题目内容

Which of the following transaction is the most appropriate strategy for a fixed income portfolio manager under the anticipation of an economic expansion?

A. Enterapay-fixed,receive-floatingrateswap.
B. Sellcorporatebondsandbuytreasurybonds.
C. Buycorporatebondsandselltreasurybonds.

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An analyst gathered the following data for three profitable companies operating in the same industry:Company Deferred Tax Assets Deferred Tax Liabilities1 $300,000 $400,0002 $85,000 $50

A. Company 1
B. Company 2
Company 3

Which real estate valuation approach is most likely to require specific information about an investor to estimate the value of a property?

A. Incomeapproach
B. Salescomparisonapproach
C. Discountedafter-taxcashflowapproach

Which of the following statements about the effects of interest rate volatility on value of bonds with embedded options is least accurate?

Asyieldvolatilityincreases,thevalueofaputablebondncreases.
B. Aputablebondsvalueisitsstraightbondvalueplusthevalueoftheembeddedputoption.
C. Acallablebondsvalueisitsstraightbondvalueplusthevalueoftheembeddedcalloption.

In securities exchange markets, a member who executes stop loss or stop buy orders when the specified price occurs is most likely a:

A. Floorbroker
B. Marketmaker
C. Registeredtrader

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