cfa level 1 mock exam 2014 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

... 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

... 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 ... 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 ... 747622 913 3 318 632 March Mock Exam - PM March Mock Exam - PM 399388 Millicent Plain has just finished taking Level II of the CFA examination Upon leaving the examination site, she meets with four Level

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

... 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 ... 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 ... 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 ... spread, the greater the market liquidity risk Page 52 317 216 8 919 0 418 93 March Mock Exam - AM 399388 11 1 A bond is currently trading for $10 9.246 per $10 0 of par value If the bond's yield to maturity

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 ... during non-work hours 2 014 CFA Level I "Guidance for Standards I-VII," CFA Institute Standard IV(A) Loyalty to Employer 11 David Donnigan enrolled to take the Level II CFA examination in the current

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

... 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

... proposed financing $18 0,000 $15 ,000 $10 ,000 $18 ,000 $ 21, 000 $16 ,000 The annual net operating income (NOI) for the apartment complex is closest to: A $11 6,000 B $12 1,000 C $13 7,000 11 1 Hedge funds that ... 6.2 8.9 9.3 10 .5 11 .7 12 .3 14 .1 15.3 The geometric mean return (%) is closest to: A 9.62 B 10 .80 C 10 .89 By accessing this mock exam, you agree to the following terms of use: This mock exam is provided ... 2 010 Level I Mock Exam: Morning Session The morning session of the 2 010 Level I Chartered Financial Analyst® Mock Examination has 12 0 questions To best simulate the exam day experience,

Ngày tải lên: 28/03/2018, 16:37

... Corporate Finance 15 79-90 Equity Investments 18 91- 96 Derivative Investments 97 -10 8 Fixed Income Investments 18 10 9 -11 4 Alternative Investments 11 5 -12 0 Portfolio Management Total ©2 012 Konvexity ... Konvexity CFA Level I MOCK EXAM (Time: 18 0 Minutes) This Mock Examination has 12 0 questions You have 18 0 minutes to complete the exam To best simulate the exam day experience, please ... at the end of first year is at 1, 250 and 1, 200 What is the payoff from this swap position if the notional principal is $1 million? A Loss of $11 1,667 B Loss of $11 0,000 C Loss of $30,000 96 The

Ngày tải lên: 28/06/2018, 16:57

... Corporate Finance 15 79-90 Equity Investments 18 91- 96 Derivative Investments 97 -10 8 Fixed Income Investments 18 10 9 -11 4 Alternative Investments 11 5 -12 0 Portfolio Management Total ©2 012 Konvexity ... Konvexity CFA Level I MOCK EXAM (Time: 18 0 Minutes) This Mock Examination has 12 0 questions You have 18 0 minutes to complete the exam To best simulate the exam day experience, please ... at the end of first year is at 1, 250 and 1, 200 What is the payoff from this swap position if the notional principal is $1 million? A Loss of $11 1,667 B Loss of $11 0,000 C Loss of $30,000 96 The

Ngày tải lên: 30/06/2018, 09:03

... Corporate Finance 15 79-90 Equity Investments 18 91- 96 Derivative Investments 97 -10 8 Fixed Income Investments 18 10 9 -11 4 Alternative Investments 11 5 -12 0 Portfolio Management Total ©2 012 Konvexity ... Konvexity CFA Level I MOCK EXAM (Time: 18 0 Minutes) This Mock Examination has 12 0 questions You have 18 0 minutes to complete the exam To best simulate the exam day experience, please ... at the end of first year is at 1, 250 and 1, 200 What is the payoff from this swap position if the notional principal is $1 million? A Loss of $11 1,667 B Loss of $11 0,000 C Loss of $30,000 96 The

Ngày tải lên: 13/08/2018, 11:00

... 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