- CFA Exams
- CFA Level I Exam
- Study Session 17. Portfolio Management (2)
- Reading 46. Economics and Investment Markets
- Subject 5. Equities and the Equity Risk Premium
CFA Practice Question
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
Correct Answer: A
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