QUESTIONS 109 THROUGH 114 RELATE TO ALTERNATIVE INVESTMENTS.

109. Exchange traded funds (ETFs) are affected by trading risk, which is most likely

to:

A. expose investors to counterparty credit risk.

B. result in prices that differ from Net Asset Value ( NAV).

C. provide investment results that do not correspond to the price and yield

performance of their respective indexes.

By accessing this mock exam, you agree to the following terms of use: This mock exam is provided to

currently-registered CFA candidates. Candidates may view and print the exam for personal exam

preparation only. The following activities are strictly prohibited and may result in disciplinary and/or legal

action: accessing or permitting access by anyone other than currently-registered CFA candidates; copying,

posting to any website, emailing, distributing and/or reprinting the mock exam for any purpose.