题目内容

All of the following are required by fiduciaries under Standard Ⅲ (A) , Loyalty, Prudence, and Care, EXCEPT:（）

A. support the sponsor’s management during proxy fights.
B. act solely in the interest of the ultimate beneficiaries.
C. place the client’s interest before the employer’s interest.

查看答案

搜索结果不匹配？点我反馈

更多问题

Which of the following statements regarding capitalizing versus expensing costs is least accurate（）

A. Total cash flow is higher with capitalization than expensing.
B. Capitalization results in higher profitability initially.
C. Expensing results in higher income variability than capitalization.

查看答案

Which of the following is least likely to be an incentive for structuring a lease as an operating lease instead of a capital lease（）

A. The period of use is short relative to the overall life of the asset.
B. The lessee is in a high tax bracket and the lessor is in a low tax bracket.
Corporate bond covenants contain specific covenants relating to financial policies that the company must follow.

查看答案

Assume that there are no transaction costs and that securities are infinitely divisible, ff an 8 percent coupon paying bond (with semi-annual coupon payments) that has six months left to maturity trades at 97.54, and there is a zero-coupon bond with six months remaining to maturity that is correctly priced using a discount rate of 9 percent, is there an arbitrage opportunity（）

A. Yes, the coupon bond price is too low.
B. Yes, the coupon bond price is too high.
C. The coupon bond is not correctly priced but no arbitrage trade can be set up using the zero-coupon bond.

查看答案

Tony Calaveccio, CFA, is the manager of the Trust-Co Small Cap Venture Fund in Toronto. He places trades for the fund with Worldwide Brokerage. Worldwide suggests to Calaveccio that they are willing to provide him with additional compensation for order flow. Is this permissible under the Code and Standards（）

A. Yes, if he receives written consent from Trust-Co and discloses the arrangement to his clients and prospects.
B. Yes, if he discloses the arrangement in writing to Trust-Co.
C. Yes, if he obtains written permission from Trust-co and his clients and prospects.

查看答案

All of the following are required by fiduciaries under Standard Ⅲ (A) , Loyalty, Prudence, and Care, EXCEPT:（）

A. support the sponsor’s management during proxy fights. B. act solely in the interest of the ultimate beneficiaries. C. place the client’s interest before the employer’s interest.

Which of the following statements regarding capitalizing versus expensing costs is least accurate（）

Which of the following is least likely to be an incentive for structuring a lease as an operating lease instead of a capital lease（）

A. support the sponsor’s management during proxy fights.
B. act solely in the interest of the ultimate beneficiaries.
C. place the client’s interest before the employer’s interest.