2023年湖南金融英语考试考前冲刺卷.docx

《2023年湖南金融英语考试考前冲刺卷.docx》由会员分享，可在线阅读，更多相关《2023年湖南金融英语考试考前冲刺卷.docx（10页珍藏版）》请在淘文阁 - 分享文档赚钱的网站上搜索。

1、2023年湖南金融英语考试考前冲刺卷本卷共分为1大题28小题，作答时间为180分钟，总分100分，60分及格。一、单项选择题（共28题，每题2分。每题的备选项中，只有一个最符合题意） 1.For a given bond, the duration is 8 and the convexity is 50. For a 60 basis point decrease in yield, what is the approximate percentage price change of the bond（）A. 2.52%.B. 4.98%.C. 4.62%.2.Which of the fo

2、llowing is an example of a parameter（）A. Population variance.B. Sample standard deviation.C. Sample mean.3.Which of the following is least likely to be a form of real estate investment（）A. Leveraged equity position.B. Outright or fee-simple ownership.C. Property insurance.4.Compared to European call

3、 options on an asset with no cash flows, an American call option:（）A. will have a lower, lower bound on its price.B. will have the same lower bound on its price.C. will have a higher, lower bound on its price.5.A major brokerage house is currently selling an investment product that offers an 8 perce

4、nt rate of return, compounded monthly. Based on this information, it follows that this investment has:（）A. a stated rate of 0.830%.B. an effective annual rate of 8.00%.C. aperiodic interest rate of 0.667%.6.Project C is similar in risk to a company in their same industry that has an average leverage

5、d beta of 1.2. If Conover uses a pure play method to evaluate project C, what is the appropriate cost of equity capital for the project（）A. 12.2%.B. 10.3%.C. 11.2%.7.Most deliverable futures contracts are settled by:（）A. a cash payment at expiration.B. an offsetting trade.C. delivery of the asset at

6、 contract expiration.8.What is the Cost of Goods Sold using the FIFO MethodAA. $2772. 10.BB. $8325.00.CC. $2918.00. 9.If Heritage Companys current dividend per share is $1.00, its current market price is $ 25, and its growth rate is 8 percent, what is the implied rate of return on the companys stock

7、AA. 8.0%.BB. 12.0%.CC. 12.3%. 10.When the underlying assumption of zero transactions costs is relaxed, the CAPM produces:（）A. a capital market line that is no longer straight.B. several different security market lines.C. a band of returns instead of a security market line.11.If the consumer price in

8、dex is 252 this year compared with 240 last year, the rate of inflation for the year is closest to:（）A. 4.76%.B. 4.88%.C. 5.00%.12.Generally, if there is unanticipated inflation in the economy:（）A. lenders benefit and borrowers lose.B. borrowers benefit and lenders lose.C. both borrowers and lenders

9、 benefit.13.Using the following spot rates for pricing the bond, what is the present value of a three-year security that pays a fixed annual coupon of 6% Year 1: 5.0% Year 2: 5.5% Year 3: 6.0%（）A. 100.10.B. 95.07.C. 100.00.14.Compared to using a fixed-rule monetary policy, using a feedback rule mone

10、tary policy:（）A. will stabilize aggregate demand.B. will reduce inflationary cycles.C. may make economic cycles more severe.15.If no other estimator of a given parameter has a sampling distribution with a smaller variance, the estimator used is best characterized as:（）A. accurate.B. consistent.C. ef

11、ficient.16.When potential real GDP is less than actual real GDP, the economy is most likely experiencing:（）A. recession.B. stagflation.C. inflation.17.A 10% , 10-year bond is sold to yield 8%. One year passes, and interest rates remained unchanged (8%). Holding all other factors constant, the bonds

12、price during this period:（）A. will have increased.B. will have decreased.C. will have remained constant.18.Normal Corp. has a current ratio above 1 and a quick ratio is less than 1. Which of the following actions will increase the current ratio and decrease the quick ratio Normal Corp.:（）A. buys fix

13、ed assets on credit.B. uses cash to purchase inventory.C. pays off accounts payable from cash.19.Basic accounting assumptions include the following except _. (a)going concern. (b)monetary unit. (c)consistency. (d)business entity. 20.An accrued expense can best be described as an amount _. (a)paid an

14、d currently matched with earnings. (b)paid and not currently matched with earnings. (c)not paid but currently matched with earnings. (d)None of the above. 21.If market interest rates rise, the price of a callable bond, compared to an otherwise identical option-free bond, will most likely: ()AIncreas

15、e by less than the option-free bond.BDecrease by less than the option-free bond.CDecrease by more than the option-free bond.DDecrease by the same amount as the option-free bond. 22.Economic growth is measured by a positive change in which of the following () AThe money supply.BThe Producer Price Ind

16、ex.CThe Gross Domestic Product.DThe balance of payments. 23.Five years ago, the DCA Corporation issued 20-year bonds with a coupon rate of 12%. If the investors required rate of return (IRR) on these bonds is currently 9%, the bonds will be priced: () ABelow par.BAbove par.CAbove and below par.D At

17、par.EAs perpetuity. 24.Which of the following is NOT true ()AIf interest rates rise, it is good for bondholders.BThe Fed just cut interest ratesCFor a straight bond, the coupon rate goes up as interest rates drop.DInflation leads to lower bond prices.EThe more compounding periods, the higher the amo

18、unt of interest you must pay if you are the issuer of a bond. 25.Karen, CFA, is the investment manager of a corporate pension plan. Under ERISA, she owes her fiduciary duty to: ()AThe plan sponsor.BThe firms shareholders.CThe plan participants and beneficiaries.DNone of the above. 26.Which of the fo

19、llowing statements concerning the AIMR Performance Presentation Standards about the calculation of composite returns is true ()AAsset weighting within composites is not required using beginning of period weights.B Portfolios no longer under management should be included in historical composites.CMod

20、el results may be presented if they conform to the portfolios investment strategy and objectives.DAll of the above. 27.When calculating the risk premium for equity market using historical returns, which of the following is most accurate ()AGeometric mean returns should be used because they are more applicable to multi-period time horizons.BGeometric mean returns should be used because they are more applicable to single time horizons.CArithmetic mean returns should be used because they are more applicable to single time horizons. 28.