John Harris has passed Level I of the CFA exam. Although he registered for the Level II exam, he failed to sit for the exam due to a business emergency. John plans to re-register for the exam. Accordi
A. State that he has passed Level I of the exam.
B. Refer to himself as a candidate in the CFA program.
C. Refer to himself as a CFA I.
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Which of the following is the most appropriate technique for forecasting cash flow for the short term?
A. Simple projections
B. Statistical models
C. Projection models and averages
William Wong, CFA, is an equity analyst with Hayswick Securities. Based on his fundamental analysis, Wong concludes that the stock of a company he follows, Nolvec Inc., is substantially undervalued an
A. Duty to clients.
B. Reasonable basis.
C. Duty to his employer.
All of the following are characteristics of a well functioning securities market except:
A. Internal information efficiency which can lead to variable transaction costs.
B. It would provide timely and accurate information and transaction data.
C. It would provide liquidity(marketability,price continuity,and depth).
Wang Gang, CFA, is a bank industry research analyst for a large broker and dealer firm. He is attending a company presentation for Mellon Bank with a small group of analysts from other companies. A co
A. Must refrain from discussing the information with anyone else.
B. May act on this information as it is no longer material,non-public information when public.
C. Should encourage the company that issued the information to make it public as soon as possible.