If a bonds issuer is required to retire a specified portion of the issue each year, the bond most likely:
A. Is callable.
B. Is a step-up note.
C. Has a sinking fund provision.
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Victoria Christchurch, CFA, is a management consultant currently working with a financial services firm interested in curtailing its high staff turnover, particularly amongst CFA charter-holders. In r
A. Implement a whistle-blowing policy
B. Encourage staff retention with increased benefits
Create,implement and monitor a corporate code of ethics
According to the International Accounting Standards Boards Conceptual Framework for Financial Reporting, the two fundamental qualitative characteristics that make financial information useful are best
A. Timeliness and accrual accounting
B. understandability and verifiability
C. Relevance and faithful representation
During a period of rising inventory costs, a company decides to change its inventory method from FIFO to the weighted average cost method. Which of the following financial ratios will most likely incr
A. Current
B. Debt-to-equity
C. Number of days in inventory
Jack Steyn, CFA, recently became the head of the trading desk at a large investment management firm that specializes in domestic equities. While reviewing the firms trading operations, he notices clie
A. Equity research reports
B. Investment conference attendance
C. Database services for offshore investments