Which of the following rules apply for calculations under the Performance Presentation Standards?
Answer(s): B
All of these answers are general rules applying to calculation of returns under the PPS.
According to the AIMR-PPS when presenting the performance record of composites containing portfolios that use leverage, which of the following statements are true?
Answer(s): C
For composites containing portfolios that use leverage, all of the statements are true. This is a requirement for presentation of results.
Which of the following AIMR standards states that a member shall not knowingly participate, or assist, in any violation of applicable laws, regulations, or the Code and Standards?
Answer(s): D
Standard I: Fundamental Responsibilities states: "Members shall: A. Maintain knowledge of and comply with all applicable laws, rules and regulations of any government, governmental agency, regulatory organization, licensing agency, or professional association governing the members' professional activities, and B. Not knowingly participate or assist in any violation of such laws, rules, or regulations."
Which of the following is/are true about the definition of "total firm assets" where PPS are concerned?
Answer(s): A
Which of the following can be found in Standard I?
Standard I states that members shall: "A. Maintain knowledge of and comply with all applicable laws of any governing agency or professional association governing the member's professional activities, and B. Not knowingly participate or assist in any violation of laws, rules or regulations."
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