题目内容

Dorian Solot, CFA, is responsible for a team of research analysts at Apac Bank, located in a country with strict laws prohibiting intellectual property transfers. Solot believes the work of one of her

A. research.
B. Intellectual property.
C. Prospective client disclosure.

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Jan Loots, CFA, quit his job as a portfolio manager at an investment firm with whom he had a non-solicitation agreement he signed several years ago. Loots received permission to take his investment pe

A. Trading software.
B. non-solicitation agreement.
C. Investment performance history.

An analyst has made three observations in his worksheets about a company that he is reviewing. Which of the observations most likely reduces the quality of earnings of the company? The company:

A. Reported for the first time an asset titled "Deferred customer acquisition costs."
B. has reduced its estimate of the expected useful life of computer equipment from 8 years to 5 years.
C. Entered into long-term leases for its manufacturing equipment instead of purchasing it and recorded the leases as capital leases.

Which of the following capital budgeting techniques is most directly related to stock price?

A. Net present value
B. Profitability index
C. Discounted payback period

Belen Zapata, CFA, is the owner of Kawah Investments. Kawah promises investors returns of up to 12% per year and claims to achieve this by investing in non-investment-grade bonds and other fixed incom

A. Return of capital.
B. Promised returns.
C. Investment mandate.

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