题目内容

Which of the following statements is most accurate? For a country to gain from trade it must have:

An absolute advantage.
B. A comparative advantage.
C. Economies of scale or lower labor costs.

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Information about a companys planned capital expenditures is most likely found in the:

A. Proxy statement.
B. Notes to the financial statements.
C. Management discussion and analysis.

Which of the following performance measures most likely relies on systematic risk as opposed to total risk when calculating risk-adjusted return?

A. M-squared
B. Sharpe ratio
C. Treynor ratio

Charles Mbuwanga, a Level III CFA Candidate, is the business development manager for Sokoza Investment Group, an investment management firm with high-net-worth retail clients throughout Africa. Sokoza

A. Suitability
B. Knowledge of the Law
C. Independence and Objectivity

All else equal, the difference between the nominal spread and the Z-spread for a non-Treasury security will most likely be larger when the:

A. Yield curve is flat.
B. Yield curve is steep.
C. Security has a bullet maturity rather than an amortizing structure.

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