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8. Charlie Mancini, CFA, is the Managing Director for Business Development at SV Financial, (SVF), a large U.S. based mutual fund organization. Mancini has been under pressure recently to increase revenues. In order to secure business from a large hedge fund manager based in Asia, Mancini recently approved flexible terms for the fund’s client agreement. To allow for time zone differences, the agreement permits the hedge fund to trade in all of SVF’s mutual funds six hours after the close of U.S. markets. Did Mancini violate any CFA Institute Standards of Professional Conduct?
A. No.
B. Yes, with regard to Fair Dealing.
C. Yes, with regard to Fair Dealing and Material Nonpublic Information.
这道题是什么意思呢，flexible terms 怎么能体现不公平，而且Material Nonpublic在哪里？
Member亲属的账户应该trade equally as other clients’ account,
有member个人利益的账户在其中（如近亲的账户）要如何处理呢？
59. A capital lease requires annual lease payments of $2,000 at the start of each year. Fair value of the leased equipment at inception of the lease is $10,000 and the implicit interest rate is 12 percent. If the present value of the lease payments equals the fair value of the equipment at the inception of the lease, the interest expense (in $) recorded by the lessee in the second year of the lease is closest to:
A. 960.
B. 1,104.
C. 1,200.
为什么第一年不用计算利息。
我的想法是：
第一年
10，000*12%=1200 的利息，那本金就偿还了800；
第二年
9200*12%=1104的利息
96.
| The following information relates to a futures contract: Initial futures price on Day 0 | $100 |
| Initial margin requirement | $5 |
| Maintenance margin requirement | $3 |
| Settlement price on Day 1 | $103 |
| Settlement price on Day 2 | $96 |
| Settlement price on Day 3 | $98 |
If no funds are withdrawn and margin calls are met at the beginning of the next day, the ending margin account balance on Day 3 for an investor with a short position of 10 contracts is closest to:
A. $70.
B. $80.
C. $100.
第二天末应该是30+70=100吧，怎么会变成120呢，这道题最后的答案我算出来是B80
请教达人指导~~
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