题目内容

Business risk is best described as resulting from the combined effects of a firms:

A. Financial risk and sales risk.
B. Sales risk and operating risk.
C. Operating risk and financial risk.

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Faye Harlan, CFA, is estimating the cost of common equity for Cyrene Corporation. She prepares the following data for Cyrene:
·Price per share = $50.
·Expected dividend per shareFaye Harlan, CFA, is estimating the cost of common equity for Cyrene Corporation. She prepares the following data for Cyrene:
·Price per share = $50.
·Expected dividend per share

A. Dividend discount model approach.
B. Capital asset pricing model approach.
C. Bond yield plus risk premium approach.

Which of the following statements about the univariate, multivariate, and standard normal distributions is least accurate?

A univariate distribution describes a single random variable.
B. A multivariate distribution specifies the probabilities for a group of related random variables.
C. The standard normal random variable,denoted Z,has mean equal to one and variance equal to one.

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

A. Continue to manage his familys account but treat it like his other client accounts.
B. Discontinue management of his familys account and arrange for the account to be transferred to another firm.
C. Discontinue management of his familys account and arrange for the account to be transferred to another investment manager in his firm.

Which of these is best classified as a forward commitment?

A swap agreement
B. A convertible bond
C. A mortgage-backed security

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