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?
$ 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
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:
Numark. In its December 31, 2004 balance sheet, Numark should report a lease liability of: