题目内容

An analyst gathered the following annual data for a company:

A. Net profit margin
B. 3%
C. Total asset turnover
D. 2.5
E. Total asset to equity
F. 2.0
G. Net income for 2004
H. $ 20000000
I. Dividends paid on common stock during 2004(DO)
J. $ 4000000
K. Shares of common stock outstanding
L. 2000000
M. Required rate of return on company's common stock
N. 20%

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The stock is selling at $ 40, a 3-month put at $ 50 is selling for $11, a 3-month call at $ 50 is selling for $1, and the risk-free rate is 6 percent. How much, if anything, can be made on an arbitrage

A.

A. $ 0 (no arbitrage).

B.
B. $ 0.28.

C.
C. $ 0.72.

There is 5-year annuity of $ 3000 per year. However, the first payment will not pay until year 3. Assuming the interest rate is 10% , calculate the present value of this annuity.

A.

A. $ 8397.

B.
B. $ 9399.

C.
C. $ 10258.

Which of the following is least likely to be considered an off balance sheet debt

A.

A. Take-or-pay contract.

B.
B. Capital lease.

C.
C. Sale of receivables.

Technicians use many technical techniques in analyzing the bond market as well as the stock market. What is the major difference in technical trading rules regarding the bond market vs the stock market

A.

A. Volume is more critical.

B.
B. Very little consideration of volume.

C.
C. Moving averages are studied.

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