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:
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An analyst observes that the historic geometric returns are 9% for equities,3% for treasury bills, and 2% for inflation. The real rate of return and risk premium for equities are closest to:
A. 5.8% and 3.7%.
B. 6.9% and 3.8%.
C. 6.9% and 5.8%.
Under IFRS, which of the following financial statement elements most accurately represents inflows of economic resources to a company?
Assets.
B. Equity.
C. Revenues.
An investor purchases 100 shares of stock at a price of $40 per share. The investor holds the stock for exactly one year and then sells the 100 shares at a price of $41.50 per share. On the date of sa
A. 3.75%.
B. 8.43%.
C. 8.75%.
According to the IFRS framework, which of the following is the least likely qualitative characteristic that makes financial information useful?
A. Materiality.
B. Comparability.
C. Understandability.