Which of the following is the least appropriate method for an external analyst to estimate a companys target capital structure for determining WACC? Using the:
Averages of comparable companies capital structure.
B. companys current capital structure,at book value weights.
C. Statements made by the companys management regarding capital structure policy.
查看答案
When Abdullah Younis, CFA, was hired as a portfolio manager at an asset management firm two years ago, he was told he could allocate his work hours as he saw fit. At that time, Younis served on the bo
A. Board activities
B. Family investment pool management
C. Non-family member management fees
An investor is long an in-the-money American call option on a dividend paying stock. Would this option most likely ever be exercised early?
A. No.
B. Yes,if its time value is high enough.
C. Yes,if it pays a high enough dividend.
If a bonds issuer is required to retire a specified portion of the issue each year, the bond most likely:
A. Is callable.
B. Is a step-up note.
C. Has a sinking fund provision.
Victoria Christchurch, CFA, is a management consultant currently working with a financial services firm interested in curtailing its high staff turnover, particularly amongst CFA charter-holders. In r
A. Implement a whistle-blowing policy
B. Encourage staff retention with increased benefits
Create,implement and monitor a corporate code of ethics