6、Jack, CFA, is the director of Marry, CFA. PCP required Marry to disclose the
details of trading during the proceedings. Jack asked Marry to decline to disclose
due to the preservation of confidentiality, so Marry declined. According to the
CFA Institute Standards of Practice Handbood, did Jack and Marry violated any
CFA Institute Standards of professional Conduct'?
Jack Marry
A. No No
B. No Yes
C. Yes No
D Yes Yes
7、According to the CFA Institute Standards of Practice Handbook, which of the
following is NOT a form of plagiarism?
A. Using charts and graphs retrieved from the Internet without specific reference.
B. Presenting factual materials supplied by Bloomberg without acknowledgment.
C. Citing quotations said to be attributable to "leading analysts"
or "investment experts" without specific reference.
D. Presenting statistical forecasts prepared by another author with 'the sources
identified but without the qualifying statements that the original author used.
8、Regressing the returns on Stock M against the returns on a market index results
in the following statistics:
| Y-intercept (a) |
0.34 |
| Slope of the regression line Co) |
0.79 |
| Correlation coefficient |
0.70 |
The percentage of the variability in Stock M's returns explained by the variability
in market index returns is closest to:
A. 36%
B. 49%
C. 51%
D. 64%
9、X and Y are two investment management companies. Their holding period return
for three years are calculated as follows:
Year |
X |
Y |
2000 |
15.3% |
11.3% |
2001 |
-8.2% |
9.6% |
2002 |
22.8% |
8.6% |
The higher arithmetic mean return and geometric mean return, respectively,
for the three-year period was achieved by:
Higher arithmetic mean return Higher geometric mean return
A. X X
B. X Y
C. Y X
D. Y Y
10、For an investment portfolio, the Sharpe ratio is used to measure:
A. risk per unit of mean return.
B. mean return per unit of risk.
C. risk per unit of excess return.
D. excess return per unit of risk.
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