NO.PZ201604030300004504
问题如下：
4. Are Khadri’s statements in the quarterly newsletter consistent with CFA Institute Standards?
选项：
A.
Yes.
B.
No, because Statement 1 is opinion, not fact.
C.
No, because Statement 2 is opinion, not fact.
解释：
B is correct.
Standard V(B) —Communication with Clients and Prospective Clients requires the member or candidate to separate and distinguish "facts from opinions" in the presentation of analyses and investment recommendations. Statement 1 in the newsletter states that "China’s pegging of the yuan to the US dollar will end within the next 12 months which will lead to the yuan increasing in value by more than 40%, supporting our over-weighting of Chinese-related stocks in the portfolio." Khadri does not clearly differentiate between opinion and fact. The statement about the future of oil pricing is not as questionable because Khadri uses the term "should" which helps clients understand that this is an opinion and not a certainty. Members may communicate opinions, estimates, and assumptions about future values and possible events but they must take care to differentiate fact from opinion.
Statement 1: 人民币相对于美元的固定汇率制度将在12个月内结束，将会(will)导致人民币升值的幅度大于40%。支持了我们在基金中重仓人民币相关股票的行为。
- 这个Statement中，用了will这个词。这是混淆了事实和观点的，因为固定汇率制度还没结束，人民币是否增值超过40%也暂时未知，但Statement却用了will，所以错误。
这道题用will会混淆，请问第一题用模型simulated结果有信心will获得高收益就不是混淆opinion和fact？
