cfa level 1 mock test 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 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

... 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 $100,000 B $116,000 C $121,000 D $137,000 110 Correct answer is D “Alternative Investments,” Bruno Solnik and Dennis McLeavey 2008 Modular Level I, Vol 6, pp 193-194 Study Session 18-76-f ... as a CFA Candidate 16 Correct answer is D Standards of Practice Handbook, 9th edition (CFA Institute, 2005), p 131 Standards I-VII 2008 Modular Level I, Vol 1, pp 101-102 Study Session 1-2-a

Ngày tải lên: 18/06/2019, 15:19

... eyes on fundamentals 107 108 109 110 111 “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 121-122 Standards I-VII 2008 Modular Level I, Vol 1, pp 36, 70, 81, 94-95 Study Session 1-2-a demonstrate ... $191,517.76 / (1 - 0.10) = $212,797.51 ≈ $212,800 21 “Discounted Cash Flow Applications,” Richard A Defusco, Dennis W McLeavey, Jerald E Pinto, and David E Runkel 2008 Modular Level I, Vol 1,

Ngày tải lên: 18/06/2019, 15:19

... info@finquiz.com FinQuiz.com © 2017- All rights reserved CFA Level III Mock Exam – Questions (AM) FinQuiz.com – 1st Mock Exam 2017 (AM Session) The morning session of the 2017 Level III CFA Examination has ... CFA Level III Mock Exam – Questions (AM) FinQuiz.com CFA Level III Mock Exam June, 2017 Copyright © 2010-2017 FinQuiz.com All rights reserved Copying, ... tolerance Answer Question 1-D in the Template provided on page (10 minutes) FinQuiz.com © 2017- 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

... 2017 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 165 Answer: C PV = FV / (1 + r)N 65 = 100 / (1 + r)4×5 r = 2.177% More simply: N = 20; FV = 100; PV = –65; CPT I/Y; I/Y = 2.177% 2.177% ì = 8.71% â Wiley 2017 All Rights Reserved ... $79 © Wiley 2017 All Rights Reserved Any unauthorized copying or distribution will constitute an infringement of copyright 168 Questions 111–114 relate to Alternative Investments 111 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

... −5 / 47.5 = -0.105 or -10.5%. The percent change in price is = (1,200 − 1,000) / [(1,000 + 1,200) / 2] = 200 / 1,100 = 0.1818 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 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

... proposed financing $180,000 $15,000 $10,000 $18,000 $21,000 $16,000 The annual net operating income (NOI) for the apartment complex is closest to: A $116,000 B $121,000 C $137,000 111 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 ... 33-44 Economics 18 45-68 Financial Statement Analysis 36 69-78 Corporate Finance 15 79-90 Equity Investments 18 91-96 Derivative Investments 97-108 Fixed Income Investments 18 109-114 Alternative

Ngày tải lên: 28/03/2018, 16:37

... 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, ... ~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 ... 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

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 ... Herfindahl-Hirschman Index 116 human capital 145 hyperinflation 164 excess capacity 102 excess demand 15 excess reserves 181 excess supply exchange rate regimes 239 exchange rates 138, 139, 231 exchange rate ... 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, Inc Page 261 PRINTED BY: Stephanie

Ngày tải lên: 28/03/2018, 17:02

... 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 ... Session 15 - Fixed Income: Basic Concepts Study Session 16 - Fixed Income: Analysis of Risk 103 Self-Test - Fixed Income Investments 161 Study Session 17 - Derivatives 165 Study Session 18 - Alternative

Ngày tải lên: 28/03/2018, 17:03

... Corporate Finance 15 79-90 Equity Investments 18 91-96 Derivative Investments 97-108 Fixed Income Investments 18 109-114 Alternative Investments 115-120 Portfolio Management Total ©2012 Konvexity ... 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 $111,667 B Loss of $110,000 C Loss of $30,000 96 The ... description of her status for 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

Ngày tải lên: 28/06/2018, 16:57

... Corporate Finance 15 79-90 Equity Investments 18 91-96 Derivative Investments 97-108 Fixed Income Investments 18 109-114 Alternative Investments 115-120 Portfolio Management Total ©2012 Konvexity ... 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 $111,667 B Loss of $110,000 C Loss of $30,000 96 The ... Konvexity CFA Level I MOCK EXAM (Time: 180 Minutes) This Mock Examination has 120 questions You have 180 minutes to complete the exam To best simulate

Ngày tải lên: 30/06/2018, 09:03

... Corporate Finance 15 79-90 Equity Investments 18 91-96 Derivative Investments 97-108 Fixed Income Investments 18 109-114 Alternative Investments 115-120 Portfolio Management Total ©2012 Konvexity ... 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 $111,667 B Loss of $110,000 C Loss of $30,000 96 The ... description of her status for 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

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 ... to 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 ... 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