题目内容

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.

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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.

Ken Kawasaki, CFA shares a building with a number of other professionals who are also involved in the investment management business. Kawasaki makes arrangements with several of these professionals, i

A. No.
B. Yes,related to referral fees
C. Yes,related to communication with clients

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