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NEW QUESTION: 1
Rating as a guideline criteria means
Please choose the correct answer.
Response:
A. Performance rating is used in calculating range penetration
B. Performance rating is used in calculating benchmark
C. Performance rating is used in calculating salary range
D. Performance rating is used to drive the guideline range
E. Performance rating is used to define the target salary of planners
Answer: D

NEW QUESTION: 2
Refer to the exhibit.

Which switch becomes the root bridge?
A. S3
B. S2
C. S4
D. S1
Answer: B

NEW QUESTION: 3
Donald McKay, CFA, is analyzing a client's fixed income portfolio. As of the end of the last quarter, the portfolio had a market value of $7,545,000 and a portfolio duration of 6.24. McKay is predicting that the yield for ali of the securities in the portfolio will decline by 25 basis points next quarter. Which of the following statements regarding the portfolio's performance next quarter is most accurate?
A. For the expected change in portfolio yield next quarter, the market value of the portfolio will change by approximately 6.24%.
B. If the yield curve has a 50 basis point downward parallel shift next quarter, the portfolio will increase in value by approximately $235,404.
C. The portfolio's ending value after the expected decline in yields will be approximately $7,427,298.
Answer: B