cfa level 1 2014 mock exam pdf

... 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 ... 50 bp decrease A 10 2.00 10 1.04 10 2.97 B 88.69 83. 81 94.07 The effective durations of Bond A and Bond B are closest to: Bond A Bond B A 0.95 5.78 B 0.95 11 .57 C 1. 89 5.78 D 1. 89 11 .57 Select exactly ... (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 ... (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

... 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 ... 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

Ngày tải lên: 18/06/2019, 15:19

... 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 ... 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 ... 360, %I = 0.6, PMT = 1, 300, solve for PV) If MacDonald makes a 10 % down payment, then the most he can pay for his new home = $19 1, 517 .76 / (1 - 0 .10 ) = $ 212 ,797. 51 ≈ $ 212 ,800 21 “Discounted Cash

Ngày tải lên: 18/06/2019, 15:19

... 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

... 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

... Investments: SS 18 Essential Exam Strategies Index * * » ©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 ... 9, & 10 Corporate 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 ... 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 ( SCHOOL OF PROFESSIONAL AND CONTINUING EDUCATION LEVEL

Ngày tải lên: 16/08/2018, 14:33

... −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

... Portfolios 2 010 8.4 10 .2 0.7 1, 834 2 ,12 5 18 ,222 10 0 2009 21. 1 21. 1 1. 1 1, 730 2 ,13 0 17 ,635 10 0 2008 –39.7 –39.8 1. 0 1, 6 31 2 ,14 1 19 ,246 10 0 2007 1. 4 6.2 1. 2 1, 532 2 ,12 7 14 , 819 10 0 2006 11 .4 10 .5 0.9 1, 428 ... 0.9 1, 428 2 ,11 6 12 ,362 10 0 2005 1. 0 4.3 0.8 68 1, 115 12 ,0 51 2004 6.8 4.9 1. 0 52 1, 110 13 , 419 2003 23.9 27.0 1. 1 46 990 10 , 612 2002 –24.4 ? ?19 .1 0.9 38 975 9,422 20 01 ? ?17 .7 ? ?12 .8 0.8 41 870 8,632 ... 17 5.0 38.5 64.2 2002 82.3 1. 0 17 5.0 78.8 52.5 2003 12 9.5 29.9 17 5.0 10 5.0 58.3 2004 14 3.5 42.3 17 5.0 12 0.8 41. 6 2005 15 7.5 97.0 17 5.0 11 9.0 37.8 2006 16 6.2 12 9.3 17 5.0 11 2.0 31. 1 2007 17 1.5 18 4.7

Ngày tải lên: 24/05/2016, 19:33

... into fifths into tenths Percentile (10 0) Statistical Concepts and Market Rerurns - CFA Mind Maps Level - 2 016 - Copyright by WAY TO FINANCE SUCCESS Ly =(n +1) x y /10 0 WAY TO FINANCE SUCCESS - Website: ... Conflict of interest Responsibilities as a CFA Institute member or CFA Candidate Code Of Ethics And Standards Of Professional Conduct - CFA Mind Maps Level - 2 016 - Copyright by WAY TO FINANCE SUCCESS ... potential employees 2 .1 Standard I PROFESSIONALISM - CFA Mind Maps Level - 2 016 - Copyright by WAY TO FINANCE SUCCESS WAY TO FINANCE SUCCESS - Website: http://waytofinancesuccess.com a1 Why were the

Ngày tải lên: 28/03/2018, 16:43

... = [ (1+ rt ,1) ì (1+ rt,2)ì (1+ rt,n)] -1 Annualized TWR (when investment is for more than one year) ^ = _ + D O1 + D` … + + D3 Pbc _1 • TWR (for the year) = rTWR = [ (1+ R1)× (1+ R2)×… (1+ R365)] -1 where ... the distribution | XXXX 10 Weighted Mean = ‰ Š = ∑„HZ „ ‰„ = (w1X1+ w2X2+….+ wnXn) where X1, X2… Xn = observed values and w1, w2… wn = corresponding weights, sum to 11 Geometric Mean = GM = c‹‰ ... observations 16 Mean Absolute Deviation = MAD = 17 Population Variance = σ2 = X ∑c Ž• |‘G ‘ | ∑Ž• ‘Ž – — ( Formula Sheet Volume 1: Quantitative Methods 18 Population Standard Deviation = √™ ` = š 19 Sample

Ngày tải lên: 28/03/2018, 16:44

... targeting 19 0 expansion 15 7 expansionary fiscal policy 13 8 expansionary monetary policy 13 7, 17 9, 19 1 expected inflation 16 9 expenditure approach 12 7 exports 210 export subsidies 217 , 218 external ... economists 19 4 Keynesian school 16 1 kinked demand curve model 10 4 L labor force 14 5 ,16 2 labor productivity 13 9 labor supply 14 5 lagging indicators 17 1 ©2 014 Kaplan, Inc Page 2 61 PRINTED BY: Stephanie ... Economics, CFA Program Level I 2 015 Curriculum, Volume (CFA Institute, 2 014 ) 20 International Trade and Capital Flows 21 Currency Exchange Rates ©2 014 Kaplan, Inc page 210 page 2 31 Page PRINTED

Ngày tải lên: 28/03/2018, 17:02

... effective annual rate is (1 + 0.06 / 4)4 = 1. 015 4 — = 6 .13 6% and a $1, 000 investment will return $1, 000 (1. 0 613 6) = $1, 0 61. 36 at the end of one year ©2 014 Kaplan, Inc Page 2 41 PRINTED BY: Stephanie ... properties 10 B Management fee is ? ?15 5 million x 0.02 = £3 .1 million Incentive fee is (? ?15 5 million - ? ?15 0 million) x 0.20 = ? ?1. 0 million Total fee is £3 .1 million 11 A + ? ?1. 0 million = £4 .1 million ... Analysis page 10 3 page 13 3 STUDY SESSION 17 Reading Assignments Derivatives and Alternative Investments, CFA Program Level I 2 015 Curriculum, Volume (CFA Institute, 2 014 ) page 16 5 57 Derivative

Ngày tải lên: 28/03/2018, 17:03

... *Set value of the 1- year bond equal to present value of the cash flows with the 1- year spot rate divided by two as the only unknown *Solve for 1- year spot rate *Use 6-month and 1- year spot rates ... CFA Level Complete 1, 905 terms mccauley04 Try diagrams on Quizlet! See what you're learning in a whole new ... rates and equate the present value of the cash flows of the 1. 5-year bond to its price, with 1. 5-year bond as the only unknown *Solve for 1. 5-year bond Nominal Spread The difference between a bond's

Ngày tải lên: 14/06/2019, 16:03

... outstanding)+(days on inventory on hand)-(number of days of payables) SOLVENCY RATIOS 11 4 11 5 11 6 11 7 11 8 11 9 Debt to equity ratio= (Total debt) (Total Shareholders Equity) Debt To Capital= (Total ... Extension: + 91 8588 816 146 HYDERABAD Kukatpally: + 91 7032227363 | Somajiguda: + 91 9908 414 4 41 INDORE Khajrana Road: + 91 9893052856 KOLKATA Kasba: + 91 7044596736 | Kankurgachi: + 91 94 310 0 910 8 Shakespeare ... holding period DDM, D1 D2 P2 + + ( (1+ ke) ) (1+ ke)2 ( (1+ ke)2) Value= Multi-stage dividend discount model: Dn D1/ D2 Pn + + + Value= (1+ ke) ) (1+ ke)2 ( (1+ ke)n ) ( (1+ ke)n) Pn= 16 9 (Dn +1) (Ke-gc) Free

Ngày tải lên: 14/06/2019, 16:57

... 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 ... recommendation Question #29 of 15 1 Question ID: 5 511 00 For the past years, Karen Beckworth, CFA, has served as a proctor for the CFA exam Beckworth tells her assistant, a Level III CFA candidate, that she

Ngày tải lên: 18/10/2021, 19:38

... 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 ... 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 ... #29 of 11 9 Question ID: 413 111 After repeated experiments, the average of the outcomes should converge to: A) the variance B) one C) the expected value Question #30 of 11 9 Question ID: 413 115 For

Ngày tải lên: 18/10/2021, 19:38

... 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

... 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) ... 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