To protect shareholders long-term interests, the most appropriate characteristic for a board of directors is that:
A. The board meets regularly with management present.
B. The majority of board members are not firm executives.
C. Board members represent firm suppliers,customers,or pension advisers.
查看答案
Compared to the underlying MBS, a collateralized mortgage obligation (CMO):
A. Has lower duration.
B. May have more or less prepayment risk.
C. Allows an investor to select an exact maturity.
If the government regulates a natural monopoly and enforces an average cost pricing, what are the effects on output quantity and price compared to an unregulated natural monopoly?
A. Both are lower under average cost pricing.
Both are higher under average cost pricing.
C. One is higher and one is lower under average cost pricing.
Which portion of an investment policy statement is most likely to state any restriction on portfolio leverage?
A. Procedures.
B. Investment guidelines.
C. Duties and responsibilities.
Zhou Lun, CFA, is an equity analyst who recently prepared a full report on BMM Corporation. The report included financial projections developed by Zhou Lun and information gathered from a third-party
A. No.
B. Yes,because the report relied on third-party research.
C. Yes,because the report was not properly disseminated.