The efficient market hypothesis implies that fundamental analysis:
A. Can achieve superior returns by extrapolating historical data.
B. Is inferior to technical analysis because fundamental analysis is not timely.
C. Requires the analysis to predict movements in relevant variables that affect rates of return.
查看答案
David Smith, CFA, suspects that a particular companys interest coverage ratio may be overstated compared to that of other companies in the same industry and therefore requires additional adjustment. I
A. Capital leases LIFO
B. Operating leases FIFO
C. Operating leases LIFO
Which of the following statements best describes the effect of the issuance of long-term debt on the issuing company s cash flow from financing (CFF) over the life of that debt when market rate of int
A. overstated
B. understated
C. Properly stated because the discount is amortized
An analyst notes that the footnotes to the financial statements for a lessee company indicate that the company leases a substantial portion of the facilities required for efficient operation. The pres
A. Both liabilities and assets by $50 million.
Both liabilities and assets by $30 million.
C. Liabilities by $30 million and decrease equity by $30 million.
John Harris has passed Level I of the CFA exam. Although he registered for the Level II exam, he failed to sit for the exam due to a business emergency. John plans to re-register for the exam. Accordi
A. State that he has passed Level I of the exam.
B. Refer to himself as a candidate in the CFA program.
C. Refer to himself as a CFA I.