Question 351

Fran Dew is an analyst at a large brokerage house. Her husband, John, is an equity salesman at the same brokerage house. John is holding a large position of stock in a company called QRE. QRE have performed very badly of late and John is battling to sell the stock. John calls Fran and asks her as a special favor to him if she can please call some of her institutional clients and sell them large quantities of
QRE. Fran does this and sells off a large quantity of stock to her large clients. In terms of CFA Institute's
Standards of Professional Conduct per Standard I). B.
(Independence and Objectivity), has Fran violated this Standard?
  • Question 352

    Bonds that are said to have a bullet maturity are:
  • Question 353

    Using a 365-day year, if a firm has net annual sales of $250,000 and average receivables of
    $ 150,000, what is its average collection period?
  • Question 354

    Which ones of the following items are examples of intangible assets:
    I). Franchises.
    II). Goodwill.
    III). Secret processes.
    IV). Organization costs.
  • Question 355

    You are investigating whether the population variance of returns on the S&P 500 changed subsequent to September 11 2001. You gather data for 20 months before and after September 11. Mean monthly return, Standard Deviation, Variance Before September 11, 20, 2.987, 6.987, 48.818 After September 11,
    2 0, 2.435, 4.987, 24.870
    At the 0.01 level of significance: