CTFA Dumps CTFA Braindumps CTFA Real Questions CTFA Practice Test CTFA Actual Questions Financial CTFA Certified Trust and Financial Advisor (CTFA) https://killexams.com/pass4sure/exam-detail/CTFA QUESTION: 440 A person purchased a share of Acme.com common stock exactly one year ago for $45. During the past year the common stock paid an annual dividend of $2.40. The person sold the security today for $85. What is the rate of return the firm has earned? A. 5.3% B. 194.2% C. 88.9% D. 94.2% Answer: D QUESTION: 441 A set of possible values that a random variable can assume and their associated probabilities of occurrence are referred to as __________. A. Probability distribution B. The expected return C. The standard deviation D. Co-efficient of variation Answer: A QUESTION: 442 A statistical measure of the variability of a distribution around its mean is referred to as __________. A. Probability distribution B. The expected return C. The standard deviation D. Co-efficient of variation Answer: C QUESTION: 443 The weighted average of possible returns, with the weights being the probabilities of occurrence is referred to as __________. A. Probability distribution B. The expected return C. The standard deviation D. Co-efficient of variation Answer: B QUESTION: 444 Which of the following statements regarding covariance is correct? A. Covariance always lies in the range -1 to +1 B. Covariance, because it involves a squared value, must always be a positive number (or zero) C. Low co-variances among returns for different securities leads to high portfolio risk D. Co-variances can take on positive, negative, or zero values Answer: D QUESTION: 445 Total portfolio risk is __________. A. Equal to systematic risk plus non-diversifiable risk B. Equal to avoidable risk plus diversifiable risk C. Equal to systematic risk plus unavoidable risk D. Equal to systematic risk plus diversifiable risk Answer: D QUESTION: 446 It is a market condition normally associated with investor optimism, economic recovery, and expansion; characterized by generally rising securities prices. A. Bear market B. Bull market C. OTC D. Dealers market Answer: B QUESTION: 447 ______________ is a condition of the markets typically associated with investor pessimism and economic slowdown; characterized by generally falling securities prices. A. Bear market B. Bull market C. OTC D. Dealers market Answer: B QUESTION: 448 A person who buys and sells securities on behalf of clients and gives them investment advice and information is called: A. Stockholder B. Account executive C. Financial consultant D. All are one and the same Answer: D QUESTION: 449 A broker is: A. Far more than a salesperson B. Mostly interested in his own commission C. May not be socially known D. Can trade your stock without your permission Answer: A, B QUESTION: 450 A broker who, in addition to executing clients’ transactions, offers a full array of brokerage services is: A. Full-service broker B. Discount broker C. Online broker D. 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