cfa level 1 mock exam pdf with answers

... 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 ... 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? ??It is least appropriate

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

... 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

... 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 ... is closest to: A 13 .1% B 12 .6% C 7.5% Answer = A CAPM: Cost of equity = Risk free rate + Beta × Market risk premium = 3.5% + 1. 6 × (6.0%) = 13 .1% Page 10 543 610 6953376690 Mock Exam - AM 399388

Ngày tải lên: 18/06/2019, 15:21

... 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

... Standards I-VII,” CFA Institute 2 011 Modular Level III, Vol 1, pp 10 1 – 10 3 Study Session 1? ??2–b By accessing this mock exam, you agree to the following terms of use: This mock exam is provided ... Capital March 31, 2 010 $12 ,500,000 Capital Contribution (weight=0. 51) May 15 , 2 010 $1, 500,000 Portfolio Fair Value March 31, 2 010 $11 ,700,000 Portfolio Fair Value June 30, 2 010 $13 ,000,000 Capital ... 2 011 Level III Mock Exam The 2 011 Level III Chartered Financial Analyst® Mock Examination has 60 questions To best simulate the exam day experience, candidates are

Ngày tải lên: 14/06/2019, 17:10

... currently-registered CFA candidates; copying, posting to any website, emailing, distributing and/or reprinting the mock exam for any purpose 2009 Modular Level III, Volume 4, pp 11 5 -11 9 Study Session 10 - 31- f ... for Standards I-VII,” CFA Institute 2009 Modular Level III, Volume 1, p 57 Study Session 1- 2-a By accessing this mock exam, you agree to the following terms of use: This mock exam is provided to ... Contract 1. 0 $11 0,000* N/A 6.5 0.25 years U.S Treasury Bill (Cash Equivalent) Contract $10 0,000* N/A 0.25 0.25 years By accessing this mock exam, you agree to the following terms of use: This mock exam

Ngày tải lên: 14/06/2019, 17:10

... 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

... 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

... 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 ... inclusion in investment literature? A CFA level I pass B CFA level II expected next June C CFA level I pass (2005) 15 Diego Rocha is a stock broker in Brazil, a country with no securities laws His squash

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 ... inclusion in investment literature? A CFA level I pass B CFA level II expected next June C CFA level I pass (2005) 15 Diego Rocha is a stock broker in Brazil, a country with no securities laws His squash

Ngày tải lên: 13/08/2018, 11:00

... Standards 18 7 -12 Quantitative Methods 18 13 -18 Financial Statement Analysis 18 19 -24 Financial Statement Analysis 18 25-30 Corporate Finance 18 31- 36 Economics 18 37-42 Equity Investments 18 43-48 ... Income Investments 18 49-54 Derivative Investments 18 55-60 Portfolio Management 18 Total: 18 0 By accessing this mock exam, you agree to the following terms of use: This mock exam is provided to ... A (P/E) t – (P/E) t? ?1 = + (P/E) t? ?1 + B (P/E) t – (P/E) t? ?1 = + [(P/E) t – (P/E) t? ?1 ] + C (P/E) t – (P/E) t? ?1 = + [(P/E) t? ?1 – (P/E) t–2 ] + ε ε ε By accessing this mock exam, you agree to the

Ngày tải lên: 06/09/2018, 17:05

... 1, 245 1, 174 COGS 6 41 638 Selling & Administrative 256 2 31 Research & Development 41 17 Depreciation 82 97 EBIT 225 19 1 Interest Expense 97 86 EBT 12 8 10 5 Taxes 51 30 Net Income 77 75 2007 1, 149 ... 77 75 2007 1, 149 672 19 5 12 2 16 0 83 77 42 35 Total Assets Short-term Liabilities Long-term Liabilities Shareholder's Equity 2 ,18 5 11 2 1, 426 647 2, 310 18 9 1, 287 834 2,243 14 7 1, 368 728 The bonds ... 2 010 Level II Mock Exam: Morning Session The morning session of the 2009 Level II Chartered Financial Analyst® Mock Examination has 60 questions To best simulate the exam day experience,

Ngày tải lên: 06/09/2018, 17:07

... 2 011 Level II Mock Exam: Morning Session The morning session of the 2 011 Level II Chartered Financial Analyst® Mock Examination has 60 questions To best simulate the exam day experience, ... Current Term Structure of Rates (%) Days LIBOR EURIBOR HIBOR 90 1. 42 1. 86 1. 22 18 0 1. 84 2 .11 1. 53 270 2 .12 2.24 1. 70 360 3.42 2.34 1. 87 Note: LIBOR is the London Interbank Offer rate EURIBOR is ... accessing this mock exam, you agree to the following terms of use: This mock exam is provided to currentlyregistered CFA candidates Candidates may view and print the exam for personal exam preparation

Ngày tải lên: 06/09/2018, 17:09

... 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