Bloomberg

Corporate bond issuers go bankrupt more frequently than governments, as they do not have a tax base to fall back on in hard times

what does it mean when a company's corporate spread tightens?

what are the three main transmission mechanisms by which the yield curve affects the economy?

What is the 10-year to 3-month term premium of the following yield curve?

The purchase of which of the following products is most affected by interest rates?

What is the primary driver of the left-hand end of the yield curve?

Which of the graphs most clearly represents investors predicting a downturn in the economy?

The two yield curves in the chart are from September 10, 2001 (yellow line) and from October 10, 2001 (green line). What do you think the Federal Reserve did with interest rates in the month following the attacks of September 11, 2001

Look at the below yield curve inversion chart. What is most likely to happen as a result of the most recent yield curve inversion shown?

Why do companies do IPOs?

Why do companies manager-owners smile when they rind the stock exchange bell at their IPOs?

The Dow Jones Industrial Average index has an unusual weighting methodology. Unlike the S&P 500, it is weighted by share price. Here are 20 of the 30 members of the Dow Jones on March 20, 2019. If all the shares went up by 5%, which share on the screen shown would have the biggest contribution to an upward movement in the index?

In 1999, James Glassman and Kevin Hassett published a book called "Dow 36,000". At the time, the Dow Jones Industrial Average Index was just under 12,000. Which of the following is a potential substitute for the book title?

Here is a chart of the index value for the S&P 500 and the United Kingdom's main equity index, the FTSE 100, from the end of 2008 to early 2015. The labels have been removed. One index has clearly outperformed the other. Over this period, there was a technology boom and an oil crash. Here are pie charts showing the early 2015 index compositions by industry for both the S&P 500 and the FTSE 100. Which index outperformed?

What is the prime reason that Jenny's discretionary income is more volatile than her salary?

A luxury cell phone maker has a high fixed-cost base and a lot of debt. Which stakeholder in the company would you rather be?

The S&P 500 stood at 1848 at the end of 2013. According to the chart, what would the approximate return be on the S&P 500 from the trough of March of 2009 to the end of 2013, ignoring dividends?

Assume that an investor in the S&P 500 reinvests his dividends. According to the chart, what approximate return would this investor have reaped from the early 2009 trough to the endpoint of the chart?

Why are equities volatile?

which of the following statements is true?

Company A pays a dividend of 2%. Company B's stock price increases by 1% plus the inflation rate every year. Company C pays 3% dividends, and its stock price decreases every year by 2%. Company D pays 0% dividends, and its stock price does not increase year over year. If the companies are otherwise identical, which would you invest in?

You buy the stock of four consumer goods companies in March 2014 and hold them for five years until March 2019. Here are the TRA charts from Bloomberg for all four stocks. The "Buy Price" in the top left-hand corner is the price you paid for each stock. The price of the stock in March 2019 is noted in the chart's legend. The legend also states the Dividend Adjusted Value of the stock in March 2019, which is the value of the stock including reinvested dividends over the holding period. For which stock did the bull of the total return come from dividends?

What does the release of earnings announcements have in common with the release of economic indicators?

The number at the bottom right of each supplier's box shows the portion of Boeing's total costs in the last year that went to that supplier. The number at the bottom right of each customer's box shows the portion of the customer's capital expenditure (money spent on high value purchases) in the last year that went to Boeing. What is the capital expenditure (CAPEX) for Boeing's largest airline customer?

Which company is most exposed to the ups and downs of the aircraft engine industry?

Engines are the most expensive, heavy component on an aircraft and are designed with detailed specifications. Which of the following would likely be the best theme for a Rolls-Royce analyst research note to help a portfolio manager decide between investing in Rolls-Royce or United Technologies?

You are an analyst for a home-building company tasked with creating a financial model of home-building trends. Which of the following factors should your model address?

Here is a table from Bloomberg intelligence aluminum dashboard which shows the different end-users of aluminum in China. Which of the following Bloomberg headlines would be of most interest to an aluminum trader in China?

When an analyst is looking at a company for the first time, which of the following four activities does he do first?

Below is a table for the steel producers Dashboard, which shows the sources of demand for steel products globally. Given the data, which of the following would be of most interest to prospective investors in steel?

Masco is a consumer discretionary company that focuses on home improvement products. Here is a breakdown of the revenue concentration by industry. Which of the following headlines would be of the most interest to potential investors?

Company X was expected to have earnings per share of $0.52 for the upcoming quarter. On the day of the results, the company reported earnings per share of $0.83. What happened to the share price when the stock market opened?

Which company is worth less, Coca-Cola or Pepsi?

Widget Co has a market capitalization of $125M. It does a 5-for-1 stock split. It does a 1-for-25 reverse stock split. Finally, it does a 35-for-1 stock split. Nothing else changes. What's the new market cap?

What input do both absolute valuation and relative valuation typically require

Which of the following is most likely to be the most challenging part of this first step of the absolute valuation process?

What is a reason one discounts future cash flows as part of the absolute valuation process?

what role does beta play in absolute valuation?

Here is the capital structure of Microsoft. What part of the $117.67 share price (to the nearest dollar) is represented by cash?

How is enterprise value calculated?

Which of the following stocks is LEAST sensitive to the movement of the overall stock market?

The importance of cash flows in the absolute valuation process is most similar to which of the following?

Here is the WACC function for U.S. drug company Merck. The WACC calculation has been hidden. What is the WACC?

A rise in which of the following inputs will increase an absolute valuation?

On the chart below, if the earnings per share grew from 7.61 on December 31, 2018, to 7.82 on June 30, 2019, what would the implied earnings yield be?

At its peak at the end of 1999, Microsoft had a market cap of $600B. PC sales were booming and most PCs ran on Microsoft software. Revenue was growing 30% per year. The P/E ratio peaked at nearly 80.0x in 1999. Looking at this chart, what happened in the subsequent 15 years?

what are the possible weaknesses of this peer approach to valuation?

What may be a problem of comparing the P/E of a stock to the PE of the overall market?

Here is a chart of the Nasdaq Composite, the world's main technology index. It peaked in the dotcom bubble on March 10, 2000. The P/E....

The World Equity Index function shown contains two valuation metrics for the S&P 500. The Verizon description page contains the same two valuation metrics. How does Verizon's valuation compare to that of the S&P 500?

If the earnings per share of a company is $3.85 and the earnings yield is 2.5%, what is the price per share?

This chart shows a scatterplot with the x-axis being the estimated sales growth and the y-axis being the estimated P/E multiple. Given this data alone, which of the following companies may warrant further analysis by a portfolio manager looking to buy an insurance company for her portfolio?