1. The total assets of a fund are 4.5 billion yuan, the total liabilities are 3 billion yuan, and the number of outstanding fund shares is 5 billion, then the net value of the fund's fund share is ( ) yuan.
A.0.3
B.1.15
C.1.45
D.2.45
[Question Dog APP Answer]: A
[Analysis]:
Fund net asset value = Fund assets - Fund liabilities, Fund share net value = Fund net asset value Total fund shares = (45 -30)50=0.3 (yuan).
2. The calculation formula of replacement cost method is ( ).
Ⅰ. Asset value to be appraised = full replacement price - comprehensive depreciation
Ⅱ. Asset value to be appraised = full replacement price + comprehensive value-added
Ⅲ. Asset value to be appraised = full replacement price, comprehensive newness rate
A.Ⅰ,Ⅱ
B. Ⅰ, Ⅲ
C. Ⅱ, Ⅲ
D. Ⅰ, Ⅱ, Ⅲ
[Question Dog APP Answer]: B
[Analysis]:
The calculation formula of the replacement cost method is: Asset value to be appraised = Replacement full price - Comprehensive depreciation Or the value of the asset to be appraised = the comprehensive replacement rate of the full price, so option B is correct.
3. The net assets of a company in 2016 were 10 million yuan, sales revenue was 8 million yuan, sales cost was 4 million yuan, and the profit in the next year is expected to be 5 million yuan. The estimated price-to-earnings ratio is 3, the price-to-book ratio is 3, and the market sales of The rate of is 5, and the company's value calculated using the price-to-sales ratio method is ( ) million yuan.
A.1500
B.3000
C.2400
D.4000
[Answers from Practice Dog APP]: D
[Analysis]:
Under the market-to-sales ratio method, corporate equity value = sales revenue, market-to-sales ratio = 8005 = 4000 (ten thousand yuan), so Option D is correct.
4. If the total assets of a fund are 5 billion yuan, the total liabilities are 2.5 billion yuan, and the number of outstanding fund shares is 3 billion, then the net asset value of the fund is ( ) yuan.
A.75
B.105
C.25
D.2.5
[Answers from Practice Dog APP]: C
[Analysis]:
Fund net asset value = Fund assets - Fund liabilities = 50-25 = 25 (yuan).
5. Assume that the number of three types of stocks held by a fund on a certain day are 1.5 million shares, 2.8 million shares and 3.7 million shares respectively. The closing prices per share are 32 yuan, 25 yuan and 18 yuan respectively, and the bank deposit is 10,000 Ten thousand yuan, the remuneration payable to the custodian or manager is 30 million yuan, the taxes payable are 45 million yuan, and the number of fund shares sold is 200 million, then the net value of the fund shares is ( ) yuan.
A.1.25
B.1.048
C.1.368
D.1.055
[Answers from Practice Dog APP]: B
[Analysis]:
Net value of fund shares = (Fund assets - Fund liabilities) Total fund shares
= (15032+28025+37018+ 10000-3000-450020000=1.048 (yuan).
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6. An investor invested 50,000 yuan in fund A and now received a cash dividend of 15,000 yuan. The multiple of distributed income is ( ).
A.0.2
B.0.25
C.0.5
D.0.3
[Answers to Exercise Dog APP]: D
[Analysis]:
The multiple of distributed income (DPI) = the cash dividends received by investors have been invested Capital = 1500050000 = 0.3.
7. An investor invests 10,000 yuan to subscribe for a fund. The interest generated by the subscription funds during the fundraising period is 3 yuan. The corresponding subscription rate is 1.2%. The face value of the fund share is 1 yuan. The share is ( ).
A.9 884
B.9 881.42
C.10 000
D.9 884.42
[Answer to Qianqi Dog APP]: D
[Analysis]:
net subscription amount = subscription amount (1 + subscription rate) = 10000 (1+1.2%)=9881.42 (yuan): Subscription share = (net subscription amount + subscription interest) face value of fund share = (9881.42+3)1=9884.42 (share)
8. Assume that an investor is during the fund raising period. 1 million ETFs were subscribed. The net asset value of the fund on the day of conversion of fund shares was 32 billion yuan. The total number of fund shares on the day of conversion was 31 billion yuan. The closing value of the underlying index on that day was 966.45 yuan. Then the investor’s converted shares are ( ) million copies.
A.96.4
B.96.8
C.100
D.106.8
[Answers from Practice Dog APP]: D
[Analysis]:
Conversion ratio = (net fund assets on the conversion day/total fund shares on the conversion day) (closing value of the underlying index on that day) t/1000)=(320/310)(966.45/1000)=1.068; The investor’s converted fund shares: Conversion ratio of original holding shares=100X1.068=106.8 (10,000 shares).
9. Assume that an investor redeems 1,000 fund shares on day T, with a holding period of half a year, the corresponding redemption rate is 0.5%, and the net value of fund shares on that day is 1.50 yuan, then the redemption amount obtained is ( ) Yuan.
A.1500
B.1493
C.1495
D.1492.5
[Question Dog APP Answer]: D
[Analysis]:
Total redemption amount = Redemption amount Net value of fund shares on the redemption day = 1000X1.50 = 1500 (yuan); Redemption Fee = total redemption amount Yuan. Search the
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10. In 2015, a company's paid-in capital was 10 billion yuan, capital reserve was 4 billion yuan, surplus reserve was 24 billion yuan, and undistributed profits were 6 billion yuan, then the amount that should be included in owners' equity is ( ) billion Yuan.
A.240
B.140
C.200
D.180
[Question Dog APP Answer]: A
[Analysis]:
Owner's equity includes the following 4 parts: share capital; capital reserve; surplus reserve; and undistributed profits. It can be seen from this that the amount that should be included in owners' equity = 100+40+40+60=240 (billion yuan).
11. The following statement about the current rate of return is incorrect ( ).
A. Its calculation formula is I=C/P
B. It measures the ratio of bond annual interest income to the current bond market price
C. It can reflect the annual bond interest income that can be obtained from bond investment
D. It can reflect the value of bond investment. Capital gains and losses
[Question Dog APP Answers]: D
[Analysis]:
The current yield, also known as the current yield, is the ratio of the annual interest income of a bond to the current bond market price. The current rate of return does not take into account capital gains or losses from bond investment, but is simply the ratio of the cash income received from the bond during a certain period to the bond price.
12. The net value of a fund's shares before profit distribution is 1.23 yuan. Assuming that each fund distributes 0.05 yuan, the net value of the fund's shares after profit distribution will drop to ( ) yuan.
A.1.16
B.1.18
C.1.23
D.1.28
[Question Dog APP Answer]: B
[Analysis]:
Profit distribution by the fund will lead to a decrease in the net value of the fund share. The net share value before fund profit distribution is 1.23 yuan, and each fund distributes 0.05 yuan, then the fund share net value after distribution = 1.23-0.05 = 1.18 (yuan). Search the
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13. In the cash flow statement of a company in 2015, the cash flow generated by operating activities was 20 billion yuan, the cash flow generated by investing activities was 12 billion yuan, and the cash flow generated by financing activities was 10 billion yuan, then the net cash flow is ( ) billion yuan.
A.300
B.420
C.320
D.220
[Answers on Practice Dog APP]: B
[Analysis]:
Net cash flow NCF = cash flow generated from operating activities CFO + cash flow generated from investing activities CFI + financing (also called financing) activities The cash flow CFF=200+120+100=420 (100 million yuan).
14. The 1-year and 2-year spot interest rates are s1=3% and S2=4% respectively. According to the no-arbitrage principle and the compound interest calculation method, the forward interest rate in the second year is ( ).
A.2%
B.3.5%
C.4%
D.5.01%
【Question Dog APP Answer】: D
【Analysis】:
Store 1 yuan in a 2-year account. At the end of the second year, it will increase to (1 +s2)2; Store 1 yuan in a 1-year account, and loan the income (1+s1) at a predetermined interest rate f after 1 year. The amount of currency received in the second year is (1+s1)(1+ f). According to the no-arbitrage principle, there is (1+s2)2=(1+s1)(1+f), then f=(1.04)2/1.03-1=0.0501≈5.01%.
15. The total common stock capital of a listed company is 80 million shares, and Equity Fund A owns 10 million shares. In 2016, the listed company issued 220 million shares of preferred stock, of which Fund A subscribed for 5 million shares. After the issuance of preferred shares is completed, the proportion of Fund A’s voting rights at the shareholders’ meeting of the listed company is ( ).
A.18.75%
B.12.5%
C.15%
D.10%
[Answers to Practice Question Dog APP]: B
[Analysis]:
The voting rights of ordinary shares are based on the proportion of shareholdings, and the preferred shares have no voting rights. Therefore, the proportion of voting rights of Fund A at the shareholders’ meeting of the listed company = 1000/8000 = 12.5%.
16. It is known that Company A has total annual liabilities of 2 million yuan, total assets of 5 million yuan, net intangible assets of 500,000 yuan, current assets of 2.4 million yuan, current liabilities of 1.6 million yuan, and annual interest expenses of 200,000 yuan. , the net profit is 1 million yuan, and the income tax is 300,000 yuan, then ( ).
A. The asset-liability ratio at the end of the year is 40%
B. The equity ratio of at the end of the year is 1/3
C. The annual interest coverage ratio is 6.5
D. The long-term capital liability ratio of at the end of the year is 10.76%
[Answers to Practice Question Dog APP]: A
[ Analysis]:
Asset-liability ratio = Liability assets = 200500 Pre-tax profit interest = (100+30+20)20=7.5, so option C is wrong; long-term capital liability ratio = non-current liabilities (non-current liabilities + owners’ equity) = (200-160) (200-160+300 )X100%=11.76%, so option D is wrong. Search the
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17. The standard deviation of the return rate of the securities investment portfolio P is 0.49, the standard deviation of the market return rate is 0.32, the correlation coefficient between the investment portfolio P and the market return is 0.6, then the beta coefficient of the investment portfolio is ( ) .
A.0.4
B.0.65
C.0.92
D.1. 53
【Question Dog APP Answer】:C
【Analysis】:
Beta coefficient (β) is an indicator for evaluating the systemic risk of a security or investment portfolio, reflecting the investment object Sensitivity to market changes. The beta coefficient can be calculated through the correlation coefficient
18. Given the risk-free interest rate of 5%, regarding the unit risk return of portfolios A and B, which of the following statements is correct ( ).
A portfolio: average return = 15%; standard deviation = 0.4; beta coefficient = 0.58.
B portfolio: average return = 11%; standard deviation = 0.2; beta coefficient = 0.41.
A. Compared with the Treynor ratio as a standard, portfolio B's performance is better
B. Compared with beta coefficient as a standard, portfolio A's performance is better
C. Compared with Sharpe ratio as a standard, portfolio B's performance is better
D .The performance of investment portfolios A and B is similar.
[Answer to Practice Question Dog APP]: C
[Analysis]:
According to the Sharpe ratio formula, the Sp of portfolio A=(15%-5%)/0.4=0.25
19. Suppose an investor holds 10,000 shares of Fund A. On T day, the fund issues an announcement that it plans to distribute profits on T+2 as the ex-dividend date. Each 10 shares will be distributed in cash at 0.5 yuan. The net value of the fund's shares on T+2 is 1.635 yuan. , the net value of fund shares of the fund after ex-rights is ( ) yuan, and the investor can receive cash dividends ( ) yuan.
A.1.630; 500
B.1.135; 5000
C.1.635; 5000
D.1.585; 500
[Answers from Practice Dog APP]: D
[Analysis]:
Net value of fund shares = (1.63510000-10000100.5)10000= 1.585, the investor can share Cash dividend = 10000100.5 = 500 (yuan).
20. Assume that the investment policy of a fund stipulates that the normal investment proportions of the fund in stocks, bonds, and cash are 60%, 30%, and 10% respectively, but the actual investment proportions of the fund in stocks, bonds, and cash at the beginning of the season are 80%. %, 10%, 10%. The quarterly yields of the stock index, bond index, and bank deposit interest rate are 8%, 5%, and 3% respectively. Then, the asset allocation contribution is ( ).
A.0.6%
B.-0.6%
C.-1.6%
D.-1%
【Question Dog APP Answer】:A
【Analysis】:
TP=(80%-60%)X8%+(10%- 30%)X5%+(10%-10%)3%=0.6%.Search the
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