killing three perfectly innocent hours practice exam 1

... https://www.kaplanlearn.com/education/test/print/6379299?testId=32037770 LIBOR 5 .12 % 5.96% 58/ 71 9/29/2 016 V2? ?Exam? ?1? ?Afternoon 240­day 5 .11 % 210 ­day 6.03% 360­day 5.92% 300­day 6. 41% Three? ?months after establishing the position in the forward rate agreement, LIBOR interest rates have shifted, causing the ... https://www.kaplanlearn.com/education/test/print/6379299?testId=32037770 LIBOR 5 .12 % 5.96% 62/ 71 9/29/2 016 V2? ?Exam? ?1? ?Afternoon 240­day 5 .11 % 210 ­day 6.03% 360­day 5.92% 300­day 6. 41% Three? ?months after establishing the position in the forward rate agreement, LIBOR interest rates have shifted, causing the ... structure as shown in Exhibit? ?1 Exhibit? ?1 Exhibit 2 LIBOR Rates (t = 0) LIBOR Rates (t = 90)   LIBOR   90­day 4.28% 18 0­day 4.52% 15 0­day 5.96% 240­day 5 .11 % 210 ­day 6.03% 360­day 5.92% 300­day 6. 41%   90­day LIBOR 5 .12 %

Ngày tải lên: 14/06/2019, 17:05

... Rate) 0.5 25 0.23% 0.80% 1. 03% 24.97 24.87 1, 025 0.25% 0.85% 1. 10% 1, 022.44 1, 013 .79 $1, 047.47 $1, 038.66 Total PV (Total Yield) PV(risky $1, 025) = 1, 025/e (1* 0. 011 ) = $1, 013 .787 Present value of ... 4, LOS 13 .e SchweserNotes: Book 1, p.242 CFA Program Curriculum: Vol .1 p. 518 Question #15 of 60 A) 11 6.50 Explanation Uncovered interest rate parity forecast: 12 0 (1. 0388) / (1. 07) = 11 6.50 For ... debt + book value of equity = 0 .11 9 × ($6,200,000 + $3,2 81, 000) = $1, 128,239 EVA = NOPAT − $WACC = EBIT (1 − t) − $WACC = $1, 868,000 (1 − 0.30) − $1, 128,239 = $17 9,3 61 market value of the company

Ngày tải lên: 14/06/2019, 17:05

... value Property #1 value NOI $1, 706,500 $1, 774,760 $1, 845,750 $1, 919 ,580 $1, 996,364 $27 ,15 0,550 Present Value $1, 558,447.49 $1, 480 ,16 9.30 $1, 405,822.60 $1, 335, 210 .50 $1, 268 ,14 5.64 $17 ,246,780.74 ... from 2 010 -2 015 , and then (2) multiplying the average ROE times the 2 015 BVPS ROE(average) = (0 .17 8 + 0 .17 8 + 0 .12 2 + 0 .17 7 + 0 .11 4 + 0 .16 0) / = 0 .15 5 EPS(normalized) = 0 .15 5 (10 .66) = 1. 652 The ... × 1. 034) / (0.094 - 0.034) = 9357 .18 1. 12 1. 12(2/3) + 1. 00 (1/ 3) = 1. 08 5.0% (1. 08)(5.0%)+ 4.0% = 9.4% Using a financial calculator, CF0 = 0; CF1 = 347.50; CF2 = 434.38; CF3 = 542.97 + 9357 .18

Ngày tải lên: 14/06/2019, 17:06

... 1. 50% 0.20% 1. 70% 20 1. 75% 0.25% 2.00% 1. 5 20 2.00% 0.30% 2.30% 10 20 2.25% 0.35% 2.60% PV (risk-free rate) 19 .85 19 .65 19 . 41 975 .12 PV (total yield) 19 .83 19 .60 19 .32 968.32 Total $10 34.03 $10 27.07 ... Basically substitute 12 %, 13 %, or 14 % into the valuation equation: For r = 12 %, V0 = ? ?12 1.67 For r = 13 %, V0 = ? ?10 4 .11 For r = 14 %, V0 = £90.96 The answer, to three decimal places, is 14 .085% For Further ... be isolated as follows: S = VAT − VA − VT + C = 17 ,500 − (68 × 11 7.6) − (35 × 213 .1) + (45 × 213 .1) = 17 ,500 − 7,996.8 − 7,458.5 + 9,589.5 = $11 ,634.2 million Next, calculate the acquirer's gain

Ngày tải lên: 14/06/2019, 17:06

... 9/29/2 016 V2? ?Exam? ?1? ?Morning Property management fees Other operating expenses Net operating income (NOI) $? ?14 5,000 $? ?17 2,500 $? ?13 8,288 $1, 800,500 $2 ,16 3,750 $1, 703,800 $1, 706,500 $? ?1, 9 91, 250 $1, 565,469 ... 9/29/2 016 V2? ?Exam? ?1? ?Morning Exhibit 2: Property  #1:  Net Operating Income Forecast NOI Year? ?1 Year 2 Year 3 Year 4 Year 5 $1, 706,500 $1, 774,760 $1, 845,750 $1, 919 ,580 $1, 996,364 Exhibit 3: Property  #1:  DCF Assumptions ... $ 273,000 $ 425,000 $? ?13 8,293 Effective gross income $3,652,000 $4,327,500 $3,407,557 $? ?14 5,000 $? ?17 2,500 $? ?13 8,288 $1, 800,500 $2 ,16 3,750 $1, 703,800 $1, 706,500 $? ?1, 9 91, 250 $1, 565,469 Property type

Ngày tải lên: 14/06/2019, 17:06

... tax shield** = CF (400) 30 17 5.0 25.0 17 5.0 25.0 17 5.0 25.0 13 2.0 18 0.0 60.0 18 .0 7.2 10 .8 13 2.0 (30.0) (12 .0) (18 .0) 18 0.0 14 2.8 16 2.0 90.0 36.0 54.0 60.0 10 .0 7.2 13 1.2 NPV (@ 20%) = −62,574 ... tax shield** = CF (400) 30 17 5.0 25.0 17 5.0 25.0 17 5.0 25.0 13 2.0 18 0.0 60.0 18 .0 7.2 10 .8 13 2.0 (30.0) (12 .0) (18 .0) 18 0.0 14 2.8 16 2.0 90.0 36.0 54.0 60.0 10 .0 7.2 13 1.2 NPV (@ 20%) = −62,574 ... tax shield** = CF (400) 30 17 5.0 25.0 17 5.0 25.0 17 5.0 25.0 13 2.0 18 0.0 60.0 18 .0 7.2 10 .8 13 2.0 (30.0) (12 .0) (18 .0) 18 0.0 14 2.8 16 2.0 90.0 36.0 54.0 60.0 10 .0 7.2 13 1.2 NPV (@ 20%) = −62,574

Ngày tải lên: 14/06/2019, 17:06

... (2)*57+ÿ$, -.ÿ/4)7*)0*3ÿ6? ?10 6233567)2ÿ#67 *13 4ÿ4ÿ 515 *)732.ÿ 614 523 46ÿ#252743 012 34567ÿ9 ÿ6ÿ 7234ÿ-6.ÿ8$ 9$8 ÿÿ :;?@ÿ;ÿ?/*ÿ-*ÿ;ÿ:ÿÿ@=ÿ=ÿ9/ÿ=ÿ: ... %":=ÿ=ÿ9/ÿ=ÿ:ÿ;-/*ÿ:6ÿA,-;Bÿ-*ÿ=ÿ,/ÿÿ:6ÿ)*ÿÿ= >/*ÿ-*ÿ;? 7V9,-- -*-/*ÿ01A34ÿE>/;ÿÿTU2ÿ4ÿ=ÿTU2ÿ

Ngày tải lên: 14/06/2019, 17:20

... O? ?1 -) 1 :ÿ)-.ÿ)+83-/Nÿ9/ÿ-ÿ 21 ) -1? ?/-+ÿ+30-:ÿ;8ÿ0 1 +:ÿ0-:3ÿ.6.ÿÿ 91- ÿ; 1. ÿPQRSÿUVWXUYÿ +1 . " #2 21 ) -1? ?Z4 " $2-2/+ 1 / -1? ?+33.ÿ+/-+4 12 / -1? ?//ÿ).4 ... E=C(ÿ(=&ÿG%+>CB&+(CHÿCFFA*C@=ÿ)'ÿ%')+Lÿ(=*%L=ÿ(=)'ÿB&(=*>ÿ*G(&+ÿE&)L=('ÿDSÿ)BFC@(ÿ*+ÿ&@*+*B)@ÿ*%(F%(M T&G&A&+@&'  12 3ÿU7ÿV&'')*+ÿWÿXÿT&C>)+Lÿ25ÿXÿYZVÿL 1[  31 ÿ 31 [7 \&Sÿ]*+@&F('ÿDSÿYZV  12 3ÿ!9ÿ#ÿ9 $%&'()*+ÿ-./ÿ 01; 1 21 ^*A(G*H)*ÿBC+CL&A'ÿ(AC@I)+Lÿ)+(&A+C()*+CHÿ&N%)(Sÿ)+>)@&'ÿ=CR&ÿCÿ(AC>&*GGÿD&(E&&+ÿ@*BFH&(&+&''ÿC+>ÿ)+R&'(CD)H)(SÿD&@C%'&/ ... 3456789 ÿ ÿ9ÿ ÿÿ !! M:ÿ +1 - /1: ÿ0+9:2ÿ-.ÿ-2/2ÿÿ-ÿ)+83-/Nÿ8ÿ +1 ÿ-.ÿ3--2/ " #2 -11 ;ÿ8ÿ +1 ÿÿ0/9/3ÿ-ÿ/-2+ÿ-ÿ -11 +-4 $20+9:ÿ8ÿ./.ÿ/Nÿ-.ÿ//ÿ+8-/-+/+ÿ9ÿ8ÿ0/9 1 4

Ngày tải lên: 14/06/2019, 17:24

... the X = 14 75 call for 35.40 Buy the X = 15 15 call for 7.90 Sell two X = 15 00 calls for × 18 .10 = 36.20 = net paid 7 .10 Examine the payoff graph Max gain is if the underlying closes at 15 00 Determine ... to: 1, 500 − 1, 475 − 35.40 + 2 (18 .10 ) − 7.90 = 17 .90 For Further Reference: Study Session 15 , LOS 29.b SchweserNotes: Book p .17 5 CFA Program Curriculum: Vol.5 p.293 Question #45 of 60 In 11 0 days, ... Figure 2: Option Data for the Broad Market Index Call Price 35.40 Strike Price 1, 475 Put Price 6.80 18 .10 7.90 1, 500 1, 515 17 .00 24.60 During the meeting, the manager of Fund B states that in order

Ngày tải lên: 15/06/2019, 11:08

... only call options A) 7 .1 B) 13 .0 C) 17 .9 Question #45 of 60 In 11 0 days, the manager of Fund B expects to borrow $50,000,000 for 18 0 days at a rate of 18 0-day LIBOR plus 15 0 bp to pursue a leveraged ... date Figure 2: Option Data for the Broad Market Index Call Price 35.40 18 .10 7.90 Strike Price 1, 475 1, 500 1, 515 Put Price 6.80 17 .00 24.60 During the meeting, the manager of Fund B states that in ... 40% 25% 15 % 10 % 5% 5% Dividend/Coupon* 2.0% 1. 2% 0.9% 5.0% 4.7% 4.0% Beta 1. 0 1. 3 1. 5 0 European Index 0% *Bond coupon payments are all semiannual 1. 8% 1. 2 Managers at Garrison are concerned that

Ngày tải lên: 15/06/2019, 11:08

... Projected real spending: $12 8,750 (1. 03) = $13 2, 612 .50 Expected real spending: 13 2, 612 .50(0.9586) = $12 7 ,12 2.34 PV is Core Capital Year 2: $12 7 ,12 2.34 / (1. 042) = $11 7,5 31, 75 Candidate discussion: ... return: 12 + = 14 % Hedged return: 12 + - = 15 % Hedged currency standard deviation: 29% Unhedged currency standard deviation: Variance is: 12 (0.292) + 12 (0 .14 2) + 2 (1) (1) (0.3)(0.29)(0 .14 ) = 0 .12 81 Making ... Active Risk Fees Manager A Manager B Manager C Market Index 15 .2 18 .4 22.8 18 .5 0.86 1. 0 1. 15 1. 0 4.7% 3 .1% 1. 5% 3.2% 0.9% 0.0% 1. 5% 1. 3% 0 .1% 2.7% 0.40% 0.05% 0.60% n.a Carl Johnson is a new board

Ngày tải lên: 15/06/2019, 11:08

... $2 ,19 9 ,12 0 Futures gain: (15 47.00 − 15 26.00) × 250 × 18 7 = 9 81, 750 Total gain: $3 ,18 0,870 Return on portfolio of $16 8 million of which 70% ( $11 7.6 million) is invested in stocks: $3 ,18 0,870 / $11 7,600,000 ... calculation and Exhibit 1: Number of contracts = 19 1 .18 , or 19 1 contracts The third step is calculating the price of the futures contract six months later: $96,500 × (1 0.06) = $90, 710 The final step ... million 10 0 percent bonds 6.3 4.5 year Quarterly 0 .12 5 Short Fixed Duration 0.875 In reviewing Portfolio 1, Willow recommends using 18 7 S&P futures contracts to adjust portfolio beta to 1. 41 to

Ngày tải lên: 15/06/2019, 11:08

... after six months, the loss on the bond futures position is closest to: A) $1, 105,890 B) $1, 175,370 C) $1, 250,640 Question # 51 of 60 Suppose Elkridge considers futures contract transactions to implement ... reviewing Portfolio 1, Willow recommends using 18 7 S&P futures contracts to adjust portfolio beta to 1. 41 to take advantage of projected stock market increases Also reviewing Portfolio 1, Townsend would ... return of $2 ,19 9 ,12 0, and the S&P futures contracts are priced at 15 47.00 However Willow is surprised to find the effective beta (realized hedged beta) did not meet her target of 1. 41 She and Townsend

Ngày tải lên: 15/06/2019, 11:08

... D A D E E B C E E B 10 B C A B B B A C B A C E C A B C A X D B A C E B A D A B D A E A D B A A 11 C D A C A E B B D A D A C D C A A E A C C D A A E C E E C D E C D D E D 12 C D B C B A E D E ... C E E C C E B A D B 13 B B E D A B D D B A B E A E B D C D C E E D E A E C B B A E B B D D D C 14 E B C E B D E B E E A B D C A D C C B D A D C D D B E C C C A D A B B D 15 D B E D D C A A C ... B A B A E D A E B B A 16 C C E C C E D E C D B D E B E A D C E A B E A D D A D D B C B C E C A E 17 A E A A E B C D A B A E B C A E A A A C D A C A E A A D D E C A A C A 18 D B B B E B D A D E

Ngày tải lên: 06/11/2012, 10:01

... 40 c 11 0 d 12 1 e 13 2 17 9 – PRACTICE TEST – 12 It takes eight people 12 hours to clean an office How long would it take six people to clean the office? a hours b 15 hours c 16 hours d 18 hours ... 8 8 8 8 8 8 8 8 8 9 9 9 9 9 9 9 9 9 9 / / • • • 14 • 15 / / • • • • 16 / / • • • • 17 / / • • • • 18 / / • • • • 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 2 2 2 2 3 3 3 3 3 3 3 3 3 3 4 4 4 ... Section 2 a a a b b b c c c • 10 / / • • • • 11 / / • • • • 12 / / • • • • 13 / / • • • • / / • • • 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 2 2 2 2 3 3 3 3 3 3 3 3 3 3 4 4 4 4 4 4 4 4 4

Ngày tải lên: 02/11/2013, 18:20

... science 76 – PRACTICE TEST – 77 – PRACTICE TEST – 78 – PRACTICE TEST – Section Time: 25 minutes 35 multiple-choice questions ANSWER SHEET: 10 11 12 13 14 15 16 17 18 19 20 a a a a a a a a a a a a ... necessary 88 – PRACTICE TEST – Section Time: 10 minutes 14 multiple-choice questions ANSWER SHEET: a a a a a a a b b b b b b b c c c c c c c d d d d d d d e e e e e e e 10 11 12 13 14 89 a a a a ... not held in 19 84 Choice b corrects the error but introduces a new one The meaning of the sentence is lost, because the concert wasn’t the first 19 84 one Choice d also e 10 e 11 a 12 b 10 0 corrects

Ngày tải lên: 02/11/2013, 18:20

... scientific forestry, 60– 61; and villagers, 10 7, 11 5 11 6; and World Wars, 42–43, 46–47 forest fires, 72, 87, 10 0 10 5, 12 4; and pasture, 48, 51 53, 11 5 11 8; arson, 51, 12 2, 12 6 13 0; see also fire protection ... protection, 51 55, 10 8, 11 5 forest conflicts: European, 8, 91 93, 11 6 11 7, 13 3 13 4, 18 6 18 8 forest destruction and ecological decline, 14 3; and fire, 31 35; and industrialization, 15 6 17 3; and railways ... law: breaches of, 34– 41, 49–52, 55, 70, 16 4 – CBEST PRACTICE EXAM – 11 5 11 6, 12 1 12 3; see also forest conflicts forest management: and agrarian economy, 10 4 10 5, 12 1, 18 6 18 9; and imperial needs,...

Ngày tải lên: 02/11/2013, 17:20

... 2T 11 T can add them: ᎏ2ᎏ + ᎏ2ᎏ + ᎏ2ᎏ = ᎏ2ᎏ Now you have 226 – CBEST PRACTICE EXAM – 11 T ᎏᎏ 42 43 44 45 46 47 48 49 50 = 55 Multiply both sides by 2: 11 T = 11 0 Divide through by 11 to get T = 10 ... LEARNINGEXPRESS CALIFORNIA BASIC EDUCATIONAL SKILLS TEST ANSWER SHEET – Section 1: Reading Comprehension 10 11 12 13 14 15 16 17 18 19 20 a a a a a a a a a a a a a a a a a a a a b b b b b b b b b b b b ... previously? a 36 b 55 c 88 d 12 6 e 13 2 Incendiary, suspicious Heating equipment 16 1,500 (27.5%) 770 (16 .8%) Cooking equipment 10 4,800 (17 .8%) 350 (7.7%) 65,400 (11 .1% ) 620 (13 .6%) Electrical equipment...

Ngày tải lên: 02/11/2013, 17:20

... LEARNINGEXPRESS ANSWER SHEET – Answer Sheet SECTION 1: READING 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 a a a a a a a a a a a a a a a a a a a ... d d d d d d d d d d d d d d d d d d d d d d d d 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 a a a a a a a a a a a a a ... d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 a a a a a a a a a a a a a a a a a a...

Ngày tải lên: 02/11/2013, 18:20

... LEARNINGEXPRESS ANSWER SHEET – Answer Sheet SECTION 1: READING 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 a a a a a a a a a a a a a a a a a a a ... d d d d d d d d d d d d d d d d d d d d d d d d 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 a a a a a a a a a a a a a ... 9:24, 1: 44 18 0 11 :35 12 0 11 : 31 60 10 : 51 DISTANCE FROM CHICAGO (MILES) 10 :47 DISTANCE TRAVELED FROM CHICAGO WITH RESPECT TO TIME 10 :07 Question 28 is based on the following diagram TIME (HOURS) 10 :03...

Ngày tải lên: 02/11/2013, 18:20