One is most likely to reject the null hypothesis when the p-value of the test statistic:
A. Is negative.
B. Exceeds a specified level of significance.
C. Falls below a specified level of significance.
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A stock selling at $50 has a P/E multiple of 20 on the basis of the current years earnings. An analyst estimates that nexts earnings per share will be 10% higher and that the stock should be valued on
A. overvalued.
B. Fairly valued
C. undervalued.
Which of the following least likely forms the basic structure for enforcement of the CFA Institute Professional Conduct Program?
A. By laws
B. Rules of Procedure
C. Board of Governors
Moon company paid cash dividends during the year. What is the most likely effect of this transaction on the statement of cash flows?
A cash outflow in cash flow from operations.
B. A cash outflow in cash flow from financing activities.
C. A cash outflow in cash flow from investing activities.
A bond has a 10-year maturity, a $1,000 face value, and a 7% coupon rate. If the market requires a yield of 8% on the bond, it will most likely trade at a:
A. discount.
B. premium
C. Discount or premium,depending on its duration.