Which of the following statements is most likely correct regarding verification?

Leading economic indicators (LEI) are variables that:

Eleanor Chavez, CFA is a senior analyst at W&W Securities (W&WS) and is responsible for managing the High Beta Mutual Fund (HBMF). Curtis Fowler, aged 56 and dependent on his portfolio returns, is W&WS’s client. His portfolio will now be managed by Chavez, who has been asked to invest 20% of his portfolio funds in HBMF. Chavez fills the request forms and immediately purchases shares of HBMF for Fowler. Is Chavez in compliance with codes and standards, and if not, what should be the recommended course of action for Chavez?

What is the most likely result of a decrease in the risk-free rate of return on put and call option prices?

Which of the following is considered to be best practice from shareowners’ perspective?

Blanco Shell Investments (BSI) is a small family owned investment bank and its shares are relatively illiquid. In a casual meeting Brett Palmer, managing director at BSI, told his friend, Leon Fox, that BSI is going to earn substantial profits in its commodities business. In the next few days Fox purchases BSI shares while Palmer disposes his position in BSI and switches his job. Two months later BSI announces huge losses in its commodities business and the share price decreases by $2. Palmer has violated the CFA Institute Standards of Professional Conduct concerning

Gary Cohn, CFA, a broker at Slater Investments, works primarily with high net worth individuals. One of his clients, Claire Stafford, has adopted a very successful investment strategy and made a number of successful trades over the past year. Having observed this pattern, Cohn replicates Stafford's trades in his personal account after carrying out the instructions in his client's orders. Has Cohn most likely violated the Standards?

Which of the following is a leading economic index?

According to European Central Bank (ECB), debt securities with a maturity of up to two years are part of which of the following aggregate categories of money?

Of the following, which represent the most significant advantage of real estate?

In the event of bankruptcy, which of the following is most accurate?

In the case of a collusion, firms agree to:

For venture capital investing, later stage financing is the capital provided for a company:

Net present value method assumes that cash flows are reinvested at the:

Generating sufficient income and maintaining the real capital value of the fund are most likely the objectives of:

Aggregate demand (AD) curve will be flatter if:

Craig Adams, CFA, is in charge of managing the portfolio of ABC’s pension plan. Currently, the funds in the pension plan’s trust are invested traditionally: 80% in stocks and 20% in fixed income. The committee in charge of ABC’s pension fund wants to diversify its asset mix to include investments in hedge funds specializing in real estate. Which of the following is least likely to be a precaution of investing in hedge funds?

A financial intermediary buys a stock and then resells it a few days later at a higher price. Which intermediary would this most likely describe?

Asset based valuation models work well for companies that do not have a high proportion of:

When inventories start to accumulate, the inventories-to-sales ratio reaches its above-normal level. Which phase of the business cycle is associated with an increased inventories-to-sales ratio?

Which of the following options on the same underlying is most likely to have the highest value?

You have been given the following probabilities: P(A) = 35% P(B) = 65% P(B | A) = 65% What is the probability that Event A and Event B occur?

Investor N agrees to pay Investor R $18,000 in 3 months for 5000 bushels of corn. Investor N and Investor R most likely entered into a(n):

Of the following, which response best describes for whom an investment policy statement (IPS) should be developed?

Which of the following statements regarding market efficiency is least likely accurate?