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CFA一级
包含CFA一级传统在线课程、通关课程及试题相关提问答疑;
专场人数:5979提问数量:108162
Lin Xuan, CFA, is a sell side investment analyst. Lin hears rumors that GR Software may have falsified its financial results while at a software industry conference. When she returns to her office, Lin conducts a thorough analysis of GR. Based on her research, including discussions with some of GR’s customers, Lin is convinced that GR’s reported 50% increase in net income during recent quarters is completely fictitious. Lin is the only analyst suspicious about GR’s reported earnings so far, however. According to the CFA Institute Code of Ethics and Standards of Professional Conduct, the least appropriate action for Lin is to: Areport her suspicions to GR’s management. Bdo nothing, until other analysts support her analysis. Crecommend her clients sell their GR shares immediately. 该题中的C选项 ,analyst和fund manager之间有firewall,那analyst分析出来的结果因为被隔离所以不能告知给客户,这个理解怎么说呢?
查看试题 已回答Ensuring that a majority of the members of the audit committee are independent members of the Board. 不是应该所有的成员都是independent的吗?
查看试题 已回答Machile, CFA, is the Managing Director for Business Development of a large U.S.-based Hedge fund organization. Machile recently approved unusual terms for the fund’s client agreement in order to secure business from a large hedge fund manager based in Asia. To allow for time zone differences, the agreement allows the hedge fund to trade six hours after the close of U.S. markets. According to the Standards of Practice Handbook, did Machile violate any CFA Institute Standards of Professional Conduct? A No. B Yes, because he failed to inform his other clients of the unusual terms under the new client agreement, thus not treating clients equally. C Yes, because he failed to review regulations on late-trading and did not consult with ABC’s compliance director to determine if late-trading was acceptable. 老师,B 和C选项麻烦解析下,为什么C
查看试题 已回答Since Farmco is thinly traded, Waters is concerned the order will overwhelm the liquidity of Farmco and the price will surge. Waters engages in a series of block trades in order to accomplish the purchase. 老师,我的理解这个意思不就是Waters想通过交易量控制价格吗?所以不应该是transaction-based吗?
查看试题 已回答Significant events and contingencies that may affect future operations不是在notes里吗?怎么又成MD&A里的了?
查看试题 已回答精品问答
- 对于老师讲的这部分,1. 我理解FRA的Payoff始终等于利率期货的Payoff部分进行折现(除以1个大于1的数),也就是说,FRA的Payoff的变动幅度 应该 始终小于利率期货的变动幅度。2. 至于是涨多跌少,还是涨少跌多,其实MRR在分母上,可以根据1/x的曲线特点来理解,无非就是MRR上升时1/(1+MRR)的变动幅度 小于 MRR下降时1/(1+MRR)的变动幅度,所以如果MRR上升时,Payoff是上升的,那么就是涨少跌多,如果MRR上升时,Payoff是下降的,那就是涨多跌少。以上2点,我理解的对吗?
- 为什么B选项要考虑借股还股?而A选项没有考虑借钱买然后还钱?可以都不考虑吗?还是借股还股一定要在这个流程中体现?
- 不懂这里为什么新固定利息与老固定利息的差值折现到1时刻就是1时刻的value,为什么只考虑下半边支出的部分,不考虑付息收到的部分
- 老师好,官网这道题我有点没太懂,麻烦讲解
- 如果IC和CAL线的切点在后半段呢,就是比和有效前沿的切点更高呢,不是后面无风险资产权重为0吗,为什么说一定有无风险资产呢
- 老师您好!这个需要掌握吗?谢谢
- 为什么不是C选项呢?credit risk是由于借款人违约未能偿还而使债权人遭受损失的风险;solvency risk是由于自己财务状况不佳而无法偿还到期债务的风险。二者紧密相连
- 是不是只有在市场均衡点,才是社会总福利不损失的点? 偏离市场均衡点,社会总福利都会损失? 因为要么生产过剩,要么就是总供给不足. 另外,为什么只有在完全竞争市场中才能实现社会总福利最优,才能有市场均衡点? 在其他各类市场中,不是需求供给需求也是有的吗?他们的均衡点难道不是市场均衡点吗? 在那个点声场不是可以实现社会总福利最优吗? 这点不是很清楚,老师可以画图说明下. 另外, 对于一级价格歧视这种,它又是怎么实现社会总福利不损失的,这时候的需求曲线和供给曲线是什么样的?和完全竞争市场不同吗
