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Free CFA-Level-I Exam Braindumps (page: 106)

Page 106 of 991
PDF with 3963 Questions

Performance Presentation Standards require that income and capital appreciation be presented in addition to total return when dealing with ________.

  1. anti-linear appreciation
  2. real estate
  3. none of these answers
  4. long-term liabilities

Answer(s): B

Explanation:

For real estate, PPS require that income and capital appreciation be presented in addition to total return.



A supervisor complies with Standard III (E) by establishing and enforcing ________ to prevent violations.

  1. legal requirements
  2. fiduciary duties
  3. none of these answers
  4. code of ethics
  5. compliance procedures

Answer(s): E

Explanation:

A supervisor complies with Standard III (E) by identifying situations in which legal violations or violations of the Code and Standards are likely to occur and establishing and enforcing compliance procedures to prevent such violations.



Which of the following are characteristics of material nonpublic information?

  1. The information may be considered relevant by reasonable investors.
  2. The information would have a substantial impact on the market if released.
  3. All of these answers.
  4. The information has not been generally disclosed.

Answer(s): C

Explanation:

Information is "material" if its disclosure would be likely to have an impact on the price of a security or if reasonable investors would want to know the information before making an investment decision. In other words, information is material if it would significantly alter the total mix of information currently available regarding a security. Information is "nonpublic" until it has been disseminated to the marketplace in general and investors have had an opportunity to react to the information.



According to the AIMR-Performance Presentation Standards, ________ must be used when calculating investment performance.

  1. benchmark
  2. asset-weighted return
  3. aggregate return
  4. total return

Answer(s): D

Explanation:

Total return, including realized and unrealized gains plus income, must be used when calculating investment performance. Portfolios must not be switched from one composite to another unlessdocumented changes in client guidelines make switching appropriate. This is a requirement for calculation of returns.



Page 106 of 991



Post your Comments and Discuss Test Prep CFA-Level-I exam with other Community members:

Venkat commented on September 27, 2024
Preparing for certification
Anonymous
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Nigel commented on September 27, 2024
Managed to pass my exam bu using the full version of this exam. This free version has less questions compared to PDF.
Spain
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Kangaroo Jack commented on September 27, 2024
The best way to study and pass your exam. Quick and painless. The full PDF version is well worth the money.
AUSTRALIA
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Ouahid commented on September 27, 2024
Thank you, it is very useful
AUSTRIA
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Karlik commented on September 27, 2024
I passed the exam with help from this questions :)
Anonymous
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Nate commented on September 27, 2024
Has anyone recently taken the exam? Can anyone confirm these questions are similar or word for word?
Anonymous
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Birkha commented on September 27, 2024
NO comments
BHUTAN
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raba commented on September 26, 2024
@khorshal can i use this alone to pass the exams
Anonymous
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raba commented on September 26, 2024
some of the questions are straight forward
Anonymous
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Judwa commented on September 26, 2024
This exam is super hard. I was overwhelmed. After using this exam dump, I went into the exam feeling a bit better. I passed my test. :-)
INDIA
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UNITED STATES
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KXK commented on September 26, 2024
The study guide was concise yet comprehensive. It helped me focus on the key topics and feel more prepared than ever!
INDIA
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Chandra commented on September 26, 2024
I passed my exam with ease, thanks to the targeted material in this guide. It made a huge difference in how I prepared.
CANADA
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raba commented on September 26, 2024
I was thinking question 16 should be a legacy systems
Anonymous
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Bubba commented on September 26, 2024
Good work guys. The layout is user-friendly, and the content is spot on.
Hong Kong
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rabihu commented on September 26, 2024
These are really challenging questions.i love it
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Murad commented on September 26, 2024
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Turkey
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raba commented on September 26, 2024
these are really good questions
Anonymous
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Kg commented on September 26, 2024
hi @phil , thank you for the response , basically i must just check wether the answers are correct
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