CFA Exam; Questions and Answers 100%
Solved
6 components of the Code of
Ethics: Correct answer-+Act with integrity, competence, diligence, respect
and in an
ethical manner wit the public, clients, prospective clients,
employers, employees, colleagues, and all participants in global
markets...
CFA Exam; Questions and Answers 100%
Solved
6 components of the Code of
Ethics: Correct answer-+Act with integrity, competence, diligence, respect
and in an
ethical manner wit the public, clients, prospective clients,
employers, employees, colleagues, and all participants in global
markets
+Place integrity of profession and interest of clients above all else
+Use reasonable care and independent professional judgement
when conducting investment analysis, making investment
recommendations, taking investment action, and engaging in
professional activities
+Practice and encourage others to practice in a professional and
ethical manner that will reflect credit on themselves and the
profession
+Promote the integrity, and uphold the rules of, the capital markets
, CFA Exam; Questions and Answers 100%
Solved
+Maintain and improve
7 Standards of Professional
Conduct: Correct answer-+Professionalism
+Integrity of Capital Markets
+Duties to Clients
+Duties to Employers
+Investment Analysis, Recommendation
and Action
+Conflicts of Interest
+Responsibilities of a CFA
Member/Candidate
A change in accounting
, CFA Exam; Questions and Answers 100%
Solved
estimates... Correct answer-Is a change due to new
information and does not require
old statements to reflect it
A change in accounting
principles... Correct answer-Requires restatement of prior
financial statements
A Priori Probability Correct answer-Comes from a formal reasoning
and inspection process; an
objective probability
Absolute Yield Spread Correct answer-The difference between yields on
two
, CFA Exam; Questions and Answers 100%
Solved
bonds;
= Higher Bond Yield - Lower Bond
Yield;
Most commonly used;
Shortcoming is it may always remain
constant even as yield rise or fall
Accelerated Depreciation Correct answer-Applies depreciation more at
the
beginning of an assets life
Accelerated Sinking Fund Correct answer-Allows the issuer the choice of
retiring more than the amount of
bonds specified in the sinking fund
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