Question 466
In terms of CFA Institute's Standards of Professional Conduct when dealing with the purpose and scope of Standard V(A): Diligence and Reasonable Basis, which of the following statements are correct?
I). Members must establish a reasonable basis for all investment recommendations and actions.
II). This standard is meant to address only the member-client relationship.
III). Diligence must be exercised to avoid any material misrepresentation.
IV). Records and documentation must be maintained in order to support the investment recommendations and actions.
I). Members must establish a reasonable basis for all investment recommendations and actions.
II). This standard is meant to address only the member-client relationship.
III). Diligence must be exercised to avoid any material misrepresentation.
IV). Records and documentation must be maintained in order to support the investment recommendations and actions.
Question 467
Given the following information about a company: Sales of $1.2 million, Payables payment period of
6 0 days, Cost of goods sold equals 70% of sales. What is the company's average trade payables using a
3 65-day year?
6 0 days, Cost of goods sold equals 70% of sales. What is the company's average trade payables using a
3 65-day year?
Question 468
Which of the following statements is correct?
Question 469
Margin loans may increase the purchase of stocks. Declining margin debt may force the selling of stocks. This is using margin debt as a:
Question 470
Seabreeze Mortgage Securities has mortgage backed securities outstanding that have a monthly cash flow yield of 0.325%. What is their annualized cash flow yield?