题目内容

Li Feng, CFA, manages accounts for high net worth clients including his own familys account. He has no beneficial ownership in his familys account. Because Li is concerned about the appearance of impr

A. Treat the account like other client accounts.
B. Arrange for the account to be transferred to another firm.
C. Transfer the account to another investment manager in his firm.

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If investors expected future incomes increase and the demand for financial capital increases, other things equal:

A. The equilibrium interest rate will rise.
B. The equilibrium interest rate will fall.
C. These two factors will have opposing effects on the equilibrium interest rate.

IFRS and U.S. GAAP are most similar in their requirements for:

A. Extraordinary items.
B. Discontinued operations.
C. Valuation of fixed assets.

In a transaction referred to as a management buyout (MBO):

A. Management sells its shares to an investor group attempting to gain control of a company.
B. Management buys a controlling interest in a public company to gain control of the board of directors.
C. An investor group that includes management buys all the shares of a company and they no longer trade on an exchange.

Which of the following ratios is a component of the original (three-part) DuPont equation?

Asset turnover.
B. Gross profit margin.
C. Debt-to-equity ratio.

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