ExamTopics Logo
Mail Us[email protected]
Menu
Test-Prep Discussions
exam questions

Exam CFA® Level 1 All Questions

View all questions & answers for the CFA® Level 1 exam
Go to Exam

Exam CFA® Level 1 topic 1 question 62 discussion

Actual exam question from Test Prep's CFA® Level 1
Question #: 62
Topic #: 1
[All CFA® Level 1 Questions]

According to the AIMR-PPS when presenting results, annual returns for all years must be presented. Performance for periods of less than one year

  • A. must be treated as all of the other performance results.
  • B. must not be included in the presentation.
  • C. must not be annualized.
  • D. must be prorated and appropriate disclosures made. C
Show Suggested Answer Hide Answer
Suggested Answer: Explanation 🗳️
Annual returns for all years must be presented. Performance for periods of less than one year must not be annualized. This is a requirement for presentation of results.
by KAla7223 at Jan. 30, 2023, 6:13 a.m.

Comments

Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.
Switch to a voting comment New
Submit Cancel
KAla7223
1 year, 11 months ago
According to the AIMR-PPS, performance for periods of less than one year should be presented in annualized terms. This means that the performance is shown as if it had been invested for one year, taking into account the compounding of returns over that time period.
upvoted 1 times
...
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel
exam
Someone Bought Contributor Access for:
SY0-701
London, 1 minute ago