CFA特许金融分析师考试(Level Ⅰ)题库.pdf

题库资料 CFA特许金融分析师考试(Level I)题库1.Alen Bishop earned the right to use the CFA designation inSeptember 1968.Alen recently retired from the investmentmanagement profession.As he is retired,Alen no longer attends CFAInstitute society meetings and has stopped paying his CFA Institute dues.According to the Standards of Practice Handbook,how should Alen referto his affiliation with the CFA Program?A.Alen Bishop,CFA.B.Alen Bishop,CFA(retired).C.”I was awarded the CFA charter in 1968.”【答案】C2.A stated objective of the CFA InstituteJ s Global InvestmentPerformance Standards(GIPS)is to:A.Encourage investment companies to develop the Code of Ethicsinternally.B.To foster the notion of industry self-regulation on a global basis.C.Foster superior investment performance among investmentcompanies.【答案】B3.During an onsite company visit,Jane Wang,CFA.accidentallyoverheard the Chief Executive Officer(CEO)of Stargazer,Inc.discussingthe company,s tender offer to purchase Dynamica Enterprises,a retailerof Stargazer products.According to the CFA Institute Standards ofProfessional Conduct,Wang most likely cannot use the informationbecause:A.it relates to a tender offer.B.it was overheard and might be considered unreliable.C.she does not have a reasonable and adequate basis for takinginvestment action.【答案】A 资料 4.According to the Standards of Practice Handbook,which of thefollowing statements about fair dealing is least accurate?The Standardrelating to fair dealing:A.States that members should treat all clients equally.B.Pertains to both investment recommendations and investmentactions.C.Imposes a duty with respect to both clients and prospectiveclients.【答案】A5.The Standards of Practice Handbook is least likely to require amember of member s firm to disclose which of the following to clientsand prospective clients?A.Market-making activities.B.Service on a publicly traded company s board of directors.C.Obligation to abide by CFA Institute Code of Ethics and Standardsof Professional Conduct.【答案】C6.Heidi Krueger,CFA,has discretionary authority over the accountsof Johnson,for whom she manages a portfolio of energy stocks,andOsaki,for whom she manages a diversified portfolio of domestic andinternational stocks.Krueger always seeks the best price and executionand has disclosed to all of her clients the process she follows to make useof soft dollars and apply them for the benefit of her clients.In the year2008,Krueger applied soft dollars generated from the Johnson and Osakiaccounts to purchase a report on the economic impact of world events,to purchase an analysis of the domestic steel industry,and to purchase anew conference table for her office.Krueger was in compliance with theCode and Standards in the year 2008:A.Only if she had not used soft:dollars to pay for the conferencetable.B.Only if she had not used soft dollars to pay for the conferencetable and had not used soft dollars from the trading of Johnson saccount to pay for the report on the domestic steel industry.C.Because she disclosed her use of soft dollars and applied themfor the direct and indirect benefit of her clients.【答案】A7.Gloria Brown,CFA,is the founder and portfolio manager of theEverglades Fund.In its first year the fund generated a return of 35%.Building on the fund s performance,Gloria created new marketingmaterials that showed the fund s gross 1-year return as well as the 3-,and 5-year returns which he calculated by using back-testedperformance information.As the marketing material is used only forpresentations to institutional clients,Gloria does not mention theinclusion of back-tested data.According to the Standards of PracticeHandbook,did Gloria violate any CFA Institute Standards of ProfessionalConduct?A.No.B.Yes,because he did not disclose the use of back-tested data.C.Yes,because he failed to deduct all fees and expenses beforecalculating the fund s track record.【答案】B8.Scott Marsh is a research analyst for a brokerage firm followingthe computer industry.Joe Perry is Marsh s former college roommateand is the head of technology for Mercury,a large software company.Perry informs Marsh on Tuesday that in two days the company will bemaking an official announcement that its release of its newest version ofits software will be moved up one month,from October 1 to September1.The announcement will be surprising to the industry and will likely bemet with skepticism because the company has had trouble meetingrelease dates in the past.Perry assures Marsh that he is certain that theywill meet the September 1 date.Marsh considers Perry to be very honestand highly competent.Marsh should:A.Wait until the public announcement is made,then release areport explaining that he believes the company will make the releasedate;disclosing that one of the reasons for his opinion is Perry is a friendof his.B.Produce his research report in two days based solely on theofficial announcement,not taking into consideration the informationfrom Perry.C.Wait until the public announcement is made,then 。