题目内容

Relative to an investor with a steeper indifference curve, the optimal portfolio for an investor with a flatter indifference curve will most likely have:

A lower level of risk and return.
B. A higher level of risk and return.
C. The same level of risk and return.

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Which of the following statements is least likely an advantage of investing in hedge funds through a fund of funds? Funds of funds provide:

An increase in expected return through diversification.
B. Expertise in selecting funds and conducting due diligence.
C. Access to successful funds that may otherwise be closed to new investors.

Regarding a companys production function, both labor costs and capital costs are best described as:

A. Fixed in the long run.
B. Variable in the long run
C. Variable in the short run

Preeta Singh, a CFA Candidate, is an asset manager employed by a fund management company managing very large segregated pension funds. In her spare time outside of working hours, Singh likes to provid

A. No.
B. Yes,with regard to loyalty.
C. Yes,with regard to additional compensation arrangements.

Assuming no short selling, diversification benefit is most likely to occur when the correlations among the securities contained in the portfolio are:

A. Equal to positive one
B. Less than positive one
C. Greater than positive one

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