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CFA一级考试模拟题。CFA一级 经济学
Markets for produced goods that are primarily sold to customersare best described as:
A. capital markets.
B. intermediate goods markets.
C. services and finished markets.
Solution:C
Markets for produced goods such as cars, clothing, and liquor thatare sold primarily to customers are considered as finished and servicesmarkets.
CFA一级 固定收益
Which of the following statement about bond';s indenture is mostcorrect?
A. It containsits covenants.
B. It is thesame as a debenture.
C. It relatesonly to its interest and principal payments.
Solution: A
Anindenture is the contract between the company and its bondholders and containsthe bond';s covenants.
CFA一级 企业理财
With regard to the most appropriatetreatment of cash flows in capital budgeting,which of the following is correct?
A. A project is evaluated using its incrementalcash flows on an after-tax basis.
B. Interest costs are included in theproject';s cash flows to reflect financing costs.
C. Sunk costs and externalities should notbe included in the cash flow estimates.
Solution: A
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