2013 schweser kaplan cfa level 2 study notes book 2

Tóm tắt cuốn Sổ tay ghi chú học tập theo CFA Level 2 dành cho những năm 2013, Schweser và Kaplan, Sách 2: **Quản lý đầu tư** * Xác định cổ phiếu giá trị và cổ phiếu tăng trưởng * Thực hiện phân tích tăng trưởng, lợi tức và định giá * Sử dụng các mô hình định giá cổ phiếu như mô hình tăng trưởng Gordon và mô hình chiết khấu cổ tức * Đánh giá rủi ro và lợi nhuận khi đầu tư vào cổ phiếu * Hiểu về quản lý danh mục đầu tư và đa dạng hóa * Đánh giá hiệu suất của danh mục đầu tư **Tài sản cố định** * Thực hiện phân tích dòng tiền chiết khấu (DCF) * Đánh giá bất động sản và cơ sở hạ tầng * Hiểu về các nguồn tài trợ bất động sản và cơ sở hạ tầng * Sử dụng các chỉ số rủi ro và lợi nhuận để đánh giá đầu tư vào tài sản cố định **Các khoản đầu tư thay thế** * Đánh giá đầu tư vào hàng hóa, tiền tệ và tài sản thực * Hiểu về rủi ro và lợi nhuận của các khoản đầu tư thay thế * Sử dụng các chiến lược đầu tư thay thế như đầu tư vào quỹ đầu cơ và đầu tư vào tư bản tư nhân **Quản lý danh mục đầu tư** * Xây dựng và quản lý danh mục đầu tư đa dạng * Sử dụng các chiến lược quản lý rủi ro như phòng vệ và tránh rủi ro * Đánh giá hiệu suất của danh mục đầu tư và điều chỉnh khi cần thiết **Đạo đức và chuyên nghiệp** * Hiểu về các tiêu chuẩn đạo đức và pháp lý liên quan đến quản lý đầu tư * Thực hiện các hoạt động quản lý đầu tư một cách có trách nhiệm và chuyên nghiệp

Ngày tải lên: 20/12/2013, 10:13

... Transactions Referral Fees Responsibilities as a CFA Institute Member or CFA Candidate Conduct in the CFA Program Reference to CFA Institute, CFA Designation, and CFA Program QUANTITATIVE METHODS Machine ... nd, translate with current rates Net purch power gain/loss reported in income 最? ?CFA? ??FRM、AQF、ACCA资料欢迎添加微? ?28 69 822 79 Beneish model: Used to detect earnings manipulation based on eight variables ... Linear Regression Correlation: Ny = covXY (sx )( sy ) t-test for r (n ? ?2 df): t = r>/n ? ?2 V l-r cov xy Estimated slope coefficient: CFA? ? E x a m M SR = RSS / k • M SE = SSE / (n - k - 1) • Test statistical

Ngày tải lên: 23/05/2019, 08:56

... 0.17 72 0.1808 0.1844 0.1879 0.5 0.1915 0.1950 0.1985 0 .20 19 0 .20 54 0 .20 88 0 .21 23 0 .21 57 0 .21 90 0 .22 24 0.6 0 .22 57 0 .22 91 0 .23 24 0 .23 57 0 .23 89 0 .24 22 0 .24 54 0 .24 86 0 .25 17 0 .25 49 0.7 0 .25 80 0 .26 11 ... 0 .25 80 0 .26 11 0 .26 42 0 .26 73 0 .27 04 0 .27 34 0 .27 64 0 .27 94 0 .28 23 0 .28 52 0.8 0 .28 81 0 .29 10 0 .29 39 0 .29 67 0 .29 95 0.3 023 0.3051 0.3078 0.3106 0.3133 0.9 0.3159 0.3186 0. 321 2 0. 323 8 0. 326 4 0. 328 9 0.3315 ... 24 6 24 9 25 3 SCHWESERNOTES™ 20 13 CFA LEVEL III BOOK 4: ALTERNATIVE INVESTMENTS, RISK MANAGEMENT, AND DERIVATIVES ? ?20 12 Kaplan, Inc All rights reserved Published in 20 12 by Kaplan Schweser

Ngày tải lên: 28/03/2018, 16:42

... ) (;m � 42 43 42 42 47 48 52 52 47 48 8 .2% 9.9% 7.6% 8 .2% 9 .2% 9.4% 20 .2% 22 .2% 9.8% 7.9% 20 2 20 5 20 0 20 2 22 4 23 5 24 5 24 3 23 8 24 2 320 2 320 5 320 0 320 2 323 4 323 5 324 5 324 3 323 8 324 2 Falcon Wealth ... Return 1996 1997 998 1999 20 00 20 01 20 02 2003 20 04 20 05 45.8% -6.8% 2. 2% 9.7% 33 .2% 22 .6% 22 .9% -28 .3% -25 .3% 29 .8% 38 .2% -9.9% 3.6% 8 .2% 29 .2% 29 .4% 22 .2% -22 .2% -29 .8% 27 .9% Total Composite Total ... Published in 20 12 by Kaplan Schweser Printed in the United States of America ISBN: 978-1 - 427 7- 422 7-8 I - 427 7- 422 7-8 PPN: 320 0 -28 59 If this book does not have the hologram with the Kaplan Schweser

Ngày tải lên: 28/03/2018, 16:43

... 175 178 25 7 26 2 26 4 20 13 2: SCHWESERNOTES™ CFA LEVEL III BOOK INSTITUTIONAL INVESTORS, CAPITAL MARKET EXPECTATIONS, ECONOMIC CONCEPTS, AND ASSET ALLOCATION ? ?20 12 Kaplan, Inc All rights ... Asset Class Weights % A B c D 5.95o/o 0.756 12 13 70 7 .25 o/o 8.30o/o 0.633 22 21 52 8.00o/o 1 15% 0.538 32 18 15 35 8.75o/o 14 .25 o/o 0.474 42 21 22 15 2% 25 % for Carlson and Olsen, Assuming inflation ... Published in 20 12 by Kaplan Schweser Printed in the United States of America 978-1- 427 7- 423 9-1 I 1- 427 7- 423 9-1 PPN: 320 0 -28 56 ISBN: If this book does not have the hologram with the Kaplan Schweser

Ngày tải lên: 28/03/2018, 16:43

... 134 Study Session 12- Equity Portfolio Management 188 22 1 22 5 22 7 Self-Test- Equity Portfolio Management Formulas Index SCHWESERNOTES™ 20 13 CFA LEVEL ... 978-1- 427 7- 425 9-9 I 1- 427 7- 425 9-6 PPN: 320 0 -28 57 If this book does not have the hologram with the Kaplan Schweser logo on the back cover, it was distributed without permission of Kaplan Schweser, ... review is industry convention as presented in Reading 23 of the 20 13 CFA Level III curriculum ? ?20 Kaplan, Inc Page Study Session Cross-Reference to CFA Institute Assigned Reading #30 • • • - Emerging

Ngày tải lên: 28/03/2018, 16:43

... 25 7 Index 26 2 SCHWESERNOTES™ 20 14 CFA LEVEL II BOOK 5: DERIVATIVES AND PORTFOLIO MANAGEMENT ? ?20 13 Kaplan, Inc All rights reserved Published in 20 13 by Kaplan, Inc ... 978-1- 427 7-4914-7 I 1- 427 7-4914-0 PPN: 320 0-4015 If chis book does nor have the hologram with the Kaplan Schweser logo on the back cover, it was distributed without permission of Kaplan Schweser, ... by CFA Institute STUDY SESSION 16 Reading Assignments Derivatives and Portfolio Management, CFA Program Curriculum, Volume 6, Level II (CFA Institute, 20 13) 51 Forward Markets and Contracts 52

Ngày tải lên: 28/03/2018, 16:51

... Benchmark Interest Rate Paths for 3-year horizon Path Year Year Year 2% 2% 2% 2% 2. 8050% 2. 8050% 2. 0780% 2. 0780% 4.0787% 3. 021 6% 3. 021 6% 2. 2384% Dixon wants Song to value three-year, 4% annual pay, $100 ... in years 2, and 3, respectively The values for each path and the average value is shown below Path Year 1 2% 2% 2% 2% Path value = C Year 2. 8050% 2. 8050% 2. 0780% 2. 0780% (1. 02) (1.02X1. 028 05) Year ... ABS 26 5 credit enhancement 25 6 credit ratings 23 2, 23 3 credit risk 23 0 credit scoring 23 1 credit spread 23 1 current income 12 curvature 159, 160 D debt service coverage ratio (DSCR) 32, 26 3 demographic

Ngày tải lên: 28/03/2018, 17:04

... Violators will be prosecuted SCHWESERNOTES™ 20 15 CFA LEVEL II BOOK 5: DERIVATIVES AND PORTFOLIO MANAGEMENT ? ?20 14 Kaplan, Inc All rights reserved Published in 20 14 by Kaplan, Inc Printed in the United ... ? ?20 14 Kaplan, Inc page 153 page 21 8 page 23 2 page 24 3 Page PRINTED BY: guidenotes.com - all materials about CFA ACCA FIA CAT CIMA Printing is for personal, private use only No part of this book ... 978-1-4754 -27 73-8 / 1-4754 -27 73-5 PPN: 320 0-5546 If this book does not have the hologram with the Kaplan Schweser logo on the back cover, it was distributed without permission of Kaplan Schweser,

Ngày tải lên: 28/03/2018, 17:04

... page 126 STUDY SESSION Reading Assignments Financial Reporting and Analysis, CFA Program Curriculum, Volume 2, Level II (CFA Institute, 20 14) 20 Evaluating Quality of Financial Reports 21 Integration ... page 165 page 191 STUDY SESSION Reading Assignments Corporate Finance, CFA Program Curriculum, Volume 3, Level II (CFA Institute, 20 14) 22 Capital Budgeting 23 Capital Structure 24 Dividends and ... use only No part of this book may be reproduced or transmitted without publisher's prior permission Violators will be prosecuted SCHWESERNOTES™ 20 15 CFA LEVEL II BOOK 2: FINANCIAL REPORTING AND

Ngày tải lên: 16/08/2018, 14:34

... accounts 27 2 tax alpha 27 8 tax avoidance 22 6, 321 tax considerations 22 6 tax deferral 22 6, 25 8 tax-deferred account 27 2 tax drag 25 5 taxes and investment risk 27 7 taxes on consumption 25 1 taxes ... income 25 1 tax evasion 321 tax-exempt account 27 2 tax j urisdiction 315 tax loss harvesting 28 0 tax reduction 22 7 tax regimes 25 4 technical anomalies 153 territorial tax system 315 time horizon 22 5 ... statement 21 8 investment process and actions 105 investment risk 27 7 investor psychology 21 6 irrevocable trust 22 8,314 isolation effect 148 345 marginal tax rate 25 2 market anomalies 1 52 market

Ngày tải lên: 16/08/2018, 14:34

... LEVEL I BOOK 3: EQUI T Y I N VESTMENTS ? ?20 Publi12shedKaplina20n, 1I2nc.byAlKapll rigahtnsSchwes reserved.er PriISBN:nted978-1in the4Uni277-te4d245-Stat2esIof1-Ameri c a 27 74 24 56 PPN: 320 0 -28 51 ... Study Session 12- Equity Investments: Valuation Models Self-Test - Equity Investments Formulas lndex 43 106 26 6 27 1 27 6 SCHWESERNOTES™ 20 13 CFA LEVEL ... ResPriviatduale Company Equity, STUDY SESSION 11 pagepage219 Equity, STUDY SESSION 12 page 4361 page Equity, ? ?20 12 Kaplan, Inc page 151106 page page 22 7195 page Page Book Equity Investments Readings

Ngày tải lên: 04/03/2019, 13:39

... underlying will distribute 2. 927 7 at Time t = 0.5: γt = 2. 927 7 The time until the distribution of 2. 927 7 is t, and hence, the present value is γ0 = 2. 927 7/(1 + 0.05)0.5 = 2. 8571 The time between ... = [ (2. 84 )2 – 2( 2.84)(4.64)(0.575) + (4.64 )2] 1 /2 = 3.80% The active investor assigns a “score” of either +1.0 or –1.0 on credit exposure each quarter Annualized active risk = 3.80 × (4)1 /2 = 7.60% ... annualized active risk = 4.00/7.60 = 52. 6% Ø This implies that portfolio will now be invested 70% + 52. 6% = 122 .6% in investment-grade bonds by taking short position of 22 .6% in high-yield bonds Ø For

Ngày tải lên: 18/10/2021, 20:35

... 30,000 = $23 0,000 CF = (22 0,000 – 90,000 – 35,000) (1 – 0.40) + 35,000 = $ 92, 000 or CF = (22 0,000 – 90,000) (1 – 0.40) + (0.40 × 35,000) = $ 92, 000 TNOCF = 50,000 + 30,000 – 0.40 (50,000 – 25 ,000) ... B T = book value of fixed capital on termination date Example: FCInv = 20 0,000 NWCInv = 30,000 S = 22 0,000 C = 90,000 D = 35,000 T = 40% or 0.40 Sal T = 50,000 B T = 25 ,000 n=5 Outlay = 20 0,000 ... = -23 0,000 CF1 = 920 00 CF = 920 00 CF = 920 00 CF4 = 920 00 –––––––––––––––––––––––––––––––––––––– Copyright © FinQuiz.com All rights reserved –––––––––––––––––––––––––––––––––––––– FinQuiz Notes

Ngày tải lên: 18/10/2021, 20:35

... EUR =1 .28 75 One year forward rate USD/ EUR = 1 .28 485 One year forward point = 1 .28 485 – 1 .28 75 = –0.0 026 5 • It is scaled up by four decimal places by multiplying it by 10,000 i.e -0.0 026 5 × 10,000 ... = 1.0460 Exchange rate for USD/EUR = 1 .28 80 The exchange rate for CAD/EUR is determined as follows: CAD USD CAD × = USD EUR EUR 1.0460 × 1 .28 80 = 1.34 72 CAD/EUR Now Suppose, The size of the transaction: ... 16 Volume 1, Reading 12 𝒀 𝑲 𝟏 = ! 𝒔 & 3!𝟏, 𝜶& + 𝜹 + 𝜽 FinQuiz.com Practice: Example 10, Volume 1, Reading 12 & + 𝜹 + 𝒏9 𝒌 𝟏, 𝜶 Refer to: Exhibit 13, Volume 1, Reading 12 • The Straight line represents

Ngày tải lên: 18/10/2021, 20:35

... Reading 32 Reading 32 Residual Income Valuation Residual Income Persistence is lower when: • ROE is at an extreme level • Extreme levels of non-recurring and other special items • Extreme level ... value of fixed assets + value of intangible assets Total Value of business = $20 0,000 + $800,000 + $22 ,889 = $1, 022 ,889 Reading 33 4.3 Private Company Valuation Market Approach Methods of Private ... holding period return = 0.74% Annualized Holding period Return = (1.0074)365 – = 13.74 72 or 1,374. 72% 2. 2 Realized and Expected (Holding Period) Return 1) Realized Holding Period Return: Return

Ngày tải lên: 18/10/2021, 20:35

... ASC Topic 320 effect) FinQuiz.com Business Combinations In Joint Venture § IAS 27 IFRS 11 IFRS IFRS 12 IFRS 10 IAS 28 FASB ASC Topic FASB ASC Topics FASB ASC Topic 323 805 and 810 323 Source: ... control Consolidation IAS 28 IAS 27 U.S.GAAP FASB ASC Topic 320 New Financial Reporting (post IFRS taking Classified as: § Fair value through profit or FASB ASC Topic 323 Equity method FASB ASC ... recognized during the suspension of the equity method • Practice: Example 2, Volume 2, Reading 14 5 .2 Investment Costs that Exceed the Book Value of the Investee There are two types of cost models used

Ngày tải lên: 18/10/2021, 20:35

... follows: Lag Autocorrelation Standard Error t-statistic* 0.0677 0.13 02 0.5197 -0.1 929 0.13 02 -1.4814 0.0541 0.13 02 0.41 52 -0.1498 0.13 02 -1.1507 * t-statistic = Autocorrelations / Standard Error It ... monthly sales data, the AR model becomes: xt = b0 + b1x t-1 + b2x t- 12 + εt NOTE: R2 of the model without seasonal lag will be less than the R2 of the model with seasonal lag This implies that when ... Observations in the scatter plot are represented by a point, and the points are not connected 2. 2 & 2. 3 Correlation Analysis & Calculating and Interpreting the Correlation Coefficient The sample

Ngày tải lên: 18/10/2021, 20:35

... different consumers SASF CFA Review 20 05 Level I – SS 5 – Macroeconomics Page 22 of 23 20 04 Study Session #5 Answers 1 2 3 4 5 C D B D B LOS Level I Study Session. .. collusion ... SASF CFA ® Review 20 05 Level I – SS 5 – Macroeconomics Page 10 of 23 [...]... A LOS Level I Study Session 5- 1 .A.h LOS Level I Study Session 5- 1 .A.b LOS Level I Study ... LOS Level I Study Session 5- 1 .A.a LOS Level I Study Session 5- 1 .A.b LOS Level I Study Session 5- 1 .B.e LOS Level I Study Session 5- 1 .C.c LOS Level

Ngày tải lên: 25/01/2014, 07:20

... Level I Study Session 4- 1 .D.e LOS Level I Study Session 4- 1 .D.b LOS Level I Study Session 4- 1 .D.b 8 C LOS Level I Study. .. Study Session 4- 1 .E.b 20 02 ... Macroeconomics 1 2 3 4 5 6 7 B C D A D B A LOS Level I Study Session 4- 1 .B.b LOS Level I Study Session 4- 1 .B.d LOS Level I Study Session 4- 1 .C.e LOS Level I Study ... deposit multiplier. Level I SS4 Macroeconomics 20 05 Page 10 of [...]... LOS Level I Study Session 4- 1 .B and D LOS Level I Study Session 4- 1 .C.e 20 03 Level I, Study Session

Ngày tải lên: 25/01/2014, 07:20