题目内容

During an onsite company visit, Jane Wang, CFA. accidentally overheard the Chief Executive Officer (CEO) of Stargazer, Inc. discussing the companys tender offer to purchase Dynamica Enterprises, a ret

A. It relates to a tender offer.
B. It was overheard and might be considered unreliable.
C. She does not have a reasonable and adequate basis for taking investment action.

查看答案
更多问题

The Standards of Practice Handbook is least likely to require a member of members firm to disclose which of the following to clients and prospective clients?

A. Market-making activities.
B. Service on a publicly traded companys board of directors.
C. Obligation to abide by CFA Institute Code of Ethics and Standards of Professional Conduct.

An analyst does research about technologically efficient and economically efficient. A method of production is economically efficient when:

A. It uses the most up-to-date technology.
B. The cost of human capital is as low as possible.
C. The cost of producing a given output is as low as possible.

With respect to the security market line, if two risky assets have the same covariance with the market portfolio but have different estimated rates of return, the most accurate conclusion is that the

A. Different amount of systematic risk,and both assets are properly values.
B. Different amounts of systematic risk,and at least one of the assets is either overvalued or undervalued.
C. The same amount of systematic risk,and at least one of the assets is either overvalued or undervalued

An analyst is investigating the security market line (SML). Given no major changes in asset risk characteristics, which of the following changes is most likely to be associated with an increase in the

An increase in inflation expectations.
B. A decrease in the yield spread between A-rated and B-rated bonds.
C. An increase in the yield spread between A-rated and B-rated bonds.

答案查题题库