※ 引述《eqil ()》之铭言： : 3.Mark Hannning, CFA, is writing a research report on a firm. Hanning's : supervisor, Rob Jannsen, sees a draft which includes favorable earnings : projections. A few days later, Hanning obtains additional data that : causes him to revise the projections downward. Right before public : distribution of this report, Hanning learns that Jannsen has substituted : the earlier, more favorabl earnings projections into the report without : Hannning's knowledge. Hanning should most appropriately: : A. consult with internal counsel and insist that this matter be reported : to the regulators immediately. : B. insist that either the report be corrected, or his name be removed : from the report : C. permit publication of this report, but issue a follow-up report : correcting the earnings projections. : Ans: B 改动已经影响到预测结果，你必须反应 : 15.Jenny Pickler, a Level II CFA Candidate, writes an economic forecast : containing several interset rate projections. Her firm's investment : committee reviews Pickler's report and changes several of the interest : rates Pickler ahd forecast. To comply with CFA Institute Standards, : Pickler: : A. does not need to take any further action. : B. should ask that her name be removed from the report. : C. must independently review the data supporting the investment committee's : changes. : Ans: A 经过了review，而也只是细微修改，没有说会影响结果，不必反应 这两个比较难区分 : ---------------------------------------------------------------- : 6. Jim Whitaker is a director of an investment banking firm that is issuing : a secondary offering for a company. The issue is oversubscribed. : According to the firm's written trade allocation proedures, an over- : subscribed issue must be distribute on a prorated basis among all : interested clients. One of these clients is Whitaker himself. This : procedure for allocating an oversubscribed issue is: : A. in violation of the Standards becuase most clients will be receiving : fewer shares than requested. : B. in violation of the Standards because Whitaker should not participate : if the issue is oversubscribed. : C. not in violation of the Standards because all clients are treated : fairly. : Ans: B : 3. According to teh Code and Standards, members and candidate who are involved : in distributed an initial public offering(IPO) of equity shares and wish to : participate in the IPO: : A. may participate unless the IPO is oversubscribed. : B. may not participate because this creates a conflict of interest. : C. must obtain pre-clearance from a supervisor before participating. : Ans: A 这个我就不知道哪里有矛盾了？ 根据III-B Fair Dealing，只要oversubscribe，就以客户优先，没员工的份。 : ------------------------------------------------------------------ : 8. Telling potential investors that a short-term U.S. Treasury fund conatins : "guaranteed" securities: : A. does not violate any Standards. : B. violates the Standards by misreporesenting the securities in the fund. : C. violates the Standards by failing to consider the suitability of the : fund for potential investors. : Ans: A : 14. Judy Bulush is a CFA candidate and is recommending the purchase of a : Mutual fund that invests solely in long-term US. Treasury bonds (T-bonds) : to one of her clients. She states that, "Since the US. government : guarantee payment of both the bond's principal and interest, risk of loss : with this investment is virtually zero." Blush's actions violated: : A. the Standards on misrepresentation. : B. the Standards on coomunication with clients and prospective clients. : C. none of the CFA Institute Standards of Professional Conduct. : Ans: A 这个我也不知道哪里矛盾。 第一题说的是基金的内容物有哪些股票，并不违反。 第二题，即便是T-bill也会有通膨跟信用风险，任何对return或risk的保证都违反I-C : --------------------------------------------------------------------- : 这三对问题，两两问题的情境叙述都很相似，但是答案却几乎是相反的。看完详解还是 : 不懂之间的差异，让人觉得两个相反的答案很矛盾，请板上的高手解答，感谢!! --

※ 发信站: 批踢踢实业坊(ptt.cc), 来自: 216.171.11.27 ※ 文章网址: https://webptt.com/cn.aspx?n=bbs/CFAiafeFSA/M.1449034419.A.E96.html