CFA Practice Question

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CFA Practice Question

Consider the following statements:

I. The whole distribution of returns can be summarized by its mean and variance if the distribution is normal.
II. Investment choices can also be evaluated by only looking at the downside risk.
III. The risk that a portfolio value falls below an acceptable level during a certain time frame is called shortfall risk.

Which of the above statements is not true?
Correct Answer: None of the above

All statements are true.

User Contributed Comments 2

User Comment
danlan II means the use of safety-first criterion, I think.
ajit Read..Forest...Read
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