题目内容

A cyclical companys size increases hugely in the recent years and has fluctuant earning every year. Which method is least likely to use to calculate this companys earning to formulate P/E ratio?

Averagehistoricalearningswhichdoesntconsidercyclicalearnings.
B. AverageROEwhichdoesntconsidercyclicalearnings.
C. Averagehistoricalearningswhichdoesntconsidercompanyssizechange.

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For a company with increasing capital expenditures, which of the following descriptions on the impact of using the straight line or accelerated depreciation methods on financial statements is (are) tr

A. Ⅰ and Ⅲ only.
B. Ⅰ,Ⅱ and Ⅲ only.
C. Ⅰ,Ⅱ and IV only.

An analyst does research about characteristics of various funds. All other factors being equal, a substantial difference between the market price of a fund and the net asset value of that fund is most

A. open-endfund
B. closed-endfund
C. Exchangetradedfund(ETF)

On the minimum-variance frontier, which of the following portfolios has the lowest standard deviation:

A. Theoptimalriskyportfolio.
B. Theglobalminimum-varianceportfolio
C. Unattainableportfolios.

Assuming past investments are stable and earnings are calculated to allow for maintenance of past earnings power, the firms expected dividend growth rate can be estimated by its:

A. Pricetoearningsratio(P/E).
B. Defaultriskpremium.
C. Sustainablegrowthrate.

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