题目内容

Sisse Brimberg, CFA is responsible for performance presentations at her investment firm. The presentation that Sisse uses states her firm:
1) deducts all fees and taxes;
2) uses actual and simSisse Brimberg, CFA is responsible for performance presentations at her investment firm. The presentation that Sisse uses states her firm:
1) deducts all fees and taxes;
2) uses actual and sim

A gross of fee basis
B. Actual not simulated results.
C. A weighted composite for all similar portfolios

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Colin Gifford, CFA is finalizing a monthly newsletter to his clients, who are primarily individual investors. Many of the clients accounts hold the common stock of Capricorn Technologies. In the newsl

A. Separate fact from opinion
B. Include earnings estimates
C. Identify limitations of the analysis

If the volatility of returns of an underlying security increases, then:

A. Both call and put option prices increase.
Both call and put option prices decrease.
Call prices increase and put prices decrease.

One advantage of exchange traded funds relative to open-end mutual funds is:

A. They trade throughout the day.
B. They offer greater diversification.
C. They have smaller bid-ask spreads.

The real estate valuation approach that uses a perpetuity discount type model is the:

A. Cost approach.
B. Income approach.
C. Sales comparison approach.

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