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Basic Question 0 of 6
CFA Institute's Standards of Professional Conduct prohibit CFA charterholders from making statements misrepresenting their qualifications, their firms' services, or the expected performance of any investment. These Standards are intended to apply to ______.
II. written statements
III. advertising
I. oral representations
II. written statements
III. advertising
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Learning Outcome Statements
compare the FCFE model and dividend discount models;
explain how dividends, share repurchases, share issues, and changes in leverage may affect future FCFF and FCFE;
evaluate the use of net income and EBITDA as proxies for cash flow in valuation;
CFA® 2025 Level II Curriculum, Volume 4, Module 22.