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Basic Question 1 of 6
The reading indicates that corporate profitability is considered by some analysts to be an important ______ indicator of the business cycle.
B. trailing
C. synchronizing
A. leading
B. trailing
C. synchronizing
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
explain how the phase of the business cycle affects short-term and long-term earnings growth expectations;
explain the relationship between the consumption hedging properties of equity and the equity risk premium;
describe cyclical effects on valuation multiples;
CFA® 2025 Level II Curriculum, Volume 6, Module 37.