单项选择题

The correlation derived from a historical analysis of bond market returns in the U.S. and in Canada is 0.72. Which of the following statements is true（）

A. When the U. S. market has a below average performance, the Canadian market is likely to have a below average performance.
B. When the U. S. market rises 1%, the Canadian market rises 0.72%.
C. When the U. S. market rises, the Canadian market is more likely to decrease than increase.

<上一题目录下一题>

热门试题

单项选择题Based on CFA Institute Standards of Professional Conduct, which of the following statements is a violation of Standard Ⅰ (C), Misrepresentation（）

A. A young trainee bond trader tells a prospective client that she can assist the client in all the client’s investment needs: equity, fixed income, and derivatives and based on her years of experience as an analyst in the business that an investment looks like it has lots of potential.
B. A trust officer recommends lengthening the average maturity of a bond portfolio because she believes long-term interest rates will decline over the next few months.
C. An investment manager recommends to a prospective client an investment in GNMA bonds because they are guaranteed by the federal government.

单项选择题In accounting for long-term construction contracts, the percentage-of-completion method is preferable to the completed contract method when: （）

A. the contracts are of a relatively short duration (less than one year).
B. lack of dependable cost estimates cause forecasts to be doubtful.
C. estimates of the costs to complete and the extent of progress toward completion are reasonably dependable.