Portfolio Management and Wealth Planning【Reading 18】
Which of the following regarding the formulation of capital market expectations is least accurate? An analyst should: A)
| consider the investor’s tax status, allowable asset classes, and time horizon. |
| B)
| vary their assumptions when interpreting data and drawing conclusions. |
| C)
| investigate assets’ historical performance and their determinants. |
|
In the fifth step of the formulation of capital market expectations, the analyst should use a consistent set of assumptions when interpreting data and drawing conclusions. |