The Standards of Practice Handbook is least likely to require a member of members firm to disclose which of the following to clients and prospective clients？
A. Market-making activities.
B. Service on a publicly traded companys board of directors.
C. Obligation to abide by CFA Institute Code of Ethics and Standards of Professional Conduct.
查看答案
An analyst does research about technologically efficient and economically efficient. A method of production is economically efficient when:
A. It uses the most up-to-date technology.
B. The cost of human capital is as low as possible.
C. The cost of producing a given output is as low as possible.
With respect to the security market line, if two risky assets have the same covariance with the market portfolio but have different estimated rates of return, the most accurate conclusion is that the
A. Different amount of systematic risk,and both assets are properly values.
B. Different amounts of systematic risk,and at least one of the assets is either overvalued or undervalued.
C. The same amount of systematic risk,and at least one of the assets is either overvalued or undervalued
An analyst is investigating the security market line （SML）. Given no major changes in asset risk characteristics, which of the following changes is most likely to be associated with an increase in the
An increase in inflation expectations.
B. A decrease in the yield spread between A-rated and B-rated bonds.
C. An increase in the yield spread between A-rated and B-rated bonds.
If interest rate falls, which of the following statements is true？
A. Callable bonds price rises more slowly than that of a noncallable but otherwise identical bond.
B. Value of call option embedded in the callable bond falls.
Callable bonds price rises faster than that of a noncallable but otherwise identical bond.
微信支付 
支付宝支付