Securities analysts utilize a wide variety of financial formulas to support their research reports on specific stocks. Choose from the below which most appropriately measures the degree of leverage on a corporation’s balance sheet?

Advisers use the term ‘value stocks’ to refer to stocks which meet which of the following criteria?

I. Above average to high P-E ratios

II. Below average inventory turnover ratios

III. Net after-tax earnings which exceed the company’s 5-year average

IV. Stock’s CMV is at the low-end of its 52 week range

One of your long-time clients is looking to save $ 250,000 for a down payment on a retirement home 5 years from now. All of the factors shown below will be relevant in determining the lump sum that is required to be deposited now in order to achieve this objective, with the exception of:

Commodities futures differ from commodities forwards in a number of material ways.  Which of the following statements is not untrue?

When the Federal Reserve has made a policy decision to reduce the size of its balance sheet, it engages in open market selling, which will have the impact of each of these except:

Analysts and IAs often refer to the term R-square to validate their analysis and the portfolios they have built for certain of their clients. The term most often refers to:

Many IAs take a retainer at the signing of the contract with a new client. Under what circumstances will the retainer constitute custody as that term is defined in the Investment Advisors Act of 1940 as amended?

Which of the following statements about the Capital Asset Pricing Model is accurate?

I. It helps determine the expected return of an investment based upon its risk compared to the market overall

II. It utilizes the Beta and the theoretical ‘risk-free return’ in the computation

III. It can be used to predict future stock price movements

GHI common stock was purchased at $ 180/share and in the past 12 months has paid a dividend of $ 5.00 per share.  The stock is then sold at $ 185.  The holding period return is closest to which of these?

A 7.5% corporate debenture which 10 years left until maturity is trading in the bond market at a 6.50 basis when prevailing rates on similarly rated debt with similar maturities are running on average at a 6.40 basis.