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.
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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.
Elbie Botha, CFA, an equity research analyst at an investment bank, disagrees with her research teams buy recommendation for a particular companys rights issue. She acknowledges the recommendation is
A. Leave her name on the report
B. Insist her name is removed from the report
C. Issue a new report based on her conclusions