Question 711
Benny Len is an analyst at a large Brokerage house. Benny has recently done a study analyzing two years of historical information on the returns of stocks with high PE ratios. Benny concludes that these high PE stocks generate low returns and reports that these stocks should be sold from all client portfolios.
According to CFA Institute's Standards of Professional Conduct, which Standard of Professional Conduct has been violated?
According to CFA Institute's Standards of Professional Conduct, which Standard of Professional Conduct has been violated?
Question 712
An analyst is reviewing the following quotes from around the world:
In New York: $1 = Y(JPY)120. In Tokyo: AU$1 (Australian Dollar) = Y(JPY)60. In Sidney: $1 = AU$2.3.
What is the true cross rate between the AU$ and the Y(JPY)?
In New York: $1 = Y(JPY)120. In Tokyo: AU$1 (Australian Dollar) = Y(JPY)60. In Sidney: $1 = AU$2.3.
What is the true cross rate between the AU$ and the Y(JPY)?
Question 713
Currently commodity markets are in contango. This means the roll yield on commodity indices is:
Question 714
______ are effectively a form of equity.
Question 715
If a researcher were to choose random days and calculate the difference in sales volume for the two fish markets in New Bedford, Massachusetts and analyze those differences, what type of experiment is being conducted?
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