Question： An investor purchases 100 shares of common stock at €50 each and simultaneously sells call  options on 100 shares of the stock with a strike price of €55 at a premium of €1 per option. At the  expiration date of the options, the share price is €58. The investor's profit is closest to: A. €900. B. €600. C. €400. Answer = B  Because the share price (ST) is greater than the strike price (X), the investor collects the premium  plus the difference between the strike price and purchase price: X – S0 + c0. In this case, 100 × (€55 – €50 + €1) = €600. CFA Level I  "Risk Management Applications of Option Strategies," Don M. Chance  Section 2.2.1      CFA特许金融分析师1-3级【沪江金程联合开发】 19年12月-22年6月考季的考生，助力通过金融第一考 查看折扣 CFA1级1912考季【沪江金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 金融英语【沪江金程联合开发】 为零基础学员提供学习指导 查看折扣 更多精彩： CFA一级企业理财的学习策略 要进投行？是不是必须要考CFA！？ CFA考试介绍及难度  

the information used to categorize stocks by their price-to-earnings ratios is publicly available. It is  not a contradiction to weak form market efficiency. CFA Level I “Market Efficiency,” W. Sean Cleary, Howard J. Atkinson, and Pamela Peterson Drake Section 4.2   CFA特许金融分析师1-3级【沪江金程联合开发】 19年12月-22年6月考

Question： Gabrielle Gabbe, CFA has been accused of professional misconduct by one of her competitors. The allegations concern Gabbe's personal bankruptcy filing 10 years ago when she was a college student and had a large amount of medical bills she could not pay. By not disclosing the bankruptcy

Question： The following information for the current year is available for a company that prepares its financial statements in accordance with US GAAP.  The company's operating profit (in thousands) is closest to: A. $2,050.  B. $2,300.  C. $1,850 Answer = A  CFA Level I“ Understanding Income

Question： The primary monetary policy goal of most major central banks is best characterized as:  A. maintaining price stability.  B. stimulating economic growth.  C. maintaining low interest rates.    Answer = A  The primary monetary policy goal of most major central banks is to maintain price stability. CFA Level I “Monetary and Fiscal Policy,” Andrew Clare and Stephen Thomas Section 2.3       CFA特许金融分析师1-3级【沪江金程联合开发】 19年12月-22年6月考季的考生，助力通过金融第一考 查看折扣 CFA1级1912考季【沪江金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 金融英语【沪江金程联合开发】 为零基础学员提供学习指导 查看折扣 更多精彩： 要进投行？是不是必须要考CFA！？ 通过CFA一级需要花费多长时间？  

Question： Which of the following reports is least likely to be filed with the US SEC?  A. Proxy statement  B. Form 10-K  C. Annual report    Answer = C  The annual report is not a requirement of the SEC.    CFA Level I  "Financial Reporting Standards," Elaine Henry, Jan Hendrik van Greuning, and Thomas R. Robinson  Section 3.2.2      CFA特许金融分析师1-3级【沪江金程联合开发】 19年12月-22年6月考季的考生，助力通过金融第一考 查看折扣 CFA1级1912考季【沪江金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 金融英语【沪江金程联合开发】 为零基础学员提供学习指导 查看折扣 更多精彩： CFA持证人普遍青睐的3个职位是什么？ CFA一般都是什么程度的人在考？ CFA二级考试复习要注意什么？  

Question： The per unit contribution margin for a product is $12. Assuming fixed costs of $12,000, interest costs of $3,000, and taxes of $2,000, the operating breakeven point (in units) is closest to:  A. 1,000.  B. 1,250.  C. 1,417.  Answer = A  The operating breakeven point is: CFA Level I

= C  The DOL is lowest at the 300,000 unit production level. CFA Level I “Measures of Leverage,” Pamela Peterson Drake, Raj Aggarwal, Cynthia Harrington, and Adam Kobor Section 3.3     CFA特许金融分析师1-3级【沪江金程联合开发】 19年12月-22年6月考季的考生，助力通过金融第一考 查看折扣 CFA1级1912考季【沪江金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 金融英语【沪江金程联合开发】 为零基础学员提供学习指导 查看折扣 更多精彩： CFA一级权益复习策略 CFA和FRM的区别  

表象上的有几个月时间，一定要核算每周能真正上课的课时。有的学校会告诉你，你可以随时来上课，我们可以想一下，那么多学员，真的可以随时上课吗?别人的成本怎么处理。有的学校是每天都会排一些课在那里，也许根本就不是你所想要上课的那个级别，或则是一些花里胡哨的课。例如就像我们买一个相机，厂家告诉它有什么什么的功能，试问我们的消费者，有很多功能你用过吗?你买这个相机究竟要它做什么?所以我们要关心的，要根据我们自身的课程进度，每周真正有几堂课。不要为那些不必要的课程去买单。 相信根据小编以上所培训机构随处可见，各种广告也随处可见，当我们面对如此多的培训班和培训提供的选择方法进行筛选，进行对比，那么一定可以在众多的培训机构中选择出性价比最高的培训机构，从而在短时间内快速的提高自己的英语水平，即使你的初始水平一塌糊涂。

Question：  If a company has a deferred tax asset reported on its statement of financial position and the tax authorities reduce the tax rate, which of the following statements is most accurate concerning the effect of the change? The existing deferred tax asset will:  A. not be affected.  B. decrease in value.  C. increase in value.     Answer = B  A decrease in the tax rate will result in a decrease in the previously reported amounts of deferred tax assets. That is, the value of the future tax assets, based on the new lower rate, is reduced for offsetting future tax payments. CFA Level I “Income Taxes,” Elbie Antonites and Michael A. Broihahn Section 3.3       CFA特许金融分析师1-3级【沪江金程联合开发】 19年12月-22年6月考季的考生，助力通过金融第一考 查看折扣 CFA1级1912考季【沪江金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 金融英语【沪江金程联合开发】 为零基础学员提供学习指导 查看折扣 更多精彩： 要进投行？是不是必须要考CFA！？ 通过CFA一级需要花费多长时间？