第十四题为什么选A

Justin Blake, CFA, a retired portfolio manager, owns 20,000 shares of a small public company that he would like to sell because he is worried about the company’s prospects. He posts messages on several internet bulletin boards. The messages read, “This stock is going up once the pending patents are released, so now is the time to buy. The stock is a buy at anything below $3. I have done some close research on these guys.” According to the Standards of Practice Handbook, Blake most likely violated the Standard or Standards associated with: Integrity of Capital Markets and Conflicts of Interest. Integrity of Capital Markets, but not Conflicts of Interest. Neither Integrity of Capital Markets nor Conflicts of Interest.

这道题中，怎么理解periodicity of 12, for a 4 year? N等于多少

请问老师，spot rate是有离散型和连续型的区别么？实务中计算spot rate为何要用指数和对数呢？谢谢！

老师你好，这里的that he owned, that 指什么？指这个small public company 还是20000shares of the small public company? 另外，如果题目说他没退休，那么也违反了利益冲突吧？

老师你好，这里不是很明白为了避税而进行的交易，在年底以比较低的价格卖掉然后来年年初再以比较高的价格买回来，虽然这样可以让我的return低一点，税收少一点，但是我低价卖出高价买入本身就是亏损呀，没觉得是什么明智之举呀？

net reporting of revenue 中计算revenue用的成本是包括哪些和cost of sales 有什么区别

请问一下committee的前三个说的independent说的都是non-excutive的吗？

如图这个例子中，不理解这种情境，关于这个电脑公司将要有保留的审计意见，她开始并没有注意，后来当她看到一个新客户的账户中有大量持有该电脑公司的股票她才开始重视起来，不明白为什么新客户的账户中大量持有该公司股票她就开始关注？

risk arbitrage trading 风险套利交易？套利不是无风险吗？