题目内容

Which of the following most likely trades in the secondary markets?

A. Open-end funds
B. Closed-end funds
C. Unit investment trusts

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Consider a $100 par value bond with a 7% coupon paid annually and 5 years to maturity. At a discount rate of 6.5%, the value of the bond today is $102.08. One day later, the discount rate rises to 7.5

A. Increases then decreases
B. Decreases then increases
C. Decreases then remains unchanged

Financial risk is most likely affected by:

A. dividends
B. long-term leases
C. General and administrative costs

Which of the following statements regarding biases in hedge fund performance in hedge fund databases is least likely correct?

A. Only hedge fund managers with good track records enter the database,creating a positive bias.
B. The correlations between asset class returns are artificially low when underlying assets trade infrequently.
C. Hedge fund database administrators decide which funds to include in the database to overcome self-selection bias.

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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