WITH RESPECT TO THE FIFTH ISSUE IN THE EXECUTIVE SUMMARY IN EXH...

17. - CFA 2018 EXAM LEVEL 3 DA4387 LEVEL III CFA MOCK EXAM 2018 AFTERNOON A
CFA 2018 EXAM LEVEL 3 DA4387 LEVEL III CFA MOCK EXAM 2018 AFTERNOON A

17. With respect to the fifth issue in the executive summary in Exhibit 1 relating to the level of

leverage in the failed fund, how would adopting The Code address this issue?

A. The Code prohibits the use of derivatives and leverage.

B. The Code recommends that the use of derivatives and leverage be disclosed to investors.

C. The Code does not address the use of derivatives and leverage in fund strategies.