ORION SERIES 65 COMPREHENSIVE FINAL
SOLUTIONS 2026 GRADED A+
⫸ One respect in which an LLC differs from an S corporation is that
Answer: there is no statutory limit on the number if investors in an
LLC
⫸ There are several popular investment styles and, in many cases,
portfolio managers use a blended approach to security selection. If a
portfolio manager adhered to a pure value style, he would put most of
his focus on: Answer: the company financial statements
⫸ Asset allocation is an important element of the portfolio
management process because:
I. Different asset classes have different risk and return characteristics
II. Research indicates that asset allocation is much more important
than security selection.
III. Portfolios that are focused on different asset classes will have very
different returns over time
IV. investors may prefer returns in different forms (eg. income or
capital appreciation) Answer: I, II, III, and IV
⫸ An investment adviser is doing some research on a company and
notices that the current price is $21 per share. The most recently
reported EPS is $3 and the company is paying a 19 cent quarterly
dividend. On the balance sheet, the company is carrying a significant
SOLUTIONS 2026 GRADED A+
⫸ One respect in which an LLC differs from an S corporation is that
Answer: there is no statutory limit on the number if investors in an
LLC
⫸ There are several popular investment styles and, in many cases,
portfolio managers use a blended approach to security selection. If a
portfolio manager adhered to a pure value style, he would put most of
his focus on: Answer: the company financial statements
⫸ Asset allocation is an important element of the portfolio
management process because:
I. Different asset classes have different risk and return characteristics
II. Research indicates that asset allocation is much more important
than security selection.
III. Portfolios that are focused on different asset classes will have very
different returns over time
IV. investors may prefer returns in different forms (eg. income or
capital appreciation) Answer: I, II, III, and IV
⫸ An investment adviser is doing some research on a company and
notices that the current price is $21 per share. The most recently
reported EPS is $3 and the company is paying a 19 cent quarterly
dividend. On the balance sheet, the company is carrying a significant
