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2. Ordinal Scales (Assigned to a category) 3. Interval Scales (Relative ranking) 4. Ratio Scales (Equal differences between scale values) NOIR When do we use geometric and arithmetic means to analyze investment returns? - correct answer Arithmetic Mean: To estimate next year's return Geometr...

Price change based on convexity correct answer - -duration(change in yield)+1/2(convexity)(change in yield)^2 Effective Duration correct answer - Required if a bond has embedded options: [(v-)-(v+)]/[2V0(change in curve)] Modified Duration correct answer - [(v-)-(v+)]/[2V0(change in yield)] ...

Current Ratio -correct answer Current Assets divided by current liabilities Quick Ratio -correct answer Cash plus marketable securities plus receivables divided by current liabilities Cash Ratio -correct answer Cash plus marketable securities divided by current liabilities Defensive Inte...

FCFF (using EBITDA) - correct answer FCFF = EBIDTA(1-T) + DEP(T) - Finv - Winv Converting FIFO to LIFO COGS - correct answer FIFO COGS = LIFO COGS - (End LIFO Reserve - Beg LIFO reserve) Engle- Granger Test - correct answer Test whether 2 variables are cointegrated. Regress 1 data series again...

The feature of a well-functioning investment industry that gives investors the ability to quickly buy and sell a significant amount of an investment without having a material impact on the price is described as: A liquidity B competitive markets C risk transfer - correct answer A According t...

Default Risk - correct answer.Risk that a borrower will not make promised payments Liquidity Risk - correct answer.Risk of recieving less than fair value for an investment if it must be sold for cash quickly Required Interest Rate on A Security - correct answer.= Nominal Interest Rate + Defau...

if you were fired from a previous job and fail to tell your new employer is that a violation and if so of what? - correct answer yes, misconduct. this information could potentially harm your new employer and he needs to know man! degress of price discrimination - correct answer 1st degree-- know ...