FOREMAN MAY HAVE HIGHER EXPENSES (MANAGEMENT FEES SUPERIOR RISK-ADJ...

1. - L3 MOCK SAMPLE EXAM CFA LEVEL III GUIDELINE ANSWERS 2005
L3 MOCK SAMPLE EXAM CFA LEVEL III GUIDELINE ANSWERS 2005

1. Foreman may have higher expenses (management fees

superior risk-adjusted

and administrative charges) resulting in a net return that

performance compared with

is below Copeland’s net return.

Copeland for 2004.”