更多"Luis Rodriguez, CFA, is an analyst "的相关试题:
[单项选择]A financial analyst and CFA Institute member sends a preliminary research report on a company to his supervisor. The supervisor approves the report, but then the analyst receives news that causes him to revise downward the earnings estimate of the company. The analyst resubmits the report to the supervisor with the new earnings estimate. The analyst soon finds out that the supervisor plans to release the first version of the report with the first earnings estimate without a reasonable and adequate basis. In response to this the analyst must:（）
A. only insist that the first report be followed up by a revision.
B. only take the issue up with regulatory authorities.
C. insist that the supervisor change the earnings forecast or remove his (the analyst’s) name from the report.
[单项选择]Karen Wilson, CFA, supervises eight junior analysts at Spartan Financial Services. Karen suspects that one of the analysts is violating Spartan’s personal investing policy. According to the Standards of Practice Handbook, Karen’s most appropriate initial action is to:（）
A. initiate an investigation.
B. notify her supervisor of the analyst’s suspected misconduct.
C. require the analyst to liquidate and close all personal accounts.
[单项选择]An analyst, who is a CFA Institute member, manages a high-grade bond mutual fund. This is his only professional responsibility. When the analyst comes across a speculative stock investment that he feels is a good investment for his personal portfolio, the analyst:（）
A. may invest in the stock because the analyst would not purchase the stock for the bond portfolio he manages.
B. may not invest in the stock because of his position as a portfolio manager.
C. is in violation of Standard Ⅳ (A), Loyalty to Employer, by spending time analyzing stocks when he should only analyze bonds.
[单项选择]Samuel Goldstein, CFA, is an analyst for Tamarack Securities. Goldstein’s father, Reuben, has a client account at Tamarack. In ordering trades, Goldstein should place orders in:（）
A. his clients’ accounts first, his father’s account second, and his account last.
B. his clients’ and his father’s accounts in the first group and his personal accounts in the second group.
C. his clients’ accounts in the first group and his father’s and his own personal account in the second group.
[单项选择]Vivian, CFA, a research analyst assigned to Double Limited, has been recommending the stock’s purchase in her quarterly report. Vivian has recently married and just discovered her husband’s trust account owns several million dollars worth of Double Limited. The stock makes up more than 50 percent of the trust’s value but less than 5 percent of Double Limited’s outstanding shares. According to AIMR Standards of Professional Conduct, Vivian should:（）
A. take no action because the stock is not in her name.
B. disclose her interest in the stock at the time of her next report.
C. cease including Double Limited stock in her report.
[单项选择]Michael Malone, CFA, is an investment analyst for a large brokerage firm in New York who covers the airlines industry. Alter hours in his personal time, Malone maintains an online blog on which he expresses his personal opinions about various investment opportunities, including, but not limited to, the airlines industry. On his blog, he posts a very negative investment opinion about WestAir stock. Malone knows that WestAir’s stock will be downgraded to a "sell" by his firm next week. Malone has:（）
A. violated Standard Ⅵ (B) Priority of Transactions by releasing material information to the public before releasing to the firm’s clients.
B. violated Standard Ⅱ (A) Material Nonpublic Information by releasing material that could negatively impact the price of the security.
C. violated Standard Ⅳ (A) Loyalty by divulging confidential information that is the intellectual property of his employer.
[单项选择]Mason Snow, CFA, is an analyst with Polari Investments. Snow’s manager has instructed him to put only securities that are undervalued on the buy list. Today, Snow is to make a recommendation on the following two stocks: Bahre (with an expected return of 10 percent and a beta of 1.4) and Cubb (with an expected return of 15 percent and a beta of 2.0). The risk-free rate is at 7 percent and the market premium is 4 percent. Snow places:（）
A. neither security on the list.
B. only Bahre on the list.
C. only Cubb on the list.
[单项选择]Will Lambert, CFA, is a financial analyst for Offshore Investments. He is preparing a purchase recommendation on Butch Corporation for internal use. According to the CFA Institute Standards of Professional Conduct, which of the following statements about disclosure of conflicts is not required Lambert would not need to disclose to his employer:（）
A. offshore is an OTC market maker for Butch Corporation’s stock.
B. his wife owns 2000 shares of Butch Corporation.
C. he is a beneficiary of a pension plan of his former employer that owns a large number of shares of Butch’s stock.
[单项选择]Gloria Arraria, CFA, is a stock analyst at a large multinational bank trust department. A cash tender offer was announced by a company whose stock was held by Arraria’s employer as well as by her sister. Under the terms of the offer, the first million shares tendered would be accepted in full at $45 a share (which was 15% above the existing market) and the next one million shares on a pro rate basis also at $ 45 a share. Arratia immediately called her sister with the news but waited a few days to tender holdings of the trust department. This situation violated Standard:（）
A. Ⅰ (B)Independence and Objectivity.
B. Ⅵ (B) Priority of Transactions.
C. Ⅳ (A) Loyalty.
[单项选择]Isabella Travelli, CFA, is a research analyst for Worldwide Investments in Rome, Italy. Travelli was contacted by Seaside Partners of Milan, Italy, a regional brokerage firm, about doing research on companies in the beverage industry on a contract basis. Travelli may only do the contract work:（）
A. after receiving consent from both Worldwide and Seaside.
B. if Worldwide has no clients in the same geographic area as Seaside.
C. if Worldwide does not follow the beverage industry.
[单项选择]Michael Robe, CFA, is a junior analyst for a large financial institution and has been preparing an analysis of United Mines, a coal mining company located in the United States. As part of his research, he examines the company’s proxy voting and rules and practices. Which of the following policies would be considered the most restrictive to shareholders（）
A. United Mines allows proxy voting.
B. Shareholders of United Mines are allowed to cast confidential votes but must be present to do so.
C. United Mines requires shareowner attendance to vote but coordinates the timing of its annual meeting to hold them on the same day as other companies in the region.
[单项选择]When an analyst makes an investment recommendation, which of the following statements must be disclosed to clients（）
A. The firm is a market maker in the stock of the recommended company.
B. An employee of the firm holds a directorship with the recommended company.
C. All of these statements must be disclosed to clients.
[单项选择]An analyst gathered the following information about Weston Chemical’s stock: Estimated sales per share=$12.19 Earnings before interest, taxes, depreciation, and amortization (EBITDA)=73% Interest expense per share=$ 2.07 Depreciation expense per share=$ 6.21 The tax rate=35% Weston’s estimated Earnings per Share (EPS) is closest to:
[单项选择]An analyst collects the following information regarding spot rates of interest: 1-year rate=4%. 2-year rate=5%. 3-year rate=6%. 4-year rate=7%. Utilizing the pure expectations theory of the term structure of interest rates, the expected annualized 2-year interest rate two years from today will be:
