An accounting document that records transactions in the order in which they occur is best described as a:
A. Trial balance.
B. General ledger.
C. General journal.
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Equity return series are best described as, for the most part:
A. platykurtotic(less peaked than a normal distribution).
B. leptokurtotic(more peaked than a normal distribution).
C. mesokurtotic(identical to the normal distribution in peakedness).
Thomas Turkman recently hired Georgia Viggen, CFA, as a portfolio manager for North South Bank. Although Viggen worked many years for a competitor, West Star Bank, the move was straightforward because
A. clients.
B. The analyst.
C. Trading software.
Which attributes would a private equity firm most likely consider when deciding if a company is particularly attractive as a leveraged buyout target?
A. Sustainable cash flow
B. Efficiently managed companies
C. Market value exceeds intrinsic value
U.S. farmers have become concerned that the future supply of wheat production will exceed demand. Any hedging activity to sell forward would most likely protect against which market condition?
A. Contango
B. Full carry
C. Backwardation