题目内容

Jenson Button, CFA, is a product development manager at a private equity fund. He is in charge of developing and promoting a new structured financial product, CBO (bond obligation), which includes many emerging-market corporate bonds. In the product-related catalog, Button discloses a list of selected underlying bonds. The catalog also mentions about one independent collateral agency, who has discretion over the selection of all corporate bonds. In fact, Button has discussed with the collateral agency manager many times and instructed him to select bonds for the CBO. Button is most likely to violate which of the following CFA Institute Standards of Professional Conduct?

A. Disclosure of Conflicts.
B. Suitability.
C. Diligence and Reasonable Basis.

查看答案
更多问题

Yuan, CFA, is a portfolio manager, who has two clients. Both clients have the same amount

A. ensure that he does the same investment strategy for both clients.
B. communicate with both clients about the change and inform them that the investment is based on his opinion.
C. do both of that.

Thomas Anderson, CFA, recently quit his job as an investment consultant and started his own business. Based on his memories, he recreated the investment model he made at his former employer. Anderson provided the model to some prospective clients as an example to prove his abilities. Did Anderson violate any CFA Institute Standards of Professional Conduct?

A. Yes, with regard to Standard V (C)-Record Retention.
B. Yes, with regard to Standard V (B)-Communication with Clients.
C. No.

Yuan, CFA, was a junior research analyst at Golden Finance. He wrote a report that included predictions from an econometric model developed by his colleagues. He highlighted the source of this projection. The report also contained all relevant statistical data on the model and his comments on the accuracy of the model. For the Standard V (A)-Diligence and Reasonable Basis, Yuan had:

A. not violated the Standard V (A).
B. violated the Standard by including quantitative details in the report.
C. violated the Standard by not testing the model himself.

Under rational expectations, a shift to a more expansionary economic policy would:

A. fail to reduce the unemployment rate in either the short or long term.
B. reduce the short run unemployment rate, but not the long term rate.
C. reduce the long and short term unemployment rate.
D. reduce the long run unemployment rate, but not the short term rate.

答案查题题库