CFA 2019 Level 1 SchweserNotes Book Quiz Bank SS 13 Answers
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Because the critical t -statistic is greater than the calculated t -statistic, meaning that the calculated t -statistic is not in the rejection range, we fail to reject the
An increase in real interest rates can be expected to decrease business investment and decrease consumption. The impact on government spending and net exports is not
Decreasing the money supply will result in higher short-term interest rates and appreciation of the currency, but will likely cause GDP growth to decrease further in the short
With finance leases the lessee's assets, current liabilities, and long-term liabilities will be greater than if the lease was an operating lease. With the debt to equity ratio,
If the risk-free rate is 6% and the expected return on the market portfolio is 14%, the company's after-tax weighted average cost of capital is closest to
A shorter operating cycle will lead to a shorter cash conversion cycle, other things equal, which is an indication of better working capital management. Higher days inventory on
long the stock, short the put, and short a pure discount bond that pays the exercise price at option expiration... underlying asset price minus the exercise value. underlying
Put options are in the money (have positive value) at expiration if the spot price of the underlying asset is less than the exercise price, because the put option holder has the
