schweser cfa level 1 practice exams 2013 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 ... supervisors 18 Correct answer is B Standards of Practice Handbook, 9th edition (CFA Institute, 2005), pp 83-85, 11 3 -11 5 Standards I-VII 2008 Modular Level I, Vol 1, pp 69- 71, 89- 91 Study Session 1- 2-a ... (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 ... the agreement 18 Standards of Practice Handbook, 9th edition (CFA Institute, 2005), pp 83-85, 11 3 -11 5 Standards I-VII 2008 Modular Level I, Vol 1, pp 69- 71, 89- 91 Study Session 1- 2-a demonstrate

Ngày tải lên: 18/06/2019, 15:19

... 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 ... 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

Ngày tải lên: 18/06/2019, 15:19

... procedures 10 Standards of Practice Handbook, 9th edition (CFA Institute, 2005), pp 15 -16 , 83, 91, 11 3 Standards I-VII 2008 Modular Level I, Vol 1, pp 21- 22, 69, 75, 89 Study Session 1- 2-a demonstrate ... 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 ... 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

Ngày tải lên: 18/06/2019, 15:19

... 5 ( 1 14.2 ( 1 19.9 (12 4.8 (12 8 .1 - 10 6.5) I 1 14.2) I 1 1 9.9) I 12 4.8) I 10 6.5 1 1 4.2 1 1 9 .9 12 4.8 = = = = 7.2% 5.0% 4 .1% 2.6% The inflation rate is decreasing, but the price level ... currency and then proceed as above. For example, a decrease 1. 44 1. 42 1. 41 (1 1.42) (1 1.44) - 1 1 .1. 4424 -1 0. 014 1. 1 -1 0. 014 1. (1- 0. 013 9) in the USDIEUR exchange rate from USD relative to the ... Value ($ billions} Cumulative Face Value ($ billions} 0 .10 81 3 3 0 10 90 12 15 0 10 98 8 23 0 1 1 04 5 28 0 1 1 1 7 8 36 0 1 1 24 7 43 $35 Because the total face value of bills

Ngày tải lên: 06/10/2015, 12:00

... 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 .10 5 or -10 .5%. The percent change in price is = (1, 200 − 1, 000) / [ (1, 000 + 1, 200) / 2] = 200 / 1, 100 = 0 .18 18 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 2 010 8.4 10 .2 0.7 1, 834 2 ,12 5 18 ,222 10 0 2009 21. 1 21. 1 1. 1 1, 730 2 ,13 0 17 ,635 10 0 2008 –39.7 –39.8 1. 0 1, 6 31 2 ,14 1 19 ,246 10 0 2007 1. 4 6.2 1. 2 1, 532 2 ,12 7 14 , 819 10 0 2006 11 .4 10 .5 0.9 1, 428 ... 0.9 1, 428 2 ,11 6 12 ,362 10 0 2005 1. 0 4.3 0.8 68 1, 115 12 ,0 51 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 20 01 ? ?17 .7 ? ?12 .8 0.8 41 870 8,632 ... 17 5.0 38.5 64.2 2002 82.3 1. 0 17 5.0 78.8 52.5 2003 12 9.5 29.9 17 5.0 10 5.0 58.3 2004 14 3.5 42.3 17 5.0 12 0.8 41. 6 2005 15 7.5 97.0 17 5.0 11 9.0 37.8 2006 16 6.2 12 9.3 17 5.0 11 2.0 31. 1 2007 17 1.5 18 4.7

Ngày tải lên: 24/05/2016, 19:33

... into fifths into tenths Percentile (10 0) Statistical Concepts and Market Rerurns - CFA Mind Maps Level - 2 016 - Copyright by WAY TO FINANCE SUCCESS Ly =(n +1) x y /10 0 WAY TO FINANCE SUCCESS - Website: ... potential employees 2 .1 Standard I PROFESSIONALISM - CFA Mind Maps Level - 2 016 - 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 - 2 016 - 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

... ~signmenu uonom;t:f CFA Program Level I 2 014 Curriculum Volume (CFA Institute, 2 013 ) 13 Demand and Supply An:a.lysis:Introduction 14 Demand and Supply An:a.lysis:Consumer Demand 15 Demand and Supply ... Growth 18 Undersranding Bwincss Cydcs 19 Monetary and Fiscal Policy page 12 4 page 15 5 page 17 7 , STUDY SESSION Reading ~signmenu uonom;t:f CFA Program Level I 2 014 Curriculum Volume (CFA Institute, ... An:a.lysis:The Firm 16 The Firm and Market Structures STUDY SESSION page page 46 page 58 page 92 Reading Assignments UDnDm;t:f CFA Program Level I 2 014 Curriculum Volume (CFA Instirute, 2 013 ) 17 Aggregate

Ngày tải lên: 28/03/2018, 16:50

... targeting 19 0 expansion 15 7 expansionary fiscal policy 13 8 expansionary monetary policy 13 7, 17 9, 19 1 expected inflation 16 9 expenditure approach 12 7 exports 210 export subsidies 217 , 218 external ... Herfindahl-Hirschman Index 11 6 human capital 14 5 hyperinflation 16 4 excess capacity 10 2 excess demand 15 excess reserves 18 1 excess supply exchange rate regimes 239 exchange rates 13 8, 13 9, 2 31 exchange rate ... economists 19 4 Keynesian school 16 1 kinked demand curve model 10 4 L labor force 14 5 ,16 2 labor productivity 13 9 labor supply 14 5 lagging indicators 17 1 ©2 014 Kaplan, Inc Page 2 61 PRINTED BY: Stephanie

Ngày tải lên: 28/03/2018, 17:02

... effective annual rate is (1 + 0.06 / 4)4 = 1. 015 4 — = 6 .13 6% and a $1, 000 investment will return $1, 000 (1. 0 613 6) = $1, 0 61. 36 at the end of one year ©2 014 Kaplan, Inc Page 2 41 PRINTED BY: Stephanie ... properties 10 B Management fee is ? ?15 5 million x 0.02 = £3 .1 million Incentive fee is (? ?15 5 million - ? ?15 0 million) x 0.20 = ? ?1. 0 million Total fee is £3 .1 million 11 A + ? ?1. 0 million = £4 .1 million ... Analysis page 10 3 page 13 3 STUDY SESSION 17 Reading Assignments Derivatives and Alternative Investments, CFA Program Level I 2 015 Curriculum, Volume (CFA Institute, 2 014 ) page 16 5 57 Derivative

Ngày tải lên: 28/03/2018, 17:03

... * » ©2 013 Kaplan, Inc 11 46 93 15 7 17 1 18 9 220 245 259 266 280 Page m % \ _> SCHWESERS SECRET SAUCEđ: 2 014 CFA LEVEL I â2 013 Kaplan, Inc All rights reserved Published in 2 013 by Kaplan Schweser ... Corporate Finance: SS 11 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 Exam ... n '•I I ! -=• SCHWESER ; v~ pfjf JH m m w ir I EXAM PREP A f 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

Ngày tải lên: 16/08/2018, 14:33

... – Performance Evaluation 20 15 16 17 20 18 14 17 18 16 Total: 18 0 Page Level III THIS PAGE INTENTIONALLY LEFT BLANK ANY MARKS MADE ON THIS PAGE WILL NOT BE GRADED Level III Page QUESTION HAS ... Level III Page The Morning Session of the 2 013 Level III CFA? ? Examination has 11 questions For grading purposes, the maximum point value ... INSTITUTE USE ONLY Page CFA INSTITUTE USE ONLY Level III Answer Question on This Page Level III Answer Question on This Page Page CFA INSTITUTE USE ONLY Page 10 CFA INSTITUTE USE ONLY Level III Answer

Ngày tải lên: 07/09/2018, 11:26

... *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 ... CFA Level Complete 1, 905 terms mccauley04 Try diagrams on Quizlet! See what you're learning in a whole new ... rates and equate the present value of the cash flows of the 1. 5-year bond to its price, with 1. 5-year bond as the only unknown *Solve for 1. 5-year bond Nominal Spread The difference between a bond's

Ngày tải lên: 14/06/2019, 16:03

... outstanding)+(days on inventory on hand)-(number of days of payables) SOLVENCY RATIOS 11 4 11 5 11 6 11 7 11 8 11 9 Debt to equity ratio= (Total debt) (Total Shareholders Equity) Debt To Capital= (Total ... Extension: + 91 8588 816 146 HYDERABAD Kukatpally: + 91 7032227363 | Somajiguda: + 91 9908 414 4 41 INDORE Khajrana Road: + 91 9893052856 KOLKATA Kasba: + 91 7044596736 | Kankurgachi: + 91 94 310 0 910 8 Shakespeare ... holding period DDM, D1 D2 P2 + + ( (1+ ke) ) (1+ ke)2 ( (1+ ke)2) Value= Multi-stage dividend discount model: Dn D1/ D2 Pn + + + Value= (1+ ke) ) (1+ ke)2 ( (1+ ke)n ) ( (1+ ke)n) Pn= 16 9 (Dn +1) (Ke-gc) Free

Ngày tải lên: 14/06/2019, 16:57

... infringement of copyright 16 5 Answer: C PV = FV /  (1 + r)N 65 = 10 0 /  (1 + r)4×5 r = 2 .17 7% More simply: N = 20; FV = 10 0; PV = –65; CPT I/Y; I/Y = 2 .17 7% 2 .17 7% ì = 8. 71% â Wiley 2 017 All Rights Reserved ... $79 © Wiley 2 017 All Rights Reserved Any unauthorized copying or distribution will constitute an infringement of copyright 16 8 Questions 11 1? ?11 4 relate to Alternative Investments 11 1 Which of the ... by 13 .5% if rates increased by 10 0 bps, it would increase by more than 13 .5% if rates fell by 10 0 bps 10 1 Consider a newly issued, seven‐year, 5% annual‐pay bond that is priced at 10 6 per 10 0

Ngày tải lên: 09/09/2020, 17:03

... 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 ... Form Back 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) ... 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