When the Document Is in the Custody of a Public

question 26

Multiple Choice

When the document is in the custody of a public office:

• A) it is permissible to obtain photocopies, which are considered secondary evidence in a court of law.
• B) copies of the document should be made but kept separate from the original document.
• C) the document (or a copy) cannot be used as evidence in a court of law.
• D) a summary of the document will suffice.

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Definitions:

Fairly Priced Securities

Securities that are priced accurately based on their inherent risk and expected return.

Alphas

The excess returns of an investment relative to the return of a benchmark index, indicating the added value by the portfolio manager.

Betas

A measure of a stock's volatility relative to the overall market; a reflection of its risk compared to the market.

Arbitrage Opportunity

A situation where a trader can make a profit without risk by simultaneously buying and selling the same or equivalent assets in different markets to exploit price differences.