A GROUP OF FUND ANALYSTS HAVE TO SELECT THE FIRST, SECOND, AND THI...

27. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON VERSIONB QUESTIONS 2014
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON VERSIONB QUESTIONS 2014

27. A group of fund analysts have to select the first, second, and third best fund manager of the year for

2012 based on their subjective judgment. If 10 fund managers are candidates for the three awards,

the number of ways in which each analyst can make his ranking is closest to:

A. 120.

B. 30.

C. 720.