zuan is a successful portfolio manager with Up & Away, a money management fund that operates strongly bullish funds. One of Zuan's clients, Margo Margolis, is about to retire in a couple of years. Margo has been phasing out her risky investments over the past five years, moving them into longterm treasury bonds. However, she recently read in a financial magazine the attractiveness of investing in emerging markets. She was especially enticed by the 30% and 40% annual returns observed in these markets
A. one of these answers
B. valuate the emerging market investments and move the funds only if he considers them suitable for investment for Margo
C. efuse to do so, pointing out the high risks involved in such investments
D. ove the funds into emerging market securities per Margo's request
عرض الإجابة
اجابة صحيحة: A
السؤال #5
Everly Smith has passed Level II of the CFA examination. While studying for Level III, he circulates his resume stating that he has "completed Charter Financial Analyst II" and his resume lists his name as "Everly Smith, CFA II." Which of these following statements is correct?
A. verly Smith is not in compliance with the standards regarding use of the CFA designation
B. verly Smith is not in compliance with the standards regarding use of the CFA designation
C. verly Smith is not in compliance with the standards regarding use of the CFA designation
عرض الإجابة
اجابة صحيحة: B
السؤال #6
A firm's gross profit margin equals 35.2% and the operating profit margin equals 26.7%. If its net sales equal 6,128, the firm's SGA expenses equal ________.
A. 48
B. 21
C. 96
D. 57
عرض الإجابة
اجابة صحيحة: B
السؤال #7
"Statistical inference" refers to the process of:
A. rawing conclusions about the entire population based on the statistical characteristics of a sample
B. rawing inferences about the characteristics of a distribution based on population data
C. redicting the statistical characteristics of a randomly drawn sample based on the knowledge about the entire population
D. electing a probability sample and the statistical method used to analyze it
عرض الإجابة
اجابة صحيحة: A
السؤال #8
How many annual deposits of $1,500, beginning next year, would you need to make before you had accumulated $30,000, if the money earns 9% per year, compounded annually? Assume the account begins with a $0 balance.
A. 4
B. 0
C. 1
D. 5
E.
عرض الإجابة
اجابة صحيحة: C
السؤال #9
The mean amount of gasoline and services charged by Key Refining Company credit customers is $70 per month. The distribution of amounts spent is approximately normal with a standard deviation of $10. What is the probability of selecting a credit card customer at random and finding the customer charged between $70 and $83?
A.
B. one of these answers
C.
D.
E.
عرض الإجابة
اجابة صحيحة: A
السؤال #10
If you owe a debt of $1,000 today and also owe $2,000 in 24 months, what single payment could you make 15 months from today that would pay off both of these debts, if interest is assessed at 8% per year, compounded monthly?
A. 2,988
B. 2,751
C. 3,041
D. 3,000
E. 1,980
عرض الإجابة
اجابة صحيحة: A
السؤال #11
You are examining a group of 20 mutual funds. You find that 10 have a 5% cash position, 4 have a 10% cash position, and 6 have a 2% cash position. What is the weighted average cash position of these 20 mutual funds?
A.
B.
C.
D.
عرض الإجابة
اجابة صحيحة: B
السؤال #12
Composite ________ measures represent the consistency of a firm's composite performance results with respect to the individual portfolio returns within a composite.
A. isclosure
B. ee
C. ispersion
D. eviation
E. rror
عرض الإجابة
اجابة صحيحة: C
السؤال #13
What are the two rejection areas in using a two-tailed test and the 0.01 level of significance?
A. one of these answers
B. bove 1
C. bove 1
D. bove 1
E. bove 2
عرض الإجابة
اجابة صحيحة: E
السؤال #14
Social investments:
A. hould never be used in pension fund investing
B. n pensions must be well thought-out, making sure that such investments are legal and do not impair the integrity of the funds in questions or the financial security of the participants or beneficiaries
C. one of these answers
D. ave yet to be used as an investment in pension funds in the U
E. re proper investment vehicles for pensions, since they are a "public good
عرض الإجابة
اجابة صحيحة: B
السؤال #15
During an economic boom, the AD-AS model indicates that
A. oth the real interest rate and real wage rates will decline
B. eal interest rate will decline and real wage rates will rise
C. eal interest rate will rise and real wage rates will decline
D. oth the real interest rate and real wage rates will increase
E. eal wage rates will remain constant while the real interest rate will rise
عرض الإجابة
اجابة صحيحة: D
السؤال #16
Suppose 1,600 of 2,000 registered voters sampled said they planned to vote for the Republican candidate for president. Using the 0.95 degree of confidence, what is the interval estimate for the population proportion (to the nearest tenth of a percent)?
A. 7
B. 8
C. 9
D. one of these answers
E. 6
عرض الإجابة
اجابة صحيحة: B
السؤال #17
Which of the following would affect the comparison of financial statements across two different firms?
A. ifferent accounting principlesII
B. and IV
C. , III and IV
D. , II, III and IV
E. and II
عرض الإجابة
اجابة صحيحة: C
السؤال #18
How many monthly payments of $40 are needed to pay off a debt of $1,000, if interest accrues at 10% per year, compounded monthly?
A. o solution/Error
B. 8
C. 1
D. 7
E. 2
عرض الإجابة
اجابة صحيحة: B
السؤال #19
You are given a risk-free rate of 5% per year, a portfolio return of 15% per year, and a standard deviation of portfolio return of 16% per year. What is the Sharpe measure of risk-adjusted performance?
A.
B.
C.
D.
عرض الإجابة
اجابة صحيحة: A
السؤال #20
The deferred income tax account
A. s where the difference between income tax expense and income tax payable is reconciled
B. s always reported as a long-term liability since the tax is not due until the next fiscal year
C. s reported as an other asset even though it has a credit balance
D. one of these answers is correct
عرض الإجابة
اجابة صحيحة: A
السؤال #21
If your discount rate is 8% per year, calculate the present value of the following cash flows:End of year 1: $2,200End of year 2: $3,000End of year 3: $7,300
A. 11,239
B. 14,155
C. 9,876
D. 10,404
عرض الإجابة
اجابة صحيحة: D
السؤال #22
Which of the following is/are required by AIMR-PPS with regards to creation and maintenance of composites?
A. ll actual fee-paying discretionary portfolios must be segregated into one or more composites based on similar investment strategies
B. I only
C. , II and III
D. and II only
E. I and III only
عرض الإجابة
اجابة صحيحة: D
السؤال #23
Fifteen accounting majors had an average grade of 90 on a finance exam. Seven marketing majors averaged 85, while ten finance majors averaged 93 on the same exam. What is the weighted mean for the 32 students taking the exam?
A. one of these answers
B. 9
C. 9
D. mpossible to determine without more information
E. 9
عرض الإجابة
اجابة صحيحة: E
السؤال #24
An investor wants to take advantage of the 5-year spot rate, currently at a level of 4.0%. Unfortunately, the investor just invested all of his funds in a 2-year bond with a yield of 3.2%. The investor contacts his broker, who tells him that in two years he can purchase a 3-year bond and end up with the same return currently offered on the 5-year bond. What 3-year forward rate beginning two years from now will allow the investor to earn a return equivalent to the 5-year spot rate?
A.
B.
C.
عرض الإجابة
اجابة صحيحة: B
السؤال #25
Which of the following statements about debt retirement features is TRUE?
A. bond issue must be retired in its entirety when exercising a call feature
B. make-whole premium provision and call price are identical terms
C. bond can be retired early even if it is nonrefundable
عرض الإجابة
اجابة صحيحة: C
السؤال #26
How much must you deposit today if you wish to have $50,000 in 20 years, assuming that interest accumulates at 6% per year, compounded annually?
A. 2,500
B. 160,356
C. 12,299
D. 16,604
E. 15,590
عرض الإجابة
اجابة صحيحة: E
السؤال #27
Argus is a large-accounts money manager with a high-profile hedge fund. He manages all his accounts in a very efficient manner and all his clients are satisfied with his performance. Argus has one character flaw, though. He is given to making sexually inappropriate comments in mixed company, touching female employees in inappropriate ways and cracking adult jokes loudly. This makes many of the other employees uncomfortable in his presence. Argus
A. one of these answers
B. as violated AIMR standard on professional incompetence
C. as violated AIMR standard on professional conduct
D. as not violated any AIMR standard since he has kept his clients satisfied and the professional misbehavior is an internal matter to be handled by his superiors
عرض الإجابة
اجابة صحيحة: C
السؤال #28
An AIMR member:
A. ust report any criminal activity to the appropriate legal or regulatory authority
B. , II, III and IV
C. I and IV only
D. , II and IV only
E. I, III and IV only
عرض الإجابة
اجابة صحيحة: B
السؤال #29
A liability can be recognized when
A. n obligation exists to make a future payment based on a past event
B. ll of these answers
C. nly when the amount is certain
D. ny time a future payment is due
عرض الإجابة
اجابة صحيحة: A
السؤال #30
Which of the following would not be included as a liability on a corporate balance sheet?
A. ccrued liabilities
B. urrent portion of long-term debt
C. ccounts payable
D. arketable securities
E. otes payable
عرض الإجابة
اجابة صحيحة: D
السؤال #31
A study of the scores on an in-plant course in management principles and the years of service of the employees enrolled in the course resulted in these statistics:Mean test score was 200 with a standard deviation of 40Mean number of years of service was 20 years with a standard deviation of 2 yearsIn comparing the relative dispersion of the two distributions, what are the coefficients of variation (CV)?
A. est 50%, service 60%
B. est 35%, service 45%
C. est 100%, service 400%
D. est 20%, service 10%
E. one of these answers
عرض الإجابة
اجابة صحيحة: D
السؤال #32
If you deposit $204.50 into an account paying 3.15% per year simple interest, how much interest will be earned after 3 years?
A. $19
B. 19
C. 24
D. 16
E. 18
عرض الإجابة
اجابة صحيحة: B
السؤال #33
Which of the following is not subject to depreciation?
A. utomobiles
B. and
C. achinery
D. and improvements
عرض الإجابة
اجابة صحيحة: B
السؤال #34
What annual interest rate, compounded annually, will cause a deposit of $550 to become $1,475 in 15 years?
A.
B.
C.
D. 7
E.
عرض الإجابة
اجابة صحيحة: E
السؤال #35
Jamison is a junior research analyst with Howard & Howard, a brokerage and investment banking firm. Howard & Howard's mergers and acquisitions department has represented the Britland Company in all of its acquisitions for the past 20 years. Two of Howard & Howard's senior officers are directors of various Britland subsidiaries. Jamison has been asked to write a research report on Britland. What is the best course of action for her to follow?
A. amison should not write the report because the two Howard officers are constructive insiders
B. amison may write the report but must refrain from expressing any opinions because of the special relationships between the two companies
C. amison may write the report if she discloses the special relationships with the company in the report
D. amison may write the report so long as the officers agree not to alter it
عرض الإجابة
اجابة صحيحة: C
السؤال #36
If decision makers fail to anticipate the inflationary effects of demand stimulus policies, in the short run the stimulus will
A. ncrease both inflation and the nominal interest rate but exert little impact on real output and employment
B. ncrease the real interest rate
C. educe the real interest rate
D. ead primarily to larger output and high employment
E. oth lead primarily to larger output and high employment and reduce the real interest rate
عرض الإجابة
اجابة صحيحة: E
السؤال #37
In a given period, the firm's beginning gross investment is 6,000 and ending gross investment is 10,000. The accumulated depreciation at the beginning was 500 and the ending balance in this account was 1,500. The firm uses straight-line depreciation. Then, the average depreciable life of the firm's assets is ________.
A.
B. years
C. 0 years
D. 2 years
عرض الإجابة
اجابة صحيحة: C
السؤال #38
The probability that events A and B do not occur simultaneously equals 0.77. The probability of neither A nor B occurring equals 0.38. If P(A) equals 0.26, the probability of B occurring equals ________.
A.
B.
C.
D.
عرض الإجابة
اجابة صحيحة: B
السؤال #39
Which of the following is/are true about the cash conversion cycle?
A. t increases as the inventory turnover ratio decreases
B. I, III & IV
C. & IV
D. I & III
E. & II
عرض الإجابة
اجابة صحيحة: D
السؤال #40
An analyst is considering a bond for purchase. The bond has a coupon that resets semiannually and is determined by the following formula:coupon = 12% - (3.0 * 6-month Treasury bill rate)Identify what type of bond this is, and calculate the coupon rate this bond would reset to if the 6-month Treasurybill rate is 4.5%.
A. his bond is an inverse floater, and the coupon would reset to 1
B. his bond is an inverse floater, and the coupon would reset to 0
C. his bond is a step up note, and the coupon would reset to 4
عرض الإجابة
اجابة صحيحة: B
السؤال #41
The sum of the squares of 1,200 observations equals 9,830. The sum of the observations equals 1,510. The population standard deviation of the observations equals ________.
A.
B.
C.
D.
عرض الإجابة
اجابة صحيحة: B
السؤال #42
Richard Wallace manages a portfolio of fixed-income securities for a large multinational investment firm. Wallace's portfolio is exposed to reinvestment risk, which he is attempting to reduce by adding securities with low levels of reinvestment risk. Of the following bonds, Wallace should most appropriately choose:
A. mortgage-backed security with scheduled principal and interest payments
B. n 8%, 10-year Treasury bond with semiannual payments
C. 15-year Treasury strip
عرض الإجابة
اجابة صحيحة: C
السؤال #43
AIMR Standard ________ prohibits plagiarism.
A. (D)
B. V (A)
C. one of these answers
D. I (C)
E. II (B)
عرض الإجابة
اجابة صحيحة: D
السؤال #44
The ________ elasticity of domestic demand for imports and foreign demand for exports is ______.
A. hort-run; elastic
B. ong-run; inelastic
C. hort-run; unit-elastic
D. one of these answers
E. hort-run; inelastic
عرض الإجابة
اجابة صحيحة: E
السؤال #45
An increase in accounts payable would be considered ________.
A. non-cash charge to income
B. n adjusting entry
C. use of cash
D. source of cash
عرض الإجابة
اجابة صحيحة: D
السؤال #46
An analyst is evaluating a European call option with a strike price of 25 and 219 days to expiration. The underlying stock is currently trading for $29, and the analyst thinks that by the option expiration date the stock will be valued at $35. If the risk-free rate is 4.0%, what is the lower bound on the value of this option?
A. 0
B. 4
C. 4
عرض الإجابة
اجابة صحيحة: C
السؤال #47
If two events A and B are mutually exclusive, what does the special rule of addition state?
A. (A and/or B) = P(A) +P(B)
B. (A and B) = P(A) + P(B)
C. one of these answers
D. (A or B) = P(A) - P(B)
E. (A or B) = P(A) + P(B)
عرض الإجابة
اجابة صحيحة: E
السؤال #48
What annual interest rate, compounded annually, is equivalent to 9% per year, compounded quarterly?
A. %
B.
C.
D.
E.
عرض الإجابة
اجابة صحيحة: D
السؤال #49
________ utilize forward contracts to safeguard the value (in home currency terms) of assets denominated in a foreign currency on its balance sheet.
A. ll of these answers
B. rbitrageurs
C. raders
D. edgers
E. peculators
عرض الإجابة
اجابة صحيحة: D
السؤال #50
An increase in the long-run aggregate supply curve indicates that
A. nemployment has increased
B. mployment has increased
C. atural unemployment has increased
D. otential real GDP has increased
عرض الإجابة
اجابة صحيحة: D
السؤال #51
You wish to rank n different securities according to the deviation of the market price from your estimate of their intrinsic value. You are curious how many different ways this can come out. The counting method you should use is:
A. he permutation rule
B. he multinomial formula
C. he binomial formula
D. one of these answers is correct
عرض الإجابة
اجابة صحيحة: D
السؤال #52
A random variable with a mean equal to 6.0 and a standard deviation of 1.5 has a coefficient of variation equal to ________.
A.
B. ero
C.
D.
E. one of these answers
عرض الإجابة
اجابة صحيحة: A
السؤال #53
Suppose you have two assets, A and B. Over the past 3 periods, A has returned 8%, 2%, and 6%, while B has returned 11%, -5%, and 20%. What is the return covariance between assets A and B?
A.
B. 9
C. 0
D. 1
عرض الإجابة
اجابة صحيحة: B
السؤال #54
The joint probability of events A and B occurring equals 0.11. The probability of neither A nor B occurring equals 0.64. If P(A) equals 0.24, the probability of B occurring equals ________.
A.
B.
C.
D.
عرض الإجابة
اجابة صحيحة: D
السؤال #55
What entity is presently responsible for establishing accounting standards?
A. he Financial Accounting Standards Board
B. he FDA
C. he Securities and Exchange Commission
D. he Internal Revenue Service
E. he Federal Accounting Society Board of Directors
عرض الإجابة
اجابة صحيحة: A
السؤال #56
You are examining a group of 6 stocks within an industry. The industry average profit margin is expected to be 30%. For these stocks, the average profit margins have been 50%, 25%, 15%, 5%, 45%, and 30%. What is the mean absolute deviation of profit margins from the industry average?
A. 3
B. 3
C. 3
D. 3
عرض الإجابة
اجابة صحيحة: A
السؤال #57
In the direct method statement of cash flows, the primary component of investing cash flow is typically
A. ividend payments
B. ong-term investments in securities
C. apital expenditures for long-term assets
D. epayment of debt
E. nvestments in affiliates
عرض الإجابة
اجابة صحيحة: C
السؤال #58
What is the remaining balance on a $100,000 loan after making monthly payments of $733.76 for 10 years, if the interest rate is 8% per year, compounded monthly?
A. 86,204
B. 11,948
C. 0
D. 87,725
E. 91,343
عرض الإجابة
اجابة صحيحة: D
السؤال #59
Which of the following is/are true?
A. or a given level of significance, it becomes harder to reject the null hypothesis as the sample size decreases
B. only
C. I only
D. , II & III
E. II only
F. & III
عرض الإجابة
اجابة صحيحة: A
السؤال #60
Which of the following is true regarding Standard II (A)?
A. ou must be registered for the next CFA exam in order to call yourself a candidate
B. ll of these answers
C. andidates may state that they have completed Level I, II, or III
D. here is no designation for someone who has passed Level I, II, or III
E. his standard relates to oral statements
F. his standard relates to business cards and letterheads
عرض الإجابة
اجابة صحيحة: B
السؤال #61
Laura Mack, is considering purchasing two Treasury securities. The first is the 7-year on-the-run Treasury issued last week that has a coupon rate of 4.98%. The second is a 7-year off-the-run Treasury that was issued two months ago and has a coupon rate of 4.74%. Which of the following statements regarding the two issues under consideration is most accurate?
A. he on-the-run issue has higher reinvestment risk because of its higher coupon rate
B. he on-the-run issue has higher interest rate risk because of its higher coupon rate
C. oth the on-the-run and the off-the-run issues have equivalent interest rate risk
عرض الإجابة
اجابة صحيحة: A
السؤال #62
If the U.S. is viewed by foreigners as a great nation in which to invest, generating a large inflow of foreign investment, this will cause the U.S. to run a
A. eficit on the official reserve account
B. eficit on the capital account
C. eficit on the current account
D. urplus on the current account
عرض الإجابة
اجابة صحيحة: C
السؤال #63
A portfolio manager has estimated the beta of a stock at 0.8, with a z-statistic of 1.7 in a sample size of 300 observations. At 5% significance level in a two-sided test the critical value is 1.96, therefore, the manager should conclude that:
A. he null hypothesis of beta = 0 cannot be rejected
B. he null hypothesis of beta = 0 cannot be accepted
C. he alternative hypothesis that beta is nonzero should be rejected
D. he alternative hypothesis that beta is not zero should be accepted
عرض الإجابة
اجابة صحيحة: A
السؤال #64
Each of the following transactions has the effect of reducing retained earnings except ________.
A. ash dividends
B. tock splits
C. tock dividends
D. ividends in kind
عرض الإجابة
اجابة صحيحة: B
السؤال #65
What is your monthly payment, beginning next month, on a $15,000 loan, if you pay it off over 48 months and the interest rate is 2.9% per year, compounded monthly?
A. 582
B. 3,772
C. 331
D. 324
E. 306
عرض الإجابة
اجابة صحيحة: C
السؤال #66
A firm has legal cash expenses of 300 and a tax rate of 40. If it chooses to capitalize the costs and depreciated them over 3 years, the operating cash flow under capitalization, compared to that under expensing, will be ________.
A. maller by 220
B. arger by 180
C. arger by 220
D. maller by 180
عرض الإجابة
اجابة صحيحة: C
السؤال #67
The following are the weekly amounts of welfare payments made by the federal government to a sample of six families: $139, $136, $130, $136, $147 and $136. What is the range?
A. 52
B. one of these answers
C. 14
D. 17
E. 0
عرض الإجابة
اجابة صحيحة: D
السؤال #68
A study of a company's practice regarding the payment of invoices revealed that on the average an invoice was paid 20 days after it was received. The standard deviation equaled five days. Assuming that the distribution is normal, what percent of the invoices were paid within 15 days of receipt?
A. 7
B. 6
C. 5
D. 4
E. one of these answers
عرض الإجابة
اجابة صحيحة: C
السؤال #69
A firm has a constant pre-depreciation income using assets that last 5 years. The straight-line method results in a rate of return that ________ over the life of the assets. The accelerated methods result in a rate of return that ________ over the life of the assets.
A. ncreases, increases
B. ecreases, increases
C. ecreases, decreases
D. ncreases, decreases
عرض الإجابة
اجابة صحيحة: A
السؤال #70
A credit entry to Allowance for Uncollectible Accounts
A. ncreases the balance
B. either of these answers is correct
C. oth of these answers are correct
D. ncreases net receivables
عرض الإجابة
اجابة صحيحة: A
السؤال #71
A survey of 144 retail stores revealed that a particular brand and model of a VCR retails for $375 with a standard deviation of $20. What is the 99% confidence interval to estimate the true cost of the VCR?
A. 328
B. 323
C. 335
D. 335
E. one of these answers
عرض الإجابة
اجابة صحيحة: B
السؤال #72
A Treasury bond dealer observes the following Treasury spot rates from the spot rate curve: 1-year 7.40%, 2- year 7.00%, and 3-year 6.3%. The bond dealer also observes that the market price of a 3-year 8% coupon, 100 par value bond is $103.95. Based on this information, the dealer should:
A. uy the 8% coupon bond in the open market, strip it, and sell the pieces
B. ell the 8% coupon bond short, and buy the component cash flow strips with the proceeds
C. o nothing since the 8% bond is selling for its arbitrage-free price
عرض الإجابة
اجابة صحيحة: A
السؤال #73
When a researcher uses the classes 129-147, 147-165, 165-183 to create a distribution, he is violating which of the following suggested practices?
A. void a use of non-standard class marks
B. void a use of open-ended classes
C. void a use of uneven classes
D. void a use of overlapping classes
عرض الإجابة
اجابة صحيحة: D
السؤال #74
What annual interest rate, compounded quarterly, would cause a series of 30 quarterly deposits of $500 to accumulate to $25,000, if the first deposit is made three months from today?
A.
B. 2
C.
D. 3
E.
عرض الإجابة
اجابة صحيحة: D
السؤال #75
The accrual basis of accounting:
A. s used only for taxes reporting purposes
B. ecognizes the development of assets and liabilities externally
C. oes not pertain to revenue recognition-only expense recognition
D. egins with the cash basis of accounting and proceeds to make the necessary adjustments
E. llocates many transactions that produce cash flows to time periods other than those in which the cash flows occur
عرض الإجابة
اجابة صحيحة: E
السؤال #76
Willa Dowd collected the following information for a small-cap firm that she is evaluating:Stock price per share $20.50Expected sales $920 millionOperating expenses (excluding interest) $405 millionDepreciation amortization $44 millionReturn on equity (ROE) 12%Shares outstanding 31 millionCommon shareholders' equity $380 millionThe Price/Cash Flow (P/CF) for the small-cap firm is closest to:
A.
B.
C.
عرض الإجابة
اجابة صحيحة: A
السؤال #77
Which of the following is/ are true ?
A. ll Central bank transactions are excluded from the BOP account
B. & II
C. II only
D. I only
E. only
عرض الإجابة
اجابة صحيحة: B
السؤال #78
If you deposit $5,000 into an account paying 9% per year, compounded monthly, how much do you have in the account in 10 years?
A. 5,403
B. 12,001
C. 9,116
D. 2,039
E. 12,256
عرض الإجابة
اجابة صحيحة: E
السؤال #79
A test to determine whether a convertible security is dilutive or antidilutive is to calculate EPS
A. or the security alone and compare it to the EPS without inclusion of the security
B. or the security alone and compare it to the EPS with inclusion of the security
C. or the security alone
D. ithout inclusion of the security
E. ith inclusion of the security
عرض الإجابة
اجابة صحيحة: A
السؤال #80
Why do the corporation's directors declare stock dividends?
A. o increase the number of shares outstanding
B. ll of these answers are correct
C. o keep the market value of the company's stock affordable
D. o provide tangible evidence of management's confidence in the company's strong performance
عرض الإجابة
اجابة صحيحة: B
السؤال #81
The AIMR Performance Presentation Standards are
A. oluntary standards for the industry
B. andatory for CFA Charterholders and Candidates
C. oluntary standards for the industry, but mandatory standards for AIMR members
D. andatory standards for the industry
عرض الإجابة
اجابة صحيحة: A
السؤال #82
Standard III (E) is ________.
A. bligation to Inform Employer of Code and Standards
B. uty to Employer
C. esponsibilities of Supervisors
D. isclosure of Conflicts to Employer
E. one of these answers
F. isclosure of Additional Compensation Arrangements
عرض الإجابة
اجابة صحيحة: C
السؤال #83
A firm's treasurer estimates that the firm will need about $15 million in 3 years' time to allow the acquisition of a growing software firm. If the firm can invest in the capital market at the risk-free rate of7% per year and wants to make sure it has the necessary funds available in 3 years, how much does it need to invest today?
A. 12
B. 11
C. 12
D. 13
عرض الإجابة
اجابة صحيحة: A
السؤال #84
You run a mutual fund that holds 24 stocks. Each week, you intend to comprehensively review 3 of them. Assuming this is the first week you are doing this, how many ways can you choose 3 from the 24?
A. ,024
B. ,492
C. ,024
D. ,048
عرض الإجابة
اجابة صحيحة: A
السؤال #85
Restricted cash balances are ________.
A. on-current assets
B. ot considered assets
C. one of these answers
D. egarded as part of long-term equity
عرض الإجابة
اجابة صحيحة: A
السؤال #86
According to the method for calculating short-term interest rates from annualized rates, a three-month interest rate of 4% means that the interest rate paid after three months will be ________.
A.
B. %
C. %
D. %
E. one of these answers
عرض الإجابة
اجابة صحيحة: B
السؤال #87
The distribution of the annual incomes of a group of middle management employees approximated a normal distribution with a mean of $37,200 and a standard deviation of $800. About 68 percent of the incomes lie between what two incomes?
A. 36,400 and $38,000
B. one of these answers
C. 34,800 and $39,600
D. 35,600 and $38,800
E. 30,000 and $40,000
عرض الإجابة
اجابة صحيحة: A
السؤال #88
Contingent losses are recognized:
A. hen they actually occur during a contingency
B. I, III & IV
C. only
D. I & III
E. I & IV
عرض الإجابة
اجابة صحيحة: A
السؤال #89
A relative frequency distribution is
A. ll of these answers
B. collection of relative frequency classes with the relative frequencies
C. grouping of data into non-overlapping categories
D. n aggregation of raw data in the form of a probability distribution
عرض الإجابة
اجابة صحيحة: A
السؤال #90
Which of the following best describes the relationship between the velocity of money and the demand for money?
A. hen the demand for money increases, the velocity of money increases
B. he demand for money is not related to the velocity of money
C. he demand for money must be stable for the velocity of money to increase
D. hen the demand for money declines, the velocity of money increases
عرض الإجابة
اجابة صحيحة: D
السؤال #91
The ________ assumption must be disclosed if results are presented after taxes.
A. ax rate
B. rade
C. omposite
D. election
E. ettlement-date
عرض الإجابة
اجابة صحيحة: A
السؤال #92
"Book value per share" refers to:
A. he per share value of the company's assets less the liabilities
B. ll of these answers
C. he per share value of total equity of the firm
D. he per share value of the common stock accounts of a firm
عرض الإجابة
اجابة صحيحة: D
السؤال #93
Which of the following is /are true?
A. simple capital structure is one that does not include any common stock equivalents or dilutive contingent securities
B. & II
C. I & III
D. , II & III
E. only
عرض الإجابة
اجابة صحيحة: C
السؤال #94
Anamese Barrytone is a broker with Caledonia Investments. Caledonia also provides investment recommendations through its weekly letter. In its last letter released 3 days ago, Caledonia changed its investment recommendation on Sell-Me-Now, Inc. from "hold" to "sell." Anamese has just received a call from Sloan who wants to place a market-buy order on 600 shares of Sell-Me-Now. Anamese should
A. ot execute the order since her firm has placed the stock on the sell list
B. nform her supervisor about the order and then decide if the order should be executed
C. xecute the order as is without trying to change Sloan's mind by telling him about Caledonia's recommendation since she is required to be a neutral broker by SEC rules
D. nform Sloan about the change in Caledonia's recommendation before executing the order
عرض الإجابة
اجابة صحيحة: D
السؤال #95
The cash flow statement provides more objective information about all of the following, except
A. rends in cash flow components
B. anagement decisions regarding financial policy, dividend policy, and investment for growth
C. firm's ability to generate cash flows from operations
D. ash consequences of investing and financing decisions
E. he amount a firm can be leveraged
عرض الإجابة
اجابة صحيحة: E
السؤال #96
Which of the following is used to calculate the actual adjustment for bad debt expense for the period?
A. ging
B. ercent of accounts receivable
C. ercent of net sales
D. ll of these answers are correct
عرض الإجابة
اجابة صحيحة: C
السؤال #97
Institutional Investments is a fund management firm that provides investment advice as well as investment management to large client accounts. I.I.'s senior portfolio manager, Richard Fineman's cousin, Alberto Onestone, runs a small brokerage firm. Fineman has directed all of his junior portfolio managers to execute their trades with Alberto. Alberto's fees are higher than those available from discount brokers but Alberto provides Fineman and his managers a wealth of investment tips that he hears on the str
A. ineman and his managers are violating Standard IV (B
B. , II and III
C. V only
D. I only
E. I and III only
عرض الإجابة
اجابة صحيحة: D
السؤال #98
The Prudent Man Rule, as it was originally written, was clearly oriented towards ________.
A. haritable organizations
B. ublic pension plans
C. ndividual clients
D. ersonal trust accounts
E. ndowments
عرض الإجابة
اجابة صحيحة: D
السؤال #99
In January 1996, Weber Co. purchased a mineral mine for $2,640,000 with removable ore estimated at 1,200,000 tons. After it has extracted all the ore, Weber will be required by law to restore the land to its original condition at an estimated cost of $180,000. Weber believes it will be able to sell the property afterwards for $300,000. During 1996, Weber incurred $360,000 of development costs preparing the mine for production and removed and sold 60,000 tons of ore. In its 1996 income statement, what amount
A. 150,000
B. 132,000
C. 135,000
D. 159,000
E. 144,000
عرض الإجابة
اجابة صحيحة: E
السؤال #100
Standard III (B) is known as ________.
A. nteractions with Clients and Prospects
B. reservation of Confidentiality
C. one of these answers
D. air Dealing
E. nvestment Process
F. uty to Employer
عرض الإجابة
اجابة صحيحة: F

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