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Note: All questions come directly from CFA TestBank Software. See why many questions have more than 4 answer choices.
05/16/2008

Question:
Which of the following is not a leakage that will dampen the effect of the multiplier?
 
a) domestic spending
b) imports
c) savings
d) taxes

05/15/2008

Question:
The denominator of the days payables outstanding ratio consists of
 
a) average daily cost of goods sold
b) average trade accounts payable
c) average current liabilities
d) average daily sales

05/14/2008

Question:
What is the payoff structure of a credit spread option with the following characteristics: $10 million notional amount; risk factor of 5.3; exercise spread is 140 basis points; and the realized spread is 165 basis points?
 
a) $79,500
b) $15,000
c) None of these answers
d) $165,000
e) $132,500

05/13/2008

Question:
The change in the price of the call is 0.01 and the change in the price of the underlying stock is 0.75. What is the delta of the call option?
 
a) None of these answers
b) 0.913
c) 0.0733
d) 0.5
e) 0.933