Question： Jiro Sato, CFA, deputy treasurer for May College, manages the Student Scholarship Trust. Sato issued a request for proposal (RFP) for domestic equity managers. Pamela Peters, CFA, a good friend of Sato, introduces him to representatives from Capital Investments, which submitted a proposal. Sato selected Capital as a manager based on the firm's excellent performance record. Shortly after the selection, Peters, who had outstanding performance as an equity manager with another firm, accepted a lucrative job with Capital. Which of the CFA charterholders violated the CFA Institute Standards of Professional Conduct? A. Both B. Neither C. Peters Answer = B Members should use reasonable care and judgment to maintain independence and objectivity, as stated in Standard I (B). There is no indication of inappropriate behavior in the selection of the equity manager or in the acceptance of employment with that manager; both decisions were based on the excellent performance records of the manager and the member, respectively. CFA Level I "Guidance for Standards I-VII," CFA Institute Standard I(B)   CFA特许金融分析师1-3级【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 CFA特许金融分析师1级【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【特惠班】 双语教学，助力提升金融专业英语水平 查看折扣 更多精彩： CFA、CPA、FRM、ACCA 各自的优劣势及持证人从业方向 只考CFA一级有用吗？ 零基础、跨专业CFA一级10A心得，一千个考友就有一千种备考一级有用吗？ 零基础、跨专业CFA一级方式  

messages result in clients moving to his new business from his former employer. The member also violated Standard IV(A) by taking his employer's property, the trading software. CFA Level I "Guidance for Standards I–VII" Standard IV(A)–Loyalty     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考试介绍及难度 CPA证书和CFA证书哪个比较难考？哪个比较实用？  

,” CFA Institute Section: Overview     CFA特许金融分析师1-3级【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 CFA特许金融分析师1级【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【特惠班】 双语教学，助力提升金融专业英语水平 查看折扣 更多精彩： CFA考试科目如何复习？ 考过CFA一级/二级有证书吗？ 如何预习和学习一级 CFA？  

– Rf)] = 0.155 – [0.025 + 1.2 × (0.118 – 0.025)] = 0.0184.  CFA Level I  "Portfolio Risk and Return: Part II," Vijay Singal  Section 4.3.2      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考试难吗？适合哪些人考？ 2016年6月CFA报名开始及具体报名流程（第一阶段截止至9月23日） CFA考试介绍及难度  

is an example of matrix pricing.   CFA Level I “Cost of Capital,” Yves Courtois, Gene C. Lai, and Pamela Peterson Drake Section 3.1.1, 3.1.2   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备考经验丨CFA二级固定收益复习策略 FRM和CFA有什么不同，哪个容易找工作？ 为了CFA二级10A，那些年我走过的弯路和捷径    

Question： sample of 240 managed portfolios has a mean annual return of 0.11 and a standard deviation of returns of 0.23. The standard error of the sample mean is closest to: A. 0.00096.  B. 0.00710.  C. 0.01485.  Answer = C  For a sample, the standard error of the mean is where s is the sample standard deviation and n is the sample size), which here is: 0.23/√240 = 0.01485. CFA Level I  "Sampling and Estimation," Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, and David E.  Runkle  Section 3.1      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和FRM的区别 这可能是目前zui快通过CFA、FRM双证的捷径了  

Question： A two-tailed t-test of the hypothesis that the population mean differs from zero has a p-value of  0.0275. Using a significance level of 5%, the most appropriate conclusion is:  A. to accept the null hypothesis.  B. to reject the null hypothesis.  C. that the chosen significance level is too high.    Answer = B  The p-value is the smallest level of significance at which the null hypothesis can be rejected. In this  case, the given p-value (0.0275) is less than the given level of significance (0.05); therefore, the null  hypothesis is rejected.  CFA Level I  "Hypothesis Testing," Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, and David E. Runkle  Section 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和FRM的区别 这可能是目前zui快通过CFA、FRM双证的捷径了  

Question： If a stock's continuously compounded return is normally distributed, then the distribution of the future stock price is best described as being:  A. a Student's t. B. lognormal.  C. normal.  Answer = B  If a stock's continuously compounded return is normally distributed, then the future stock price is necessarily lognormally distributed.  CFA Level I  "Common Probability Distributions," Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, and  David E. Runkle  Section 3.4      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！？ CFA和FRM的区别  

Meir can make the determination as to what outside business interests need to be disclosed to clients. CFA Level I "Guidance for Standards I–VII" Standard VI(A)–Disclosure of Conflicts     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： CPA证书和CFA证书哪个比较难考？哪个比较实用？ CFA和FRM的区别

  C. cross sectional.    Answer = C  Data on some characteristics of companies at a single point in time are cross-sectional data.  CFA Level I  "Sampling and Estimation," Richard A. Defusco, Dennis W. McLeavey, Jerald E. Pinto, and David E.  Runkle  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： CFA考试介绍及难度 CPA证书和CFA证书哪个比较难考？哪个比较实用？