cfa exam level 1 pass rate

... Q2 1, 0 01 Q3 1, 042 Q4 1, 040 GDP Deflator 10 0 10 1 10 6 11 1 10 7 * all four quarters * none of these answers is correct * 2,3 * 4 only * 2,3,and... rate is the number of unemployed ... * 4. 51% * 7.88% * 12 . 21% * 30.00% * 6. 61% That answer is incorrect. Correct answer: 6. 61% The calculation is as follows: (36 /10 )^ (1/ 20) -1= 0.06 61 Which of the ... www .cfa- aficionado.cjb.net www.marbella.to /cfa- aficionado 10 81 Questions + Answers of the CFA EXAM Level 1 Study Session : Macroeconomics

Ngày tải lên: 26/05/2014, 23:26

... of 15 1 Question ID: 412 6 31 Ralph Lim and Susan Bland have both passed Level I of the CFA Program Both are currently enrolled to sit for Level II Lim's business card reads, "Ralph Lim, CFA Level ... Key Concepts by LOS Question #13 of 15 1 Question ID: 412 617 Nichole Zeller and Randy Toffler have both passed Level II of the CFA Exam Program and have registered for Level III Zeller circulates ... Material: Key Concepts by LOS Question #13 4 of 15 1 Question ID: 5 511 01 Ron Vasquez is registered to sit for the Level II CFA exam Unfortunately, Vasquez has failed the exam the past two years In his frustration,

Ngày tải lên: 12/06/2019, 16:47

... of 15 1 Question ID: 412 6 31 Ralph Lim and Susan Bland have both passed Level I of the CFA Program Both are currently enrolled to sit for Level II Lim's business card reads, "Ralph Lim, CFA Level ... is put into place Question #13 of 15 1 Question ID: 412 617 Nichole Zeller and Randy Toffler have both passed Level II of the CFA Exam Program and have registered for Level III Zeller circulates ... violate Standard I(B) Question #13 4 of 15 1 Question ID: 5 511 01 Ron Vasquez is registered to sit for the Level II CFA exam Unfortunately, Vasquez has failed the exam the past two years In his frustration,

Ngày tải lên: 12/06/2019, 16:47

... 15 % 18 % 19 % B 20% 17 % 18 % C 25% 11 % 10 % D 40% 7% 9% ✗ A) 1. 140% ✓ B) 4.53% ✗ C) 5.992% Explanation E(RA) = 11 .65% σ2 = 0.0020506 = 0 .15 (0 .18 − 0 .11 65)2 + 0.2(0 .17 − 0 .11 65)2 + 0.25(0 .11 − 0 .11 65)2 ... = (0.65)(0 .11 ) + (0.35)(0.09) = 10 .3% σp = [(w1)2(? ?1) 2 + (w2)2(σ2)2 + 2w1w2? ?1? ?2 r1,2 ]1/ 2 = [(0.65)2(22)2 + (0.35)2 (13 )2 + 2(0.65)(0.35)(22) (13 )(0.25) ]1/ 2 = [(0.4225)(484) + (0 .12 25) (16 9) + 2(0.65)(0.35)(22) (13 )(0.25) ]1/ 2 ... B A 15 % 18 % 19 % B 20% 17 % 18 % C 25% 11 % 10 % D 40% 7% 9% ✓ A) 4.34% ✗ B) 12 .55% ✗ C) 9. 51% Explanation Scenario Probability Return on Portfolio B P × [RB - E(RB)]2 A 15 % 19 % 0.000624 B 20% 18 %

Ngày tải lên: 12/06/2019, 16:47

... Portfolio A Return on Portfolio B A 15 % 18 % 19 % B 20% 17 % 18 % C 25% 11 % 10 % D 40% 7% 9% A) 1. 140% B) 4.53% C) 5.992% Question #10 2 of 11 9 Question ID: 413 110 Given the following probability distribution, ... on Portfolio B A 15 % 18 % 19 % B 20% 17 % 18 % C 25% 11 % 10 % D 40% 7% 9% A) 4.34% B) 12 .55% C) 9. 51% Question #17 of 11 9 Question ID: 413 039 If the probability of an event is 0 .10 , what are the odds ... Portfolio Return on Portfolio B A A 15 % 18 % 19 % B 20% 17 % 18 % C 25% 11 % 10 % D 40% 7% 9% A) 0.890223 B) 0.002 019 C) 0.0 018 98 Question #79 of 11 9 Question ID: 710 138 The "likelihood" of an event occurring

Ngày tải lên: 12/06/2019, 16:47

... 2.764 3 .16 9 4.587 11 1. 363 1. 796 2.2 01 2. 718 3 .10 6 4.437 12 1. 356 1. 782 2 .17 9 2.6 81 3.055 4. 318 22 1. 3 21 1. 717 2.074 2.508 2. 819 3.792 23 1. 319 1. 714 2.069 2.500 2.807 3.768 24 1. 318 1. 711 2.064 ... 0 .10 0.05 0.02 0. 01 0.0 01 18 1. 330 1. 734 2 .10 1 2.552 2.878 3.922 19 1. 328 1. 729 2.093 2.539 2.8 61 3.883 20 1. 325 1. 725 2.086 2.528 2.845 3.850 21 1.323 1. 7 21 2.080 2. 518 2.8 31 3. 819 In a two-tailed ... Question #11 5 of 12 6 Question ID: 434228 Cumulative Z-Table z 0.04 0.05 0.06 0.07 0.08 0.09 1. 2 0.8925 0.8944 0.8962 0.8980 0.8997 0.9 015 1. 3 0.9099 0. 911 5 0. 913 1 0. 914 7 0. 916 2 0. 917 7 1. 4 0.92 51 0.9265

Ngày tải lên: 12/06/2019, 16:47

... Cloth $40 $10 Shirt $50 $10 Sum of value added $50 References Question From: Session > Reading 16 > LOS b Related Material: Key Concepts by LOS Question #12 of 99 Question ID: 413 8 21 Which of ... minus taxes References Question From: Session > Reading 16 > LOS d Related Material: Key Concepts by LOS Question #11 of 99 Question ID: 413 7 41 A shirt with a retail price of $50 is produced using ... Session > Reading 16 > LOS d Related Material: Key Concepts by LOS Question #17 of 99 Question ID: 472 411 If both aggregate demand and short-run aggregate supply decrease, the price level: ✗ A) will

Ngày tải lên: 12/06/2019, 16:47

... Question #10 of 99 Question ID: 413 749 The difference between personal income and personal disposable income is: A) taxes B) savings C) fixed expenses Question #11 of 99 Question ID: 413 7 41 A shirt ... Question #17 of 99 If both aggregate demand and short-run aggregate supply decrease, the price level: A) will increase Question ID: 472 411 B) may increase or decrease C) will decrease Question #18 of ... employees Question #27 of 99 Question ID: 413 8 01 Which of the following is the most accurate definition of the unemployment rate? The unemployment rate is the number of: A) individuals employed

Ngày tải lên: 12/06/2019, 16:47

... A) 1. 56 21 ✗ B) 1. 5788 ✓ C) 1. 5762 Explanation Forward USD/GBP = spot USD/GBP × (1 + U.S interest rate) / (1 + UK interest rate) = 1. 5775 × [ (1 + 0. 015 /12 ) / (1 + 0.025 /12 )] = 1. 5762 References ... exchange rate? ✗ A) 0.42428 ✓ B) 0.7 018 6 ✗ C) 1. 42477 Explanation First, convert GBP/USD 0.7775 to 1/ 0.7775 = USD/GBP 1. 28 617 Then, divide USD/GBP 1. 28 617 by CAD/GBP 1. 8325 = USD/CAD 0.7 018 7 References ... Currency Exchange Rates Answers Question #1 of 19 6 Question ID: 413 964 Given an exchange rate of USD/CAD 0.9250 and USD/CHF 1. 6250, what is the cross rate for CAD/CHF? ✓ A) 1. 7568 ✗ B) 1. 5032 ✗ C)

Ngày tải lên: 12/06/2019, 16:47

... rate is 1. 113 2 GBP/EUR and the 1- year forward rate is quoted as +13 49 points The 1- year forward exchange rate for GBP/EUR is closest to: A) 1. 2634 B) 1. 1267 C) 1. 24 81 Question #36 of 19 6 Question ... Exchange Rates Question #1 of 19 6 Question ID: 413 964 Given an exchange rate of USD/CAD 0.9250 and USD/CHF 1. 6250, what is the cross rate for CAD/CHF? A) 1. 7568 B) 1. 5032 C) 0.5692 Question #2 of 19 6 ... Question #28 of 19 6 Question ID: 413 974 The spot CHF/EUR exchange rate is 1. 2025 If the 90-day forward quotation is +0.25%, the 90-day forward rate is closest to: A) 1. 2000 B) 1. 2055 C) 1. 2050 Question

Ngày tải lên: 12/06/2019, 16:47

... ✗ A) $32,800 $11 3,600 ✗ B) $16 ,000 $12 9,600 ✓ C) $32,800 $12 9,600 Explanation Liabilities plus equity are equal to $12 9,600 ( $16 ,000 accounts payable + $20,000 notes payable + $19 ,600 common ... Session > Reading 21 > LOS c Related Material: Key Concepts by LOS Question #18 of 82 Question ID: 414 016 A furniture store acquires a set of chairs for $750 cash and sells them for $10 00 cash These ... necessary References Question From: Session > Reading 21 > LOS f Related Material: Key Concepts by LOS Question #16 of 82 Question ID: 414 013 In the expanded form of the accounting equation, assets

Ngày tải lên: 12/06/2019, 16:47

... based only on these entries Cash Total assets A) $32,800 $11 3,600 B) $16 ,000 $12 9,600 C) $32,800 $12 9,600 Question #62 of 82 Question ID: 413 9 91 Which of the following best describes financial reporting ... infrequent items C) results of operations Question #18 of 82 Question ID: 414 016 A furniture store acquires a set of chairs for $750 cash and sells them for $10 00 cash These transactions are most likely ... a particular issue Question # 61 of 82 Question ID: 414 024 Wichita Corporation reported the following balances as of December 31, 2007: Cash $? Accounts payable 16 ,000 Accounts receivable 58,000

Ngày tải lên: 12/06/2019, 16:47

... dollars Net income is $11 , 211 ,200 ($ 215 ,600,000 × 5.2%) and average equity is $ 41, 772,000 [($95,300,000 × 48.0%) + $37,800,000] / Thus, 2007 ROE is 26.8% ( $11 , 211 ,200 net income / $ 41, 772,000 average ... / total equity) Where EBIT = EBT + interest = 1, 349 + 15 1 = 1, 500 ROE 2007 = (944 / 1, 349) (1, 349 / 1, 500) (1, 500 / 3,000)(3,000 / 2,920)(2,920 / 1, 519 ) = 0.622 References Question From: Session ... Total CA 13 00 16 60 Plant, prop equip 10 00 12 50 Total Assets 2600 2 910 Accounts Payable 500 550 Long term debt 700 700 Total liabilities 12 00 16 52 Common Stock 400 400 Retained Earnings 12 60 12 60

Ngày tải lên: 12/06/2019, 16:47

... Sales 15 00 COGS 11 00 Gross Profit 400 SG&A 15 0 Operating Profit 250 Interest Expense 25 Taxes 75 Net Income 15 0 What is the ROE? A) 9.3% B) 10 .7% C) 9.9% Question #19 8 of 200 Question ID: 414 411 ... Question #16 8 of 200 Question ID: 414 414 Income Statements for Royal, Inc for the years ended December 31, 20X0 and December 31, 20X1 were as follows (in $ millions): 20X0 20X1 78 82 (47) (48) 31 34 ... CA 13 00 16 60 Plant, prop equip 10 00 12 50 Total Assets 2600 2 910 500 550 Liabilities Accounts Payable Long term debt 700 700 Total liabilities 12 00 16 52 Common Stock 400 400 Retained Earnings 12 60

Ngày tải lên: 12/06/2019, 16:47

... Value in 1- Year ✗ A) 11 ,099,495 Total Interest Expense 2,437,893 ✓ B) 10 ,18 1,495 2,437,893 ✗ C) 10 ,18 1,495 2,962 ,10 7 Explanation To determine the bond's market value one year from now: FV = 10 ,000,000; ... value at new tax rate = 0. 31( $10 ,14 2) = $3 ,14 4 References Question From: Session > Reading 30 > LOS d Related Material: Key Concepts by LOS Question #12 1 of 14 3 Question ID: 414 543 In 20X8, Oliver ... Year ✓ A) 3,300 4 ,10 0 ✗ B) 3,900 3,900 ✗ C) 600 -200 Explanation Using DDB: Yr Yr Revenue 15 ,000 15 ,000 Depreciation 4,000 1, 333 Taxable Income 11 ,000 13 ,667 Taxes Payable 4 ,10 0 3,300 An asset

Ngày tải lên: 12/06/2019, 16:47

... tax payable? A) $10 2,000 B) $12 0,000 C) $90,000 Question #11 4 of 14 3 Question ID: 414 613 A company redeems $10 ,000,000 of bonds that it issued at par value for 10 1% of par or $10 ,10 0,000 In its ... 11 ,099,495 2,437,893 B) 10 ,18 1,495 2,437,893 C) 10 ,18 1,495 2,962 ,10 7 Question #17 of 14 3 Question ID: 414 637 For a given lease payment and term, which of the following is least accurate regarding the ... this transaction as a: A) $10 ,000,000 CFF outflow and $10 0,000 CFO outflow B) 10 ,10 0,000 CFF outflow C) $10 ,10 0,000 CFO outflow Question #11 5 of 14 3 Question ID: 414 633 Compared to an operating

Ngày tải lên: 12/06/2019, 16:47

... #10 of 51 Question ID: 434 319 Selected financial information gathered from Alpha Company and Omega Corporation follows: Alpha Omega $1, 650,000 $1, 452,000 69,400 79,300 Quick assets 216 ,700 211 ,300 ... Question #15 of 51 Question ID: 414 6 81 Baetica Company reported the following selected financial statement data for the year ended December 31, 20X7: in millions For the year ended December 31, 20X7: ... % of Sales $500 10 0% Cost of goods sold (300) 60% Selling and administration expenses (12 5) 25% Depreciation (50) 10 % Net income $25 5% $10 0 20% $35 N/A Sales As of December 31, 20X7: Non-cash

Ngày tải lên: 12/06/2019, 16:47

... #10 of 51 Question ID: 434 319 Selected financial information gathered from Alpha Company and Omega Corporation follows: Alpha Omega $1, 650,000 $1, 452,000 69,400 79,300 Quick assets 216 ,700 211 ,300 ... Question #15 of 51 Question ID: 414 6 81 Baetica Company reported the following selected financial statement data for the year ended December 31, 20X7: in millions For the year ended December 31, 20X7: ... ratios for Company A and Company B Company A Company B A) $2 .17 $2.06 B) $1. 63 $2.06 C) $2 .17 $2. 81 Question #33 of 51 Question ID: 414 687 Cody Scott would like to screen potential equity investments

Ngày tải lên: 12/06/2019, 16:47

... 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 ... 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) C 24) A 25) ... basis points. 96) C 985 = 35 /1. 05 + 10 35/ (1 + r) 2 985 - 33.33 = 10 35/ (1 + r) 2 (1 + r) 2 = 10 35/9 51. 67 = 1. 0876 r = (1. 0876) 1/ 2 – 1 r = 4.3%, note this rate is on a semi annual basis,...

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