问题如下：
Leeter then uses a firm-
generated brochure (Exhibit 1) to inform Clickman about some other
potential funds that may interest him.
Exhibit 1 Funds in
Brochure
Leeter states that
although Altitude Funds and Pioneer Funds both use P/Es in their strategies,
both funds incorporate a growth strategy.
Using
Exhibit 1, Leeter’s statement about Altitude Funds and Pioneer Funds is
most likely:
选项：
A. correct
B. incorrect in regard to Altitude Funds
C. incorrect in regard to Pioneer Funds
解释：
The statement is
incorrect in regard to Pioneer Funds but is correct in regard to Altitude
Funds. Pioneer Funds uses a relative value strategy (i.e., seeks under-priced securities
relative to an industry value benchmark) that has no aspects of a growth
strategy.
Altitude Funds
uses a hybrid of value strategies (use of P/E) and growth strategies (use of
forward EPS) known as GARP (growth at a reasonable price).
A is incorrect.
The statement is incorrect in regard to Pioneer Funds but is correct in regard
to Altitude Funds. Pioneer Funds uses a relative value strategy (i.e., seeks
under-priced securities relative to an industry value benchmark) that has no
aspects of a growth strategy.
B is incorrect.
The statement is incorrect in regard to Pioneer Funds but is correct in regard
to Altitude Funds. Altitude Funds uses a hybrid of value strategies (use of
P/E) and growth strategies (use of forward EPS) known as GARP (growth at a
reasonable price).
