16、Hailey Donnelly works long hours as an investment analyst and is studying for Level I of the CFA Examination. She is concerned that she is not adequately prepared for the exam. Desperate to pass, Donnelly writes several formulas on a small piece of paper which she takes into the examination room. During the exam Donnelly realizes that she does not need the formulas. Has Donnelly violated any CFA Institute Standards? Select exactly 1 answer(s) from the following:
A. No. B. Yes, with respect to fair dealing. C. Yes, with respect to duty to employer. D. Yes, with respect to responsibilities as a CFA Candidate.
17、Abigail Unger, CFA, is a portfolio manager at Cascade Investments (CI). After thoroughly researching mortgage-backed securities and checking client investment objectives for appropriateness, Unger purchases two of the bonds for several clients. Following steep declines in the mortgage-backed securities, several clients complain to CI, claiming the bonds were unsuitable investments. Has Unger violated any CFA Institute Standards? Select exactly 1 answer(s) from the following:
A. No. B. Yes, with respect to suitability. C. Yes, with respect to misconduct. D. Yes, with respect to diligence and reasonable basis.
18、A. L. Guzdar is a portfolio manager at Woodstock Investments (WI). Guzdar manages a billion-dollar hedge fund and two large mutual funds. Market declines cause significant losses for all of the accounts. Unable to find bids for certain thinly-traded stocks, Guzdar trades the stocks between the accounts to provide liquidity and pricing. Guzdar least likely violates the CFA Institute Standard relating to: Select exactly 1 answer(s) from the following:
A. Misconduct. B. Misrepresentation. C. Market Manipulation. D. Loyalty, Prudence, and Care.
19、A money manager has $1,000,000 to invest for one year. She has identified two alternative one-year certificates of deposit (CD) shown below:
| Compounding frequency | Annual interest rate | CD1 CD2 | Quarterly Continuously | 8.00% 7.95% |
Which CD has the highest effective annual rate (EAR) and how much interest will it earn? Highest EAR Interest earned A. | CD1 | $81，902 | B. | CD1 | $82，432 | C. | CD2 | $82，746 | D. | CD2 | $83，287 |
Select exactly 1 answer(s) from the following:
A. AnswerA. B. AnswerB. C. AnswerC. D. AnswerD.
20、Jorge MacDonald is shopping for a home. His budget will support a monthly payment of $1,300 on a 30-year mortgage with an annual interest rate of 7.2%. If MacDonald puts a 10% down payment on the home, the most he can pay for his new home is closest to: Select exactly 1 answer(s) from the following:
A. $189,755. B. $191,518. C. $210,840. D. $212,800.
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发表于 2008-11-6 13:56
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