2026 CFA Level I Exam: CFA Study Preparation

CFA Exams
2026 Level I
Topic 4. Financial Statement Analysis
Learning Module 2. Analyzing Income Statements
Subject 6. Income Statement Ratios and Common-Size Analysis
Basic Question

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Basic Question 0 of 11

An investor is asked to choose between:
A. An assured gain of $400
B. A 25% chance of gaining $2,000 and a 75% chance of gaining nothing
The investor chooses option A.

It's likely the investor is exhibiting:

A. no bias
B. loss-aversion bias
C. over-confidence bias

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User Contributed Comments 1

User	Comment
thevinu	How is it loss-aversion when the investor is not going to make any loss.

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Learning Outcome Statements

evaluate a company's financial performance using common-size income statements and financial ratios based on the income statement

CFA® 2026 Level I Curriculum, Volume 2, Module 2.