Question 116
The price specified in forward contracts on coupon-bearing bonds is typically stated as a:
A) yield to maturity as of the settlement date, including accrued interest.
B) percent of par as of the settlement date, excluding accrued interest. C) yield to maturity as of the settlement date, excluding accrued interest. D) percent of par as of the settlement date, including accrued interest. Question 117
Fully Vested, a closely held clothing company, is looking to sell an equity stake in its company. Which of the following will least likely affect the value of the equity stake?
A) Company structure.
B) Legal jurisdiction. C) Ability of equity stakeholder to influence corporate decisions. D) Credit risk. Question 118
The total return on a collateralized commodity futures position is equal to the return on a:
A) short futures position plus the interest income earned on Treasury bills.
B) long futures position plus the interest earned on Treasury bills. C) long futures position minus the increase in spot prices of the commodity. D) long futures position plus the interest income earned on Treasury bills minus the increase in spot prices of the commodity.
Question 119
In the sales comparison approach to valuing real estate, the value of a property:
A) is based on its net operating income.
B) depends on the investor’s marginal tax rate. C) is the value of the land plus the replacement cost of any improvements. D) is based on recent transaction prices of similar properties.
Question 120
Which of the following is least likely considered a benefit of the fund-of-funds hedge fund structure?
A) The fund-of-funds manager has the expertise needed to evaluate and conduct due diligence on individual hedge funds.
B) An investor can gain diversification through exposure to different hedge fund strategies. C) Similar to index funds, a fund of funds charges investors lower fees than individual hedge funds. D) A fund of funds may have access to hedge funds that are closed to new investors.
[此贴子已经被作者于2008-11-8 15:30:49编辑过] | 
发表于 2008-5-26 14:01
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