cfa level 1 investopedia fixed income

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Ngày tải lên: 18/10/2021, 20:10

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Ngày tải lên: 18/10/2021, 20:12

... SS 15 Fixed Income: Basic Concepts Question #1 of 69 Question ID: 415441 An analyst observes a 5-year, 10% coupon bond with semiannual payments The face value is £1,000 How much is ... enhancement References Question From: Session 15 > Reading 51 > LOS d Related Material: Key Concepts by LOS Question #46 of 69 Question ID: 415471 Fixed income classifications by credit quality most ... Session 15 > Reading 51 > LOS e Related Material: Key Concepts by LOS Question #53 of 69 Question ID: 415463 Consider $1,000,000 par value, 10-year, 6.5% coupon bonds issued on January 1, 20X5

Ngày tải lên: 18/10/2021, 19:39

... decreases Question #11 of 131 Question ID: 415611 Assume that the current price of an annual-pay bond is 102.50 If its YTM increases by 0.5% the value of the bond decreases to 100 and if its YTM ... 3.84% B) 12.80% C) 1.28% Question #23 of 131 Question ID: 434421 An annual-pay bond is priced at 101.50 If its yield to maturity decreases 100 basis points, its price will increase to 105.90 If ... maturities and higher coupon levels B) Shorter maturities and lower coupon levels C) Shorter maturities and higher coupon levels Question #14 of 131 Question ID: 415681 Debt with a lower priority

Ngày tải lên: 18/10/2021, 19:39

... life of the bond? Value in 1-Year Total Interest Expense A) 11,099,495 2,437,893 B) 10,181,495 2,437,893 C) 10,181,495 2,962,107 Question #17 of 143 Question ID: 414637 For a given lease payment ... $5,511 Accelerated depreciation (year 3) = 0.3($25,352) = $7,606 Income (year 3) = $14,384 − $7,606 = $6,778 Cumulative difference in income at end of year = 3($9.314) − [2($5,511) + $6,778] = $10,142 ... $10,142 DTL value at new tax rate = 0.31($10,142) = $3,144 References Question From: Session > Reading 30 > LOS d Related Material: Key Concepts by LOS Question #121 of 143 Question ID: 414543

Ngày tải lên: 18/10/2021, 19:38

... 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

... Portfolios 2010 8.4 10.2 0.7 1,834 2,125 18,222 100 2009 21.1 21.1 1.1 1,730 2,130 17,635 100 2008 –39.7 –39.8 1.0 1,631 2,141 19,246 100 2007 1.4 6.2 1.2 1,532 2,127 14,819 100 2006 11.4 10.5 0.9 1,428 ... 0.9 1,428 2,116 12,362 100 2005 1.0 4.3 0.8 68 1,115 12,051 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 2001 –17.7 –12.8 0.8 41 870 8,632 ... 175.0 38.5 64.2 2002 82.3 1.0 175.0 78.8 52.5 2003 129.5 29.9 175.0 105.0 58.3 2004 143.5 42.3 175.0 120.8 41.6 2005 157.5 97.0 175.0 119.0 37.8 2006 166.2 129.3 175.0 112.0 31.1 2007 171.5 184.7

Ngày tải lên: 24/05/2016, 19:33

... into fifths into tenths Percentile (100) Statistical Concepts and Market Rerurns - CFA Mind Maps Level - 2016 - Copyright by WAY TO FINANCE SUCCESS Ly =(n+1) x y /100 WAY TO FINANCE SUCCESS - Website: ... potential employees 2.1 Standard I PROFESSIONALISM - CFA Mind Maps Level - 2016 - Copyright by WAY TO FINANCE SUCCESS WAY TO FINANCE SUCCESS - Website: http://waytofinancesuccess.com a1 Why were the ... Conflict of interest Responsibilities as a CFA Institute member or CFA Candidate Code Of Ethics And Standards Of Professional Conduct - CFA Mind Maps Level - 2016 - Copyright by WAY TO FINANCE SUCCESS

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

... Growth 18 Undersranding Bwincss Cydcs 19 Monetary and Fiscal Policy page 124 page 155 page 177 , STUDY SESSION Reading ~signmenu uonom;t:f CFA Program Level I 2014 Curriculum Volume (CFA Institute, ... moncy 178 Nash equilibrium 104 national income 128 nawn! monopoly 93 II natusa! rate of unemploymrnt 167 natural nosourcos 144 Neoclassical school 159 ner rxporu 127.208 New Classical school 160 ... ~signmenu uonom;t:f CFA Program Level I 2014 Curriculum Volume (CFA Institute, 2013) 13 Demand and Supply An:a.lysis:Introduction 14 Demand and Supply An:a.lysis:Consumer Demand 15 Demand and Supply

Ngày tải lên: 28/03/2018, 16:50

... IS - Fixed Income: Buic COnccpu • .• .• • • Study Senion 16 - FIXed Income: An lysu of Risk 79 Self-Test - Fixed Income Investments 137 Study Seuion 17 - Derivatives • • • • • 142 Study ... 2014 I Levell Book SchweserNotes'" for the CFA· Exam Fixed Income, Derivatives, and Alternative Investments rz-: I{ A P LAN \!.) SCHOOL OF PROFESSIONAL AND CONTINUING EDUCATION BOOK - FIXED INCOME, ... CFA LEVEL I BOOK 5: FIXED INCOME DERIVATIVES AND ALTERNATNE INVESTMENTS 02013 Kaplan Inc All rights reserved Published in 2013 by Kaplan Inc Printed in the United Sl2tes of America ISBN: 978-1-4277-4909-3/1-4277-4909-4

Ngày tải lên: 28/03/2018, 16:50

... targeting 190 expansion 157 expansionary fiscal policy 138 expansionary monetary policy 137, 179, 191 expected inflation 169 expenditure approach 127 exports 210 export subsidies 217, 218 external ... curve 132 J J-curve 242 K Keynesian economists 194 Keynesian school 161 kinked demand curve model 104 L labor force 145,162 labor productivity 139 labor supply 145 lagging indicators 171 ©2014 Kaplan, ... equilibrium 106 national income 130 natural monopoly 95, 112 natural rate of unemployment 169 natural resources 146 Neoclassical school 161 net exports 129,210 New Classical school 162 Page 262

Ngày tải lên: 28/03/2018, 17:02

... Reading Assignments Equity and Fixed Income, CFA Program Level I 2015 Curriculum, Volume (CFA Institute, 2014) 51 Fixed-Income Securities: Defining Elements 52 Fixed-Income Markets: Issuance, Trading, ... effective annual rate is (1 + 0.06 / 4)4 = 1.0154 — = 6.136% and a $1,000 investment will return $1,000(1.06136) = $1,061.36 at the end of one year ©2014 Kaplan, Inc Page 241 PRINTED BY: Stephanie ... properties 10 B Management fee is £155 million x 0.02 = £3.1 million Incentive fee is (£155 million - £150 million) x 0.20 = £1.0 million Total fee is £3.1 million 11 A + £1.0 million = £4.1 million

Ngày tải lên: 28/03/2018, 17:03

... 9, & 10 Corporate Finance: SS11 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 ... Index * * » ©2013 Kaplan, Inc 11 46 93 157 171 189 220 245 259 266 280 Page m % \ _> SCHWESERS SECRET SAUCEđ: 2014 CFA LEVEL I â2013 Kaplan, Inc All rights reserved Published in 2013 by Kaplan ... 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 I SCHWESER’S SECRET

Ngày tải lên: 16/08/2018, 14:33

... *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 ... Consumption increases positive income Positive substitution, Consumption increases negative income smaller than positive substitution Positive substitution, negative income Consumption decreases ... CFA Level Complete 1,905 terms mccauley04 Try diagrams on Quizlet! See what you're learning in a whole new

Ngày tải lên: 14/06/2019, 16:03

... outstanding)+(days on inventory on hand)-(number of days of payables) SOLVENCY RATIOS 114 115 116 117 118 119 Debt to equity ratio= (Total debt) (Total Shareholders Equity) Debt To Capital= (Total ... rates, (1+s2)=(1+S1)(1+1y1y) 181 Option Value= z spread –OAS 182 Modified duration, UNDERSTANDING FIXED INCOME RISK AND RETURN For annual pay bond: Modified duration= Macualay duration/ (1+YTM) ... Extension: +91 8588816146 HYDERABAD Kukatpally: +91 7032227363 | Somajiguda: +91 9908414441 INDORE Khajrana Road: +91 9893052856 KOLKATA Kasba: +91 7044596736 | Kankurgachi: +91 9431009108 Shakespeare

Ngày tải lên: 14/06/2019, 16:57

... 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 102.00 101.04 102.97 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 = 7,140,000 / 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(1.051) / (0.126 - 0.051) = $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 = 7,140,000 / 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

... 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

... 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