CFA-Level-I Exam Question 166

If the spot Japanese yen were sold at $0.007960, whereas the 180-day forward yen were priced at
$ 0.008184, what would be the forward premium annualized?
  • CFA-Level-I Exam Question 167

    If the Fed injects $1 million into the economy by buying T-bills in open market, and the required reserve is 20%, then the money supply will increase a maximum of:
  • CFA-Level-I Exam Question 168

    The obstacles to collusion include all of the following except:
    I). small number of firms
    II). low entry barriers
    III). unstable market demand
    IV). vigorous antitrust prosecution
  • CFA-Level-I Exam Question 169

    Which one of these patterns is not a continuation pattern?
  • CFA-Level-I Exam Question 170

    On December 31, 2003, Numark Co. leased a machine from Hardie Ltd. for a five-year period. Equal annual payments under the lease are $315,000 (including $15,000 annual executory costs) and are due on December 31 of each year. The first payment was made on December 31, 2003, and the second payment was made on December 31, 2004. The five lease payments are discounted at 10% over the lease term. The present value of minimum lease payments at the inception of the lease and before the first annual payment was $1,251,000. The lease is appropriately accounted for as a capital lease by
    Numark. In its December 31, 2004 balance sheet, Numark should report a lease liability of: