CFA一级其他投资1：Which of the following statement is the best description of the value at risk of an alternative investment?
A. Time period during which a fixed amount is lost at a given probability level.
B. Minimum amount of loss expected over a given time period at a given probability level.
C. Probability of losing a fixed amount of money over a given time period.
CFA一级其他投资2：Considering an alternative investments fund that employs leverage and takes long and short positions in securities, then what is the name of this alternative investment?
A. hedge fund.
B. venture capital fund.
C. leveraged buyout fund.
CFA一级其他投资3：Choose one that investors most likely to trade in the secondary markets?
A. Open-end funds.
B. Closed-end funds.
C. Unit investment trusts.
CFA一级其他投资4：For a leveraged buyout, which one is least attractive characteristics of target company for investors?
A. Strong and sustainable cash flow.
B. Substantial amount of physical assets.
C. High leverage.
CFA一级其他投资5：Compared with over-the-counter derivatives, exchange-traded derivatives would most likely be:
B. Less transparent.
C. More transparent.