CFA-Level-I Exam Question 226
One feature common to both the trading and available for sale classifications is:
CFA-Level-I Exam Question 227
If a firm's asset turnover were to increase by 10% and the tax rate were to increase from 35% to 40%, leaving all else constant, the resultant change in the firm's ROE equals ________.
CFA-Level-I Exam Question 228
Which of following correctly specifies the level of the firm's receivables balance?
I). Average annual sales / Average collection period.
II). Average collection period / Average daily sales.
III). Average daily sales X Average collection period.
IV). Credit sales / Accounts receivable turnover.
I). Average annual sales / Average collection period.
II). Average collection period / Average daily sales.
III). Average daily sales X Average collection period.
IV). Credit sales / Accounts receivable turnover.
CFA-Level-I Exam Question 229
The more perfectly the monopoly can price discriminate,
CFA-Level-I Exam Question 230
Suppose that the future short-term outlook for the economy is favorable, with probability 0.6, and unfavorable with probability 0.4. For two stocks, F and G, the return on each stock is 0.25 and 0.2 respectively in favorable conditions, and 0.01 and 0.02 in unfavorable conditions. Calculate cov(Rf,Rg).