CFA一级其他投资1：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2：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3：A hedge fund adopts a market neutral strategy. This strategy restricts its to invest in actively traded securities that are domestic publicly traded. Which of the following is most likely to use to value underlying positions in order to calculate net asset value?
A. Average quotes.
B. Average quotes adjusted for liquidity.
C. Bid price for shorts and ask price for longs.
CFA一级其他投资4：Please choose a strategy that could exploit pricing discrepancies between assets of issuing companies?
A. Event-driven strategies.
B. Macro strategies.
C. Relative value strategies.
CFA一级其他投资5：Choose of the following investment has low risk tolerance and high liquidity requirements.
B. Insurance company.
C. Defined-benefit pension plan.