Free Access CFA.CFA-Level-I.v2023-07-10.q797 Practice Test (Page 19)

Question 86

Which of the following is NOT a characteristic of a typical venture capital (VC) fund?

A.Long-term nature and difficulty in valuation of portfolio companies.

B.Ease of liquidation due to a ready market for mergers and acquisitions.

C.Existence of time cycles in availability of VC capital.

Question 87

Which of the following issues does a policy statement not address?

A.Existing knowledge that the investor has in investments and capital markets.

B.Additional capital or income sources available to the investor.

C.Emotional reactions and risks to a positive financial outcome.

Question 88

Assume that Company B is the only producer of breakfast cereal. If at the current level of production, the marginal revenue for a box of cereal is $2.50 while the marginal cost is $2.00, we would expect
Company B to

A.hold the level of production constant.

B.increase the level of production.

C.raise the price of a box of cereal.

Question 89

Bond price volatility is normally:

A.greater for shorter maturities.

B.lower for higher coupons.

C.lower for longer duration.

Question 90

A sample mean possesses all of the following properties EXCEPT

A.Consistency and Efficiency

B.Unbiasedness

C.Symmetry

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Question 86

Question 87

Question 88

Question 89

Question 90

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