CFA考试资料答案R02.9 Standard VI - Answers.pdfVIP

Joan Platt, CFA, operates an investment rm in New York, but maintains an oce in Xania. Platts rm invests on its clients behalf in both domestic and international stocks and bonds. Platts employees include two analysts, Paula Linstrom, CFA, and Hershel Wadel, a member of the CFA Institute. Both analysts report to Platt directly. Thorvald Knudsen, CFA, manages the international bond portfolio. Xania recently established a stock market, which is not very ecient. None of the Xanian stocks trade in the U.S. market. Xania legally permits the use of material inside information. Platt believes that using inside information would help her compete against other Xanian investment advisers, and also help some of her Xanian clients reach their investment objectives. Platt instructs Wadel to write a research report on Gamma Company. Wadels wife inherited 500 shares of Gamma Company from her father when he died ve years ago. Gamma stock currently sells for $35 a 7 3 share. Wadel does not believe that informing Platt about his wifes inheritance is necessary. 2 1 q Doris Black, one of Wadels long-time clients, verbally promised Wadel that he could use her vacation i s home in Aspen, Colo., for a week during skiing season if the return on her portfolio exce