为什么不能理解成step-up bond 的一种？前期支付利息0%，最后一期支付100%。

没听懂啊

老师你好，可以解释一下a b 为什么不对吗？

老师你好，可以解释一下a b 么

Kate has always been satisfied with the execution provided on the full-service trades, and the new low-fee trades are comparable to the fees of other brokers currently used for the accounts that prohibit soft dollar arrangements。这句话我理解是：凯特一直对全套服务交易的执行情况感到满意，新的低收费交易与目前用于禁止软美元安排账户的其他经纪人的费用相当。 老师讲的是客户禁止使用软美元。

什么叫block trade

为什么就算follow advice given without deviation，没有involve judgement也没有violate I(A)？是因为这个advice最终是对的吗？

能再解释一下b选项吗？

Micheal, a Level III CFA candidate, is the business development manager for an investment management firm with high-net-worth retail clients throughout Africa. This investment management firm introduced listed Kenyan REITs (real estate investment trusts) to its line of investment products based on new regulations introduced in Kenya to diversify its product offering to clients. The product introduction was based on diligence and reasonable basis coming after months of researching Kenyan property correlations with other property markets and asset classes in Africa. Micheal was assigned as part of the sales team that will introduce this product to its clients across Africa. Micheal determines that most of client’s portfolios would benefit from the diversification. By promoting the Kenyan REITs for client portfolios as planned, Micheal would least likely violate which of the following standards? A Suitability. B Independence and Objectivity. C Knowledge of the Law. 这个题读不懂

Valery, CFA, is a management consultant currently working with a financial services firm. The firm’s interests lie in curtailing its high staff turnover, particularly among CFA charterholders. Recently, 4 of 9 its senior managers left the company. All of them cited systemic unethical business practices as the reason for their leaving. Which of the following is least appropriate for Valery to recommend to curtail staff turnover by encouraging ethical behavior? A Encourage staff retention by offering increased benefits. B Create, implement, and monitor a corporate code of ethics. C Implement a whistleblowing policy. 老师您好，这道题我蒙对的，但是读不懂题，和knowledge of the law 这章的知识点串不起来，麻烦解析下