CFA一级历年模拟考试(2015-2019):2017_level_I_mock_exam_morning_answers_removed.docx

上传人:p** 文档编号:632086 上传时间:2023-12-15 格式:DOCX 页数:56 大小:140.37KB
下载 相关 举报
CFA一级历年模拟考试(2015-2019):2017_level_I_mock_exam_morning_answers_removed.docx_第1页
第1页 / 共56页
CFA一级历年模拟考试(2015-2019):2017_level_I_mock_exam_morning_answers_removed.docx_第2页
第2页 / 共56页
CFA一级历年模拟考试(2015-2019):2017_level_I_mock_exam_morning_answers_removed.docx_第3页
第3页 / 共56页
CFA一级历年模拟考试(2015-2019):2017_level_I_mock_exam_morning_answers_removed.docx_第4页
第4页 / 共56页
CFA一级历年模拟考试(2015-2019):2017_level_I_mock_exam_morning_answers_removed.docx_第5页
第5页 / 共56页
CFA一级历年模拟考试(2015-2019):2017_level_I_mock_exam_morning_answers_removed.docx_第6页
第6页 / 共56页
CFA一级历年模拟考试(2015-2019):2017_level_I_mock_exam_morning_answers_removed.docx_第7页
第7页 / 共56页
CFA一级历年模拟考试(2015-2019):2017_level_I_mock_exam_morning_answers_removed.docx_第8页
第8页 / 共56页
CFA一级历年模拟考试(2015-2019):2017_level_I_mock_exam_morning_answers_removed.docx_第9页
第9页 / 共56页
CFA一级历年模拟考试(2015-2019):2017_level_I_mock_exam_morning_answers_removed.docx_第10页
第10页 / 共56页
亲,该文档总共56页,到这儿已超出免费预览范围,如果喜欢就下载吧!
资源描述

《CFA一级历年模拟考试(2015-2019):2017_level_I_mock_exam_morning_answers_removed.docx》由会员分享,可在线阅读,更多相关《CFA一级历年模拟考试(2015-2019):2017_level_I_mock_exam_morning_answers_removed.docx(56页珍藏版)》请在第壹文秘上搜索。

1、2017LevelIMockExam:MorningSessionThemorningsessionofthe2017LevelICharteredFinancialAnalyst(CFA)MockExaminationhas120questions.Tobestsimulatetheexamdayexperience,candidatesareadvisedtoallocateanaverageof1.5minutesperquestionforatotalof180minutes(3hours)forthissessionoftheexam.TopicMinutes1-18Ethicala

2、ndProfessionalStandards2719-32QuantitativeMethods2133-44Economics1845-68FinancialStatementAnaIysis3669-76CorporateFinance1277-88EquityInvestments1889-94DerivativeInvestments995-106FixedIncomeInvestments18107-110AlternativeInvestments6111-120PortfolioManagement15Total:1801.Incaseswhereapplicablelocal

3、lawsgoverningcalculationandpresentationofinvestmentperformanceconflictwiththeGIPSstandards,firmsare:A.requiredtocomplywithlocalregulationsandmakefulldisclosureoftheconflicttoclaimGIPScompliance.B.unabletoclaimGIPScomplianceincaseswherelocalregulationsprohibitaccuratecalculation.C.requiredtocalculate

4、andmaintaintwosetsofperformancedatainordertoclaimGIPScompliance.Answer=AIncaseswhereapplicablelocallawsgoverningcalculationandpresentationofinvestmentperformanceconflictwiththeGIPSstandards,firmsmustcomplywithlocalregulationsandfullydisclosetheconflictinthecompliantpresentation.CFALevelIuGIobaIInves

5、tmentPerformanceStandards(GIPS)/CFAInstituteSection4A222.RossNelson,CFA,managesaccountsforhigh-net-worthclients,includinghisownfamilysaccount.Hehasnobeneficialownershipinhisfamilysaccount.BecauseNelsonisconcernedabouttheappearanceofimproperbehaviorinmanaginghisfamilysaccount,whenhisfirmpurchasesablo

6、ckofsecurities.Nelsonallocatestohisfamilysaccountonlythosesharesthatremainafterhisotherclientaccountshavetheirordersfilled.Thefeeformanaginghisfamilysaccountisbasedonhisfirmsnormalfeestructure.AccordingtotheStandardsofPracticeHandbook,Nelsonsbestcourseofactionwithregardtomanagementofhisfamilysaccoun

7、twouldbeto:A.treattheaccountlikeotheremployeeaccountsofthefirm.B.treattheaccountlikeotherclientaccounts.C.removehimselffromanydirectinvolvementbytransferringresponsibilityforthisaccounttoanotherinvestmentprofessionalinthefirm.Answer=BNelsonhasbreachedhisdutytohisfamilybytreatingthemdifferentlyfromot

8、herclients.Theyareentitledtothesametreatmentasanyotherclientofthefirm.NelsonshouldtreathisfamilysaccountlikeanyotherclientaccountasstatedinStandardIII(B)relatedtoFairDealingandStandardVl(B)relatedtoPriorityOfTransactions.CFALevelIGuidanceforStandardsI-Vll/CFAInstituteStandardIII(B)zStandardVI(B)3.Al

9、exanderNewton,CFA,isthechiefcomplianceofficerforMillsInvestmentLimited.Newtoninstitutesanewpolicyrequiringtheproratadistributionofnewsecurityissuestoallestablisheddiscretionaryaccountsforwhichthenewissuesareappropriate.Thepolicyalsoprovidesfortheexclusionofnewlyestablisheddiscretionaryaccountsfromth

10、edistributionuntiltheyhavereachedtheirone-monthanniversarydate.Thispolicyisdisclosedtoallexistingandpotentialclients.DidNewtonmostlikelyviolateanyCFAInstituteStandardsofProfessionalConduct?A.No,becausethepolicyhasbeenadequatelydisclosedtoallexistingandpotentialclientsB.YesC.No,becausetheallocationpo

11、licyisnotinequitableunderthestandardsAnswer=BUnderStandardIII(B)-FairDealing,membersandcandidatesshoulddisclosetoclientsandprospectiveclientshowtheyselectaccountstoparticipateinandhowtheydeterminetheamountofsecuritieseachaccountwillbuyorsell.Tradeallocationproceduresmustbefairandequitable,anddisclos

12、ureofinequitableallocationmethodsdoesnotrelievethememberorcandidateofthisobligation.Alldiscretionaryaccountsshouldbetreatedinthesamemanner.TreatingneweraccountsdifferentlywouldbeconsideredinequitableregardlessOfwhetherthispolicyisdisclosed.CFALevelIGuidanceforStandardsl-VllzCFAInstituteStandardIII(B

13、)4.AccordingtotheGIPSstandardsaverificationreportconfirmsallofthefollowingexceptwhether:A.specificcompositepresentationsareaccurate.B.processesandproceduresaredesignedtocalculateandpresentcompliantperformanceresults.C.afirmhascompliedwithallfirm-widecompositeconstructionrequirements.Answer=AGIPSveri

14、ficationdoesnotensuretheaccuracyofanyspecificcompositepresentations.CFALevelIIntroductiontotheGlobalInvestmentPerformanceStandards(GIPS)zCFAInstituteSectionV-Verification5.JustinBlake,CFA,aretiredportfoliomanager,owns20,000sharesofasmallpubliccompanythathewouldliketosellbecauseheisworriedaboutthecom

15、panysprospects.Hepostsmessagesonseveralinternetbulletinboards.Themessagesread,Thisstockisgoinguponcethependingpatentsarereleased,sonowisthetimetobuy.Thestockisabuyatanythingbelow$3.1havedonesomecloseresearchontheseguys.AccordingtotheStandardsofPracticeHandbook,BlakemostlikelyviolatedtheCodeandStanda

16、rdsassociatedwith:A.IntegrityofCapitalMarkets,butnotConflictsofInterest.B.neitherIntegrityofCapitalMarketsnorConflictsofInterest.C.IntegrityofCapitalMarkets,andConflictsofInterest.Answer=ABlakeviolatedStandardII(B)regardingtheIntegrityofCapitalMarketsbyengaginginapracticethatislikelytoartificiallyinflatetradingvolume.CFALeve

展开阅读全文
相关资源
猜你喜欢
相关搜索

当前位置:首页 > 资格/认证考试 > 证券从业资格考试

copyright@ 2008-2023 1wenmi网站版权所有

经营许可证编号:宁ICP备2022001189号-1

本站为文档C2C交易模式,即用户上传的文档直接被用户下载,本站只是中间服务平台,本站所有文档下载所得的收益归上传人(含作者)所有。第壹文秘仅提供信息存储空间,仅对用户上传内容的表现方式做保护处理,对上载内容本身不做任何修改或编辑。若文档所含内容侵犯了您的版权或隐私,请立即通知第壹文秘网,我们立即给予删除!