CFA考试资料Kaplan Exam Qbank L2（考友版）V1 Exam 2 PM - Answers.pdf

CFA Level II Questions #1-6 of 60 Use the following information to answer Questions 61 through 66. Pat Wilson, CFA, is the chief compliance officer for Excess Investments, a global asset management and investment banking 7 3 2 services company. Wilson is reviewing two investment reports written by Peter Holly, CFA, an analyst and portfolio manager who 1 q has worked for Excess for four years. Hollys first report under compliance review is a strong buy recommendation for BlueNote, i s Inc., a musical instrument manufacturer. The report states that the buy recommendation is applicable for the next 6 to 12 months u m with an average level of risk and a sustainable price target of $24 for the entire time period. Further, the report states that the risk : t analysis is based on 95% VaR (calculated using the parametric method) and that price declines over the investment horizon a