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请教GWD-TN-20 第40题~

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楼主
发表于 2011-12-2 17:36:52 | 只看该作者 回帖奖励 |倒序浏览 |阅读模式
40. GWD30-Q40:

Investment banks often have conflicting roles.They sometimes act for a client company by raising capital from other investment institutions as advantageously as possible, but their analysts also sometimes send unfavorable reports on the financial health of companies for whom they are raising capital to other clients who wish to make investments.Analyses of companies’ financial health need to be unbiased if an investment bank is to achieve long-term success.

If the statements above are true, which of the following practices, if adopted by an investment bank, would hinder its long-term success?

A.Evaluating and rewarding the bank’s analysts on the basis of recommendations made by managers who are solely engaged in raising capital for clients

B.Using reports by the investment bank’s analysts to determine how best to raise capital for a client

C.Sharing the task of raising capital for a client with other investment banks

D.Ensuring that conflicts between analysts and those who raise capital for clients are carefully mediated and resolved by impartial arbitrators

E.Monitoring the success or failure of analysts’ current predictions about how companies will perform financially, in order to determine the value of future predictions

答案选的是A, LZ百思不得其解,望指点Thanks a lot!

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沙发
发表于 2011-12-5 20:55:02 | 只看该作者
读懂题目了么?
投行经常扮演相互冲突的角色,一方面为了帮客户筹钱相其他金融机构大肆吹嘘,另一方面他们的分析师又给一些希望投钱机构发送一些不利于客户的财务报告。如果投行希望获得长期收益,那么他们对于公司的财务分析必须是公正的。

问 哪个会阻碍长期收益
从题目来看,可以得出的结论就是,投行必须综合两个方面的信息(说好话的和说坏话的)才能公正,从而保证长期收益
A 选项 recommendations made by managers who are solely engaged in raising capital for clients
只是负责筹钱的经理们的推荐,也就是只有好话,没坏话。
所以 会阻碍投行获得长期收益。
板凳
发表于 2013-9-13 20:23:34 | 只看该作者
Invest Bank has two types of clients—those who need capital; those who want to make investment.  
To achieve long-term success, analysts must stay as neutral as possible.

Question: Conducting what kind of practice will hinder IB’s long-term success.
Prephrase: This practice must prevent the analysts from being neutral.

A is the right answer since managers engaged in raising capital for clients would be very likely to biased to reward those analysts whose analyses are biased to the those who need capital. If this is the case, the IB’s analyses’ neutral stand can be hardly to sustain.
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