When an investigator wants to test whether a particular parameter is larger than a specific value, the null and alternative hypothesis are best defined as:
A. H0:θ=θ0 versus Ha:θ≠θ0
B. H0:θ≤θ0 versus Ha:θ>θ0
C. H0:θ≥θ0 versus Ha:θ<θ0
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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
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.