老师，第四题没看懂翻译是啥意思

Which of the following statements clearly conflicts with the recommended procedures for compliance presented in the CFA Institute Standards of Practice Handbook? A Firms should disclose to clients the personal investing policies and procedures established for their employees. B Prior approval must be obtained for the personal investment transactions of all employees. C For confidentiality reasons, personal transactions and holdings should not be reported to employers unless mandated by regulatory organizations. 老师，您好，麻烦把这道题给讲解下，看不懂且不明白

第三个分录没看明白

老师讲1+HPR是本利和我不太懂呢，还有最后的减去1 不理解呢

这个题选B是因为折价债券久期是先上升后下降么？而不是随着时间的上升而上升？

老师 好。原版书上题目中几次出现这个词组 provision for income taxes 和 income tax provision ,我猜测有所得税费用的意思。不知该怎么准确翻译解释它的意思。谢谢

An ethical decision-making framework will most likely: A。Include a pre-determined, uniform sequence. 想问：A选项里 framework有预先确定好的框架，指的是确定好要做的四个步骤（identify，consider，decide and act，reflect），后面的”uniform sequence.“难道不是指就按照先identify 再consider再decide and act再reflect的顺序下去吗？（sequence是顺序的意思啊）

Which is an example of an activity that may be legal but that CFA Institute considers unethical? A。Making legally required disclosures in marketing materials B。Trading while in possession of material nonpublic information C.。Disclosure by an employee of his or her own company’s dishonest activity 关于这道题C错的原因，解析的说法是披露其所在公司的不诚信行为是legal 的且有可能是ethical的。但根据原版书第18页上写道：“a whistleblower may violate organizational policies and even local law。。。”所以C选项错的原因到底是因为“可能不是legal”还是因为“可能不是unethical”？

liabilities-to-equity ratio展开是什么

tax loss carry forward带来的DTA不用考虑跟DTA抵消吗 为什么