A portfolio of option-free bonds is least likely to be exposed to:
A. Volatility risk
B. Interest rate risk
C. Reinvestment risk
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An analyst suspects that a particular companys financial statements may require adjustment because the company uses throughput agreements. The most likely effect of the appropriate adjustments on the
A. Increase Increase
B. Decrease Increase
C. Increase Decrease
While at a bar in the financial district after work, Ellen Miffitt, CFA overhears several employees of a competitor discuss how they will manipulate down the price of a thinly traded micro cap stocks
A. Market Manipulation
B. Preservation of Confidentiality
C. Material Non Public Information
The tools used by the U.S. Federal Reserve system (the Fed) to implement monetary policy most likely include:
A. Transfer payments
B. Open market operations.
C. Raising or lowering income taxes
A fund that calculates net asset value by subtracting liabilities from assets and dividing the result by a fixed number of shares is most likely:
A hedge fund.
B. An open-end mutual fund.
C. A closed-end mutual fund.