2014 schweser cfa level 1 practice exam

... 10 ) + (0.25 x 16 ) + (0 .10 x 20) = 11 .8% The expected standard deviation is calculated as follows: σ2 = 0.35 x (8 - 11 .8)2 + 0.30 x (10 - 11 .8)2 + 0.25 x (15 - 11 .8)2 + 0 .10 x (20 - 11 .8)2 = 15 . 31 ... supervisors 18 Correct answer is B Standards of Practice Handbook, 9th edition (CFA Institute, 2005), pp 83-85, 11 3 -11 5 Standards I-VII 2008 Modular Level I, Vol 1, pp 69- 71, 89- 91 Study Session 1- 2-a ... (1. 02 x mil) + (0.94356 x mil) + (0.88688 x mil) = 14 , 518 ,440 Weight, Bond A = 7 ,14 0,000 / 14 , 518 ,440 = 0.492 Weight, Bond B = 4, 717 ,800 / 14 , 518 ,440 = 0.325 Weight, Bond C = 2,660,640 / 14 , 518 ,440

Ngày tải lên: 18/06/2019, 15:19

... 10 ) + (0.25 x 16 ) + (0 .10 x 20) = 11 .8% The expected standard deviation is calculated as follows: σ2 = 0.35 x (8 - 11 .8)2 + 0.30 x (10 - 11 .8)2 + 0.25 x (15 - 11 .8)2 + 0 .10 x (20 - 11 .8)2 = 15 . 31 ... (0.6) = 1. 20 ks = 4.20 + 5.60 (1. 50) = 12 .60%; V = 1. 20 (1. 0 51) / (0 .12 6 - 0.0 51) = $16 .82 91 “Option Markets and Contracts”, Don M Chance 2008 Modular Level I, Vol 6, pp 90-93 Study Session 17 -73-d ... the agreement 18 Standards of Practice Handbook, 9th edition (CFA Institute, 2005), pp 83-85, 11 3 -11 5 Standards I-VII 2008 Modular Level I, Vol 1, pp 69- 71, 89- 91 Study Session 1- 2-a demonstrate

Ngày tải lên: 18/06/2019, 15:19

... as a CFA Candidate 16 Correct answer is D Standards of Practice Handbook, 9th edition (CFA Institute, 2005), p 13 1 Standards I-VII 2008 Modular Level I, Vol 1, pp 10 1 -10 2 Study Session 1- 2-a ... closest to: Money-weighted rate of return Time-weighted rate of return A 11 .02% 8.53% B 11 .02% 11 .02% C 11 .60% 8.53% D 11 .60% 11 .02% Select exactly answer(s) from the following: A AnswerA B AnswerB ... following: A $10 0,000 B $11 6,000 C $12 1,000 D $13 7,000 11 0 Correct answer is D “Alternative Investments,” Bruno Solnik and Dennis McLeavey 2008 Modular Level I, Vol 6, pp 19 3 -19 4 Study Session 18 -76-f

Ngày tải lên: 18/06/2019, 15:19

... procedures 10 Standards of Practice Handbook, 9th edition (CFA Institute, 2005), pp 15 -16 , 83, 91, 11 3 Standards I-VII 2008 Modular Level I, Vol 1, pp 21- 22, 69, 75, 89 Study Session 1- 2-a demonstrate ... of Conflicts 14 15 16 Standards of Practice Handbook, 9th edition (CFA Institute, 2005), pp 12 1 -12 2 Standards I-VII 2008 Modular Level I, Vol 1, pp 36, 70, 81, 94-95 Study Session 1- 2-a demonstrate ... eyes on fundamentals 10 7 10 8 10 9 11 0 11 1 “Introduction to the Valuation of Debt Securities,” Frank J Fabozzi 2008 Modular Level I, Vol 5, pp 398-399, 410 - 412 Study Session 15 -67-e compute the

Ngày tải lên: 18/06/2019, 15:19

... correct treatment of flotation costs 11 .35.f 11 .36.a 11 .36.b 11 .36.c 11 .36.d 11 .36.e 11 .36.f 11 .36.g 11 .36.h 11 .36.i 11 .36.j 11 .36.k 11 .36.l describe expected relations ... evaluating the qualifications of board members 11 .39.a 11 .39.b 11 .39.c 11 .39.d 11 .39.e 11 .39.f 11 .39.g 11 .40.a 11 .40.b 11 .40.c 11 .40.d describe primary and secondary sources ... portfolio standard deviation 11 .40.e 11 .40.f 11 .40.g 12 . 41. a 12 . 41. b 12 . 41. c 12 . 41. d 12 . 41. e 12 .42.a 12 .42.b 12 .42.c 12 .42.d 12 .42.e describe responsibilities

Ngày tải lên: 06/06/2015, 16:02

... Growth 18 Undersranding Bwincss Cydcs 19 Monetary and Fiscal Policy page 12 4 page 15 5 page 17 7 , STUDY SESSION Reading ~signmenu uonom;t:f CFA Program Level I 2 014 Curriculum Volume (CFA Institute, ... ~signmenu uonom;t:f CFA Program Level I 2 014 Curriculum Volume (CFA Institute, 2 013 ) 13 Demand and Supply An:a.lysis:Introduction 14 Demand and Supply An:a.lysis:Consumer Demand 15 Demand and Supply ... An:a.lysis:The Firm 16 The Firm and Market Structures STUDY SESSION page page 46 page 58 page 92 Reading Assignments UDnDm;t:f CFA Program Level I 2 014 Curriculum Volume (CFA Instirute, 2 013 ) 17 Aggregate

Ngày tải lên: 28/03/2018, 16:50

... * » ©2 013 Kaplan, Inc 11 46 93 15 7 17 1 18 9 220 245 259 266 280 Page m % \ _> SCHWESERS SECRET SAUCEđ: 2 014 CFA LEVEL I â2 013 Kaplan, Inc All rights reserved Published in 2 013 by Kaplan Schweser ... Finance: SS 11 Portfolio Management: SS 12 Securities Markets and Equity Investments: SS 13 & 14 Fixed Income: SS 15 & 16 Derivatives: SS 17 Alternative Investments: SS 18 Essential Exam Strategies ... n '•I I ! -=• SCHWESER ; v~ pfjf JH m m w ir I EXAM PREP A f Li if w , V i i * $ _ÿ **ÿ 1 it 1m Schweser? ??s Secret Sauce for the CFA? ? Exam & ,i.6 i Level I \ KAPLAN W UNIVERSITY

Ngày tải lên: 16/08/2018, 14:33

... FinQuiz.com © 2 017 - All rights reserved CFA Level III Mock Exam – Questions (AM) FinQuiz.com – 1st Mock Exam 2 017 (AM Session) The morning session of the 2 017 Level III CFA Examination has questions ... CFA Level III Mock Exam – Questions (AM) FinQuiz.com CFA Level III Mock Exam June, 2 017 Copyright © 2 010 -2 017 FinQuiz.com All rights reserved Copying, ... tolerance Answer Question 1- D in the Template provided on page (10 minutes) FinQuiz.com © 2 017 - All rights reserved CFA Level III Mock Exam – Questions (AM) Template for Question 1- D Choose whether

Ngày tải lên: 10/09/2018, 08:25

... 10 .0% 14 .3 × (1 – 0.30) = 10 .0% g = ROE × (1 – Dividend payout ratio) 0.35/(0 .13 – 0 .10 ) = 11 .7x 0.30/(0 .12 4 – 0 .10 ) = 12 .5x P/E = Dividend payout ratio r–g Financial leverage (ROE/ROA) 15 .4 /10 .9 ... Therefore, D1 = ( $18 0 million × 0 .15 × 0.60)/8 .1 million = $2.00 D2 = $2.00 (1 + 0.25) = $2.50 D3 = $2.00 (1 + 0.25) = $3 .13 Page 44 747622 913 3 318 632 March Mock Exam - PM March Mock Exam - PM 399388 ... Mock Exam - PM March Mock Exam - PM 399388 Effective duration = (10 3.28 – 10 0. 81) /(2 × 0.0025 × 10 1.45) = 4.87 10 8 The market value of an 18 -year zero-coupon bond with a maturity value of $1, 000

Ngày tải lên: 18/06/2019, 15:21

... today is closest to: A 10 0 .12 B 10 8.20 C 11 6.24 Answer = A The bond price is computed as: P0 = 9/ (1. 070)3 + 9/ (1. 065)4 + 9/ (1. 060)5 + (9 + 10 0)/ (1. 055)6 = 10 0 .12 2 014 CFA Level I "Introduction ... P0 = 15 0/ (1. 025) + 15 0/ (1. 025) + + 15 0/ (1. 025) + 10 ,000/ (1. 025) = $9,282.99 2 014 CFA Level I "Introduction to Fixed-Income Valuation," by James F Adams and Donald J Smith Section 2 .1 91 Zet ... [(0.25 × 0 .12 )+(0.75 × 0 .16 )+(2 × 0.25 × 0.75 × 0 .12 × 0 .16 × 0.75)] =0 .14 93 =14 .39% 2 014 CFA Level I "Portfolio Risk and Return: Part I," by Vijay Singal Sections 4 .1. 2, 4 .1. 3 11 3 The slope

Ngày tải lên: 18/06/2019, 15:21

... are as follows: Fiscal Year Ending 2 010 2 011 2 012 Net income $1, 230,000 $1, 414 ,500 $1, 980,300 Total shareholders’ equity 11 ,000,000 11 ,550,000 15 , 015 ,000 Assuming that the company experiences volatile ... volatile year-end book values of equity, its ROE for the year 2 012 is closest to: A 14 . 91% B 17 .15 % C 13 .19 % Page 19 5472680 417 6432 31 Mock Exam - PM 399388 76 The weak-form market efficiency most accurately ... A $19 .05 B $23.08 C $23. 81 Page 16 5472680 417 6432 31 Mock Exam - PM 66 399388 A company’s $10 0 par value perpetual preferred stock has a dividend rate of 7% and a required rate of return of 11 %

Ngày tải lên: 18/06/2019, 15:21

... The levels of the equity indices are as follows: Index Level at Start of Swap Level Six Months Later Value Index $5,460 $5,350 Growth Index $1, 190 $1, 200 Page 43 317 216 8 919 0 418 93 March Mock Exam ... is closest to: A 13 .9% B 16 .3% C 14 .7% Answer = C “Cost of Capital,” Yves Courtois, Gene C Lai, and Pamela Peterson Drake Sections 2, 2 .1 Page 10 317 216 8 919 0 418 93 March Mock Exam - AM 399388 ... [(5,350/5,460) – 1] × $50,000,000 = – $1, 007,326 Growth Index payment = [ (1, 200 /1, 190) – 1] × $50,000,000 = $420 ,16 8 Net payment to portfolio manager = $420 ,16 8 – (– $1, 007,326) = $1, 427,494 90 An

Ngày tải lên: 18/06/2019, 15:21

... Degrees of Freedom p = 0 .10 p = 0.05 p = 0.025 p = 0. 01 1.383 1. 833 2.262 2.8 21 10 1. 372 1. 812 2.228 2.764 11 1. 363 1. 796 2.2 01 2. 718 Page 19 317 216 8 919 0 418 93 March Mock Exam - AM 399388 The 95% ... Correlation with Equities Class (%) 45 16 10 0 25 12 30 30 10 The return on the portfolio is closest to: A 10 .0% B 8.2% C 10 .8% Page 18 317 216 8 919 0 418 93 March Mock Exam - AM 70 399388 When an investigator ... closest to: A 19 .66% B 20.56% C 21. 25% Page 21 317 216 8 919 0 418 93 March Mock Exam - AM 84 399388 A futures trader takes a long position of 10 contracts The initial margin requirement is $10 per contract,

Ngày tải lên: 18/06/2019, 15:21

... the fair market values since 2 011 : Year Year-End Fair Market Value ($ thousands) 2 011 1, 000 2 012 600 Page 49 543 610 6953376690 Mock Exam - AM 399388 2 013 800 2 014 1, 300 The impact (in $ thousands) ... set of 10 returns from the past: Year 10 Return (%) 2.2 6.2 8.9 9.3 10 .5 11 .7 12 .3 14 .1 15.3 18 .4 The geometric mean return is closest to: A 10 .89% B 9.62% C 10 .80% Answer = C The geometric mean ... the sale: Selling price $18 0 Costs to get ready to sell $10 NRV per chair For 10 0 chairs $17 0 $17 ,000 (Free shipping is required to sell the chairs at $18 0.) 2 014 CFA Level I "Inventories," by

Ngày tải lên: 18/06/2019, 15:21

... 2009 2 010 2 011 2 012 250,738 279,347 316 ,480 355,589 392,008 The company’s compound annual growth rate in revenue is closest to: A 11 .8% B 9.4% C 14 .1% Page 18 543 610 6953376690 Mock Exam - AM 71 399388 ... 30.0% 11 3 An analyst collects the following set of 10 returns from the past: Year 10 Return (%) 2.2 6.2 8.9 9.3 10 .5 11 .7 12 .3 14 .1 15.3 18 .4 The geometric mean return is closest to: A 10 .89% ... market values since 2 011 : Year Year-End Fair Market Value ($ thousands) 2 011 1, 000 2 012 600 2 013 800 2 014 1, 300 The impact (in $ thousands) on the income statement in 2 014 will most likely be

Ngày tải lên: 18/06/2019, 15:21

... 2 017 CFA? ? EXAM REVIEW ANSWERS AND SOLUTIONS LEVEL I CFA ® MOCK EXAM Mock Exam Mock Exam – Morning Session – Solutions Questions 1? ? ?18 relate to Ethics Phil Jones, CFA, has just finished ... infringement of copyright 16 5 Answer: C PV = FV /  (1 + r)N 65 = 10 0 /  (1 + r)4×5 r = 2 .17 7% More simply: N = 20; FV = 10 0; PV = –65; CPT I/Y; I/Y = 2 .17 7% 2 .17 7% ì = 8. 71% â Wiley 2 017 All Rights Reserved ... $79 © Wiley 2 017 All Rights Reserved Any unauthorized copying or distribution will constitute an infringement of copyright 16 8 Questions 11 1? ?11 4 relate to Alternative Investments 11 1 Which of the

Ngày tải lên: 09/09/2020, 17:03

... −5 / 47.5 = -0 .10 5 or -10 .5%. The percent change in price is = (1, 200 − 1, 000) / [ (1, 000 + 1, 200) / 2] = 200 / 1, 100 = 0 .18 18 or 18 .2% . The price elasticity of demand is -10 .5 / 18 .2 = - 0.58. ... elasticity of 1. 01 http://localhost:20 511 /online_program/test_engine/printable_answers.php 24/05/2 010 Printable Exams Page 13 of 44 B) luxury good with income elasticity of 1. 18 C) normal ... elasticity of 1. 18 % change in computers demanded = ( 0.57- 0.42) / 0.495 = 30.30% % change in income = ($53,000 - $ 41, 000) / $47,000 = 25.53% 30.30% / 25.53% = 1. 18 1. 18 > 1 so Tskitishvili

Ngày tải lên: 06/06/2015, 16:36

... 99) D 10 0) B 10 1) D 10 2) C 10 3) A 10 4) B 10 5) C 10 6) A 10 7) D 10 8) D 10 9) D 11 0) B 11 1) A 11 2) B 11 3) A 11 4) C 11 5) C 11 6) D 11 7) D 11 8) C 11 9) C 12 0) A Answers 1) A Standard V(A), Prohibition ... Form Back to Schweser Online Test # = 613 412 Correct Answers 1) A 2) D 3) A 4) A 5) B 6) C 7) A 8) D 9) A 10 ) A 11 ) B 12 ) C 13 ) B 14 ) A 15 ) D 16 ) D 17 ) C 18 ) A 19 ) C 20) D 21) A 22) B 23) ... 7. 11 0) B Covariance = (1/ n)(S (RX –ERX)(RY – ERY)) mean X = (7+9 +10 +10 )/4 = 9; mean Y = (5+8 +11 +8)/4 = 8 Cov = [(7-9)(5-8)+(9-9)(8-8)+ (10 -9) (11 -8)+ (10 -9)(8-8)] / 4 = 2.25 11 1) A Portfolio...

Ngày tải lên: 21/01/2014, 02:20

... Year 1 2 3 4 5 6 7 8 9 10 Return (%) 2.2 6.2 8.9 9.3 10 .5 11 .7 12 .3 14 .1 15 .3 18 .4 The geometric mean return (%) is closest to: A. 9.62. B. 10 .80. C. 10 .89. ... Robinson, CFA, Jan Hendrik van Greuning, CFA, Karen O’Connor Rubsam, CFA, R. Elaine Henry, CFA, and Michael A. Broihahn, CFA 2 010 Modular Level 1, Vol. 3, pp. 10 6 -10 8 Study Session 7- 31- d Describe ... supplied is 5 / 27.5 = 0 .18 1 818 . Average price is (20 + 15 ) / 2 = 17 .5 and the percentage change in price is 5 / 17 .5 = 0.285 714 . The elasticity of supply is 0 .18 1 818 / 0.285 714 = 0.636364. ...

Ngày tải lên: 21/01/2014, 03:20