Imc Wrong Answers Flashcards
How do closed ended funds raise capital
Rights issue or borrowing
What is the accrual convention for gilt s
Actual/ actual
What type of market is the London forex
Continuous dealers market
If company x owns 15% of company y, what is it
An investment
Couple characteristics of reits
Closed ended company listed on the main market
At least 3 properties held
What is a contract for difference
Exchange difference between opening and closing price of contract
Characteristic of floating rate not e
Coupon rates directly linked to a market determined rate
VAR 95 % meaning
Max daily loss that is likely to occur 95 days out of every 100
When can residual income method be used
When cash flows are negative
Characteristics of when market and economy peaks and troughs
Stock market bottoms out before trough in real economy
Bear market takes hold usually before economy peaks
What index is Nikkei 225
Simple arithmetic index
What structure does VC trust have similar to
Investment trust
How do monetarist describe the macro economy
Supply and demand in equilibrium
What is regret avoidance
A failure to recognise a loss in the hope it is reversed
When a bond is bought at 89 and redeemed at par, what yields are there
Redemption yield is greater than interest yield
Features of etfs
Must be ucits complaints to obtain fca recognition
How is goodwill recorded by IAS
In balance sheet at cost less impairment costs
Stamp duty reserve tax
0.5% on all purchases for eligible securities
What ratio is subject to least accounting distorting
Price to cash flow
What can voting rights of ordinary shareholders not do
Demand a dividend
Relationships between BOP and real exchange rates
If real exchange rates expected to fall then BOP will rise
How does gdp growth affect currency
Currency appreciates in
What phase is additional maintenance stage and proliferation stage
Mature phase
