Online Access Free CSC2 Practice Test

What is the primary goal of a buy-side trader?

• A.To maintain good, professional relationships with sales and trading staff of dealers with whom the firm does business.
• B.To provide pertinent and timely information to the head of fixed-income and equity markets.
• C.To remain informed at all times of the portfolio manager's detailed investment strategy.
• D.To execute the portfolio manager's trades at the best prices available in the market at the time of the trade.

All things being equal and assuming a stable economy, which factor most likely limits the effectiveness of fiscal policy?

• A.Time required to approve tax legislation.
• B.Level of inflation.
• C.Level of tax rates.
• D.Level of short-term interest rates.

In March of this year, a client buys 1,000 PIL inc, common shares at $16 per share and pays a commission of
$25 on the purchase. Several months later in the same year, the client sell the shares at $12 per share and pays commission of $50 on the sale. What is the client's allowable capital loss on the transaction?

• A.$1,925
• B.$2,038
• C.$2,013
• D.$2,025

The following financial information is available for fund SKE:

What is SKE fund's net asset value per share?

• A.$11, 90
• B.$10, 00
• C.$12,00
• D.$9,90

How is the ex-port real rate of return calculated?

• A.The ex-post nominal rate of return minus the annual inflation rate.
• B.The ex-post nominal rate of return minus the risk-free rate.
• C.The ex-ante nominal rate of return adjusted by portfolio beta.
• D.The ex-ante nominal rate of return minus the annual inflation rate.