CFAlevel1-Mock-1141/45Questions1~18RelatetoEthics..................................................................................2Questions19~32RelatetoQuantitativeanalysis......................................................8Questions33~44RelatetoEconomics......................................................................13Questions45~68RelatetoFinancialStatementAnalysis.......................................18Questions77~88RelatetoEquityinvestment.........................................................32Questions89~94RelatetoDerivatives.....................................................................36Questions95~106RelatetoFixed-incomeAnalysis................................................38Questions107~110RelatetoAlternativeInvestments............................................42Questions111~120RelatetoPortfolioManagement.............................................43CFAlevel1-Mock-1142/45Questions1~18RelatetoEthics1.Correctanswer:A.Membersandcandidatesmustself-discloseontheannualProfessionalConductStatementallmattersthatquestiontheirprofessionalconduct,suchasinvolvementincivillitigationorcriminalinvestigationsorbeingthesubjectofawrittencomplaint.CFALevelI"CodeofEthicsandStandardsofProfessionalConduct"2.Correctanswer:B.SellingstockshortisamanagementstrategyanddoesnotnecessarilyviolateanyaspectoftheStandardsofProfessionalConduct.CFALevelI"GuidanceforStandardsI–VII"StandardII(B)–MarketManipulation3.Correctanswer:C.KozniakdoesnotappeartohaveviolatedanyCFAInstituteStandardsofProfessionalConduct.BecausesheisknowninthemarketforinvestingandbrokeringpropertyandbothpartieshaveworkedwithKozniakinthepast,bothpartieswouldknowofherinterests.Inaddition,inbothcases,sheactsforherownaccountasaprimaryinvestor,notasabroker.Shebuysthepropertyforherownportfolioandthensellsthepropertyfromherownportfolio.Therefore,KozniakdidnotviolateStandardVI(A)–DisclosureofConflicts.Whenshepurchasedthepropertyforherportfolio,shesavedherclientfromlosingthebuildingtothebankanddidno...
