Lily, CFA, is an investment manager. Lily sent an anonymous letter to securities regulators outlining various accounting irregularities at Ruddney Company last month. Lily shorted Ruddney stock for his clients shortly before he sent the letter to the regulators. Lily leaked this information to multiple sources in the media once the regulators opened an investigation. Consequently, the share price of Ruddney immediately dropped 20% when news of the investigation became public. Lily then covered the short positions and made $10 per share for his clients. Which of the following CFA Institute Standards of Professional Conduct did Lily least likely violated? 老师， 你好，这道题里面, 哪一点说明了Lily有misconduct

计算EV时MVdebt只含long term？

请问，在AR模型中，为什么不能用DW test 检验自相关呢？是因为DW test只检验了相邻自变量残差的相关性么？

老师，common equitu不能直接用这个826？这个R/E也算common equity。总equity-prefer就可以？

B什么意思？

这里B选项的后半部分没有解释，说估计收益不显著不同于给定收益，是根据z-value的值和k值相接近，得出来的吗？

这个答案不太准确吧？差额应该是2,44 percent points吧

想问这里的weight是如何分配的？

这题表述是不是有点问题？from his view如果意味着股票价格一定上涨，那么三个选项都是可以赚钱的，要硬选一个最高的收益本题条件不足，不一定就是long call（但是视频解答的老师说一定是long call, 对此我并不赞同）。 如果股票价格可以上涨也可以下跌，那么综合来看long call是个最优的选择，可以赚钱但最多亏损期权费。而且我不太明白题目给出at-the-money的期权费是用来做什么的？谢谢解答。

老师您好，图中21题没有明说表中给出的是未来第一年的NOI，用一阶段模型计算时，分子为何不是乘以1+g呢？请指点，谢谢