CFA-Level-I Exam Question 151
Bob Ryan, CFA, is an analyst with a large insurance company. His personal portfolio includes a significant investment in the common stock of QRS Company, which his firm does not now follow. The director of the insurance company's research department asks Ryan to analyze QRS and write a report about its investment potential. Based on CFA Institute's Standards of Professional Conduct, Ryan should:
CFA-Level-I Exam Question 152
The assumed reinvestment rate for the yield on a zero coupon bond is
CFA-Level-I Exam Question 153
A mutual fund has securities in its portfolio that are worth $196 million. The fund has borrowed $12.1 million to purchase securities on margin and has 28.5 million fund shares outstanding. What is the fund's net asset value (NAV) per share?
CFA-Level-I Exam Question 154
Which of the following statement(s) is/are true?
I). The Accumulated Depreciation account has a credit balance and is increased by the year-end adjusting entry for depreciation.
II). For most companies, adjusting entries are made on a yearly basis.
III). An end-of-period journal entry in which the Office Supplies Expense account is debited and the Office Supplies account is credited is an example of an adjusting entry.
IV). Adjusting entries may involve recording expenses before they are due to be paid.
I). The Accumulated Depreciation account has a credit balance and is increased by the year-end adjusting entry for depreciation.
II). For most companies, adjusting entries are made on a yearly basis.
III). An end-of-period journal entry in which the Office Supplies Expense account is debited and the Office Supplies account is credited is an example of an adjusting entry.
IV). Adjusting entries may involve recording expenses before they are due to be paid.
CFA-Level-I Exam Question 155
Tests of the EMH suggest that:
I). if technical trading rules can predict profit opportunities, they are very short lived
II). very few fundamental indicators offer forecasting power
III). despite the ability of Value Line forecasts to predict stock returns, trading profits are unlikely after adjusting the returns for transactions costs
I). if technical trading rules can predict profit opportunities, they are very short lived
II). very few fundamental indicators offer forecasting power
III). despite the ability of Value Line forecasts to predict stock returns, trading profits are unlikely after adjusting the returns for transactions costs