题目内容

Capital provided for companies beginning operation but before commercial manufacturing and sales have occurred best describes which stage in venture capital investing?

A. Seed-stage
B. Early-stage
C. Later-stage

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Under IFRS, which of the following is most likely one of the fundamental principles underlying the preparation of financial statements?

A. Reliability
B. Consistency
C. Understandability

Over the past four years, a portfolio experienced returns of -8%, 4% 17% and -12%. The geometric mean return of the portfolio over the four year period is closest to:

A. ﹣0.37%
B. 0.25%
C. 8.99%

The primary motivation for creating a collateralized mortgage obligation (CMO) is best described as the desire to redistribute which risk of investment in residential mortgages?

A. Default risk.
B. Liquidity risk.
C. Prepayment risk.

The probability of event A is 40%. The probability of event B is 60%. The joint probability of AB is 40%. The probability that A or B occurs or both occur is closest to:

A. 40%.
B. 60%.
C. 84%.

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