Free Access CFA.CFA-Level-I.v2022-03-06.q736 Practice Test (Page 139)

Question 686

Which of the following statements is correct in terms of Standard IV (A) - Loyalty to Employer?

A.Written consent is only needed if the work will result in actual compensation.

B.Members are allowed to leave the firm with a list of clients with the intention of using this list to silicate these clients for their new firm.

C.The written consent of the employer is needed before a member can undertake independent work that could result in compensation but that is in competition with the employer.

Question 687

Under which circumstances can you trade using non-public information?

A.The information has been provided by a credible source.

B.The information would not significantly impact security prices if disclosed.

C.The information will become public within 24 hours.

Question 688

When does the selling price of long-term debt equal its maturity value?

A.when the nominal interest rate is equal to the stated interest rate

B.when the effective interest rate is equal to the nominal interest rate

C.when the effective interest rate is equal to the market interest rate

Question 689

Suppose that events A, B, C, and D are independent, and have probabilities of 0.25, 0.50, 0.40, and
0 .30, respectively. What is P (ABCD)?

A.0.15.

B.1.0%.

C.1.5%.

Question 690

Starr Co. had 1997 sales of $210. Sales for 1998 increase by 15% and cost of goods sold remains
6 5% of sales. Starr Co.'s 1998 income statement will show gross profit of:

A.$144.90.

B.$241.50.

C.$84.52.

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Question 686

Question 687

Question 688

Question 689

Question 690

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