An analyst constructed the following hypothesis test: The null hypothesis means that:   A. the dependent variable is sensitive to changes in the independent variable.   B. the independent variable is sensitive to changes in the dependent variable.   C. changes in the dependent variable do not explain changes in the independent variable.   D. changes in the independent variable do not explain changes in the dependent variable.   【答案】 D the null hypothesis in this case is that the parameter of interest (slope)is equal to zero. Acceptance of the null hypothesis means that the statistical analysis indicates that changes in the independent variable do not explain changes in the dependent variable.  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书籍丨CFA考试之后，这7本书值得一读  零基础、跨专业CFA一级10A心得，一千个考友就有一千种备考方式  CFA、CPA、FRM、ACCA 各自的优劣势及持证人从业一级方向

Assume U, S, GAAP (generally accepted accounting principles) applies unless otherwise noted  An analyst gathered the following information about a ccompany whose fiscal year ends on 31  December;   ·Net income for the year was $10.5 million   ·Preferred stock dividends of $2 million were paid for the year.   ·Common stock dividends of $3.5 million were paid for the year.   ·20 million shares of common stock were outstanding on 1 January 2002.   ·The company issued 6 million new shares of common stock on 1 April 2002.   ·The capital structure does not include any potentially dilutive convertible securities, options  warrants, or other contingent securities.   The company' s basic earnings per share for 2002 was closest to;   A $035   B $0.37   C $0.43   D $046  【答案】 A Basic earnings per share is equal to income available to common stockholders divided by the  weighted average number of common shares outstanding:  ($10,500,000-$2,000,000)/24,500,000 shares=$0.35   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书籍丨CFA考试之后，这7本书值得一读  零基础、跨专业CFA一级10A心得，一千个考友就有一千种备考方式  CFA、CPA、FRM、ACCA 各自的优劣势及持证人从业一级方向

Assume U, S, GAAP (generally accepted accounting principles)applies unless otherwise noted. After selling $20,000 of accounts receivable with full recourse, a company's balance sheet is as follows; None of the receivables has been collected After adjusting relevant account for the effects of the  off-balance-sheet financing. The company’s total debt-to-equity ratios is closest to:   A 1.20   B 1.25   C 1.75   D 2.00   【答案】 C   The appropriate adjustment is to increase both accounts receivable and current liabilities by the  amount of the receivables sold that have not yet been collected. Total debt-to-equity ratio;  $140,000/80,000=1.75.    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书籍丨CFA考试之后，这7本书值得一读  零基础、跨专业CFA一级10A心得，一千个考友就有一千种备考方式  CFA、CPA、FRM、ACCA 各自的优劣势及持证人从业一级方向

剑桥英语一级其实相对于别的等级来说还是很简单的，我们想要学会这个等级的英语知识，还是很简单的，但是，对于大家的复习计划，小编还是要给大家建议一下的。我们只要把下语一级其实相对于别的等级来说还是很简单的，我们想要学会这个等级的英语面的这些真题都做会了，然后总结经验，就能很好的掌握这些题目的去向。 一. Listening Part ( 10 分 ) I get up at 6:30 every morning. I ______a piece of bread, two eggs and _______milk for breakfast. I ____ to school by bike. I like to _______ English . After

One day before submitting his resignation of employment, Tony Spain, CFA, contacted his two largest clients to tell them of his intention to join a new firm. Spain was careful not to ask the clients to join him with his new employer, but told the clients he would be giving his resignation and starting his new position the following day. According to the Standards of practice Handbook, Spain; A. had a fiduciary duty to advise his clients of his impending departure. B. breached his duty of loyalty to his employer by telling the clients of his impending departure C. breached his duty of loyalty to the clients by failing to advise the clients of his departure sooner so the clients could assess the effect on their portfolios. D had a duty to disclose his impending departure to all clients because the change is a matter that could be expected to impair his ability to provide investment advice or take investment action.   【答案】 B Departing employees have a duty to act in the best interest of their employer until their resignations become effective. Spain was not acting in the best interest of his employer by telling clients of his impending departure.    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书籍丨CFA考试之后，这7本书值得一读 零基础、跨专业CFA一级10A心得，一千个考友就有一千种备考方式 CFA、CPA、FRM、ACCA 各自的优劣势及持证人从业一级方向  

A CFA Institute member resides in Country A, where securities laws are more strict than CFA Institute Standards of Professional Conduct, and does all of his business in Country B, where securities laws are less strict than CFA Institute Standards. The laws of Country a state that  professional conduct is governed by the laws of the locality in which business is conducted.  According to the Standards of Practice Handbook, the member has a duty to adhere to:   A. the laws of country A   B. the laws of Country B   C. a basic standard of competence and diligence   D. CFA Institute Standards of professional conduct   【答案】 D When the applicable law states that the law of the locality where the business is conducted governs and that law is less strict than the Code and Standards the member must adhere to the Code and Standards.    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书籍丨CFA考试之后，这7本书值得一读  零基础、跨专业CFA一级10A心得，一千个考友就有一千种备考方式  CFA、CPA、FRM、ACCA 各自的优劣势及持证人从业一级方向

成了キム・デジュン。同样，金正日这个人名不日本的动漫是非常的有名的，备受世界各地的年轻人的喜欢，如果是因为动漫喜欢才日语，可以多看一些漫画。日语读作キム・チョンイル，而是读作キム・ジョンイル。(有趣的是，在欧洲语言中，出现了相反的现象。德语和俄语中，浊音的子音位于词尾的时候，就会清音化，例如德语“abend”的d要发成t音。) 　　欧洲语言一进入到日本，浊音的使用方法变得更加丰富多彩。象声词等是小孩子们喜欢使用的词语，虽然浓厚地残留着太古时期的日语痕迹，但在ドンドン、ギャーギャー、ビュービュー等词中，浊音变得更加常用。 　　适合学日语听力的动漫很多，如果你也是非常喜欢动漫，也正在学习日语，那么就好好的阅读本篇文章，相信会对大家学习有所帮助的，最后沪江小编预祝大家都能够学好日语。

What are the mean and standard deviation of a standard normal distribution   【答案】 B The standard normal distribution(unit normal distribution) has a mean of zero and a standard deviation of one.    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书籍丨CFA考试之后，这7本书值得一读  零基础、跨专业CFA一级10A心得，一千个考友就有一千种备考方式  CFA、CPA、FRM、ACCA 各自的优劣势及持证人从业一级方向

休息，虽然我经常提前半小时做完，而由于Mock难度比较大，我还没有尝试过一天分上午下午刷2套Mock，只有做过一天1套而已。   总结起来的话，我的复习策略是：看视频+整理笔记+做原版书题和官网题。自己的总结能力很重要，复习到最后冲刺阶段，我笔记本基本上也没看了，专门看自己总结浓缩下来的word文档（看金程百题班和冲刺班视频总结的知识点），完一级考试，当天发了微博之后网友们反应强烈，所以想写一篇备考心得，一整地复习一次浓缩笔记花费1小时，这样就能把厚书读薄，提高学习效率。   写了这么多，主要是学习方法的介绍，希望能或多或少地帮到大家，在CFA的学习道路上助大家一臂之力，也非常欢迎大家与我交流学习心得。最后送上我很喜欢的一句话——越努力越幸运) 声明|本文转载自金程CFA

A portfolio of non-dividend-paying common stocks earned a geometric mean return of 5 percent  between 1 January 1996 and 31 December 2002. The arithmetic mean return for the same period  was 6 percent. If the market value of the portfolio at the beginning of 1996 was $100,000, the  market value of the portfolio at the end of 2002 was closest to:   A.$135,000   B.$140,710   C.$142,000   D.$150363 【答案】 B There are seven annual periods between 1 January 1996 and 31 December 2002  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书籍丨CFA考试之后，这7本书值得一读  零基础、跨专业CFA一级10A心得，一千个考友就有一千种备考方式  CFA、CPA、FRM、ACCA 各自的优劣势及持证人从业一级方向