CFA Practice Question

There are 361 practice questions for this study session.

CFA Practice Question

"Material," in the phrase "material non-public information," refers to information that ______.
A. is arrived at through discussions with a special friend that works at the company
B. is arrived at through discussions with the senior management of a company
C. a normal investor would consider important in making an investment decision
Explanation: Information is material if its disclosure would be likely to have an impact on the price of the security OR if a reasonable investor would want to know the information prior to making an investment decision.

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