题目内容

The most direct disadvantage of investing in a callable security relative to an otherwise identical option-free security is:

A. Increased default risk.
B. Lower interest payments.
C. Decreased price appreciation potential.

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Bryan Barrett, CFA has an investment advisory service providing advice on gold and other commodities to several large retail banks. Barrett advertises his services in widely read publications to broad

A. No.
B. Yes,related to Misrepresentation
C. Yes,related to Communication with Clients

A commodity market is in contango when futures prices are:

A. Lower than the spot price
B. Higher than the spot price.
C. The same as the spot price

A fund manager is compensated with a base management fee plus an incentive fee proportional to the funds return above a benchmark. This best describes the fee structure of:

A hedge fund.
B. A mutual fund.
C. An exchange traded fund

A financial analyst utilizing his analytical expertise and up-to-date information buys a companys stock. His close friends, who lack information or expertise, imitate the financial analysts action and

A. It improves market efficiency.
B. It is identical to representativeness.
C. It is inconsistent with rational behavior.

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