2025年CFA一级《道德与专业准则》模拟试卷.docxVIP

2025年CFA一级《道德与专业准则》模拟试卷

考试时间：______分钟总分：______分姓名：______

试题部分

1.Ananalystisevaluatingacompanyforinclusioninaportfoliorecommendedtoaclient.Theclienthasasmallholdinginthecompanyandhasexpressedastrongdesiretoincreasethisposition.Theanalystsassessmentofthecompanyispositive,buttheanalystalsonotesthatthecompanysstockhasbeenunderperformingthemarketrecently.Whichofthefollowingactionsismostappropriatefortheanalyst?

A.Fullyrecommendincreasingtheclientspositioninthecompanybasedonthepositiveassessment,disregardingthestocksrecentunderperformance.

B.Recommendincreasingtheclientspositiononlyifthestockspriceimprovestomeetacertainperformancethreshold.

C.Disclosetheclientsexistingpositionandthedesiretoincreaseit,butproceedwithathorough,objectiveanalysisofthecompanywithoutlettingtheclientsbiasinfluencetherecommendation.

D.Informtheclientthatduetothestocksrecentunderperformance,thecompanyisnotsuitableforinclusionintheportfolio,regardlessoftheanalystspositiveassessment.

2.Aportfoliomanagerisconsideringinvestinginastartupcompanyfoundedbyaclosefamilyfriend.Theportfoliomanagerbelievestheinvestmenthasstrongpotentialbutalsonotesthatthestartupsbusinessmodelisunprovenandtheinvestmentcarriessignificantrisk.Theportfoliomanagersbrotherworksforacompetitorofthestartup.Whichofthefollowingactionsismostappropriatefortheportfoliomanager?

A.ProceedwiththeinvestmentafterdisclosingthepotentialconflictofinteresttotheCFAInstituteInstituteandobtainingtheirapproval.

B.Avoidtheinvestmenttomitigatetheconflictofinterest,eventhoughtheinvestmentopportunityisdeemedattractive.

C.Investasmallportionoftheportfoliointhestartuptobalancetherisk,whilefullydisclosingtherelationshipandthepotentialbias