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Beth Kozniak, a CFA candidate, is an independent licensed real estate broker and a well-known property investor. She is currently brokering the sale of a commercial property on behalf of a client in f

A. No
B. Yes,she did not disclose her potential conflicts of interest to either client.
C. Yes,she profited on the real estate to the detriment of her financially stressed client.

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A U.S. institutional money manager prefers to invest in depository instruments of non-domestic equity securities that are privately placed in the U.S. and not subject to the foreign ownership and capi

A. Global registered shares.
B. Global depository receipts
C. American depository shares.

A trader who has bought a stock at $30 is concerned about a downside movement in the stock and would like to place an order that guarantees selling it at $25. Which of the following will most likely h

A. “GTC,stop 25,market sell” order
B. “GTC,stop 25,limit 25 sell” order
C. “put option buy” market order with a strike price of 25

According to International Financial Reporting Standards, which of the following conditions should be satisfied in order to report revenue on the income statement?

A. Payment has been received.
B. Costs can be reliably measured.
C. Goods have been delivered to the customer.

The greater of either zero or the present value of the exercise price minus the underlying price is most likely the lower bound on the price of a(n):

A. European put option.
B. American put option.
C. American call option

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