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Answer: Statement 2
## Explanation Statement 2 violates the CFA Institute Standard relating to conduct as participants in CFA Institute Programs because it reveals specific information about exam content. According to the CFA Institute Standards of Professional Conduct, candidates and members must not: - Disclose specific exam questions or topics that appeared on the exam - Reveal information about exam content that could compromise the integrity of the examination process Statement 2 specifically mentions that "they did not test the binomial option valuation model," which reveals information about what was NOT tested on the exam. This could provide an unfair advantage to future candidates by helping them narrow their study focus. **Analysis of other statements:** - **Statement 1:** Expresses a personal opinion about the relevance of CFA content but does not reveal exam-specific information - **Statement 3:** Discusses general study strategies and personal performance without revealing specific exam content Therefore, only Statement 2 violates the Standard by disclosing information about exam content.
Author: LeetQuiz Editorial Team
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Vivienne Mercier posts the following three statements on social media immediately after sitting for the CFA exam:
Which of Mercier's statements violates the Standard relating to conduct as participants in CFA Institute Programs?
A
Statement 1
B
Statement 2
C
Statement 3
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