schweser notes cfa level 2 2013 download

... EQUI T Y I N VESTMENTS ©20Publi12shedKaplina20n, 1I2nc.byAlKapll rigahtnsSchwes reserved.er PriISBN:nted978-1in the4Uni277-te4d245-Stat2esIof1-Ameri c a 2774 2456 PPN: 3200-2851 If this book does ... Session 12- Equity Investments: Valuation Models Self-Test - Equity Investments Formulas lndex 43 106 266 271 276 SCHWESERNOTES™ 2013 CFA LEVEL I ... Level I (CPA Institute, 2013) Five eCompet 33.32 TheDiscount d Dividiendtive ValForcesuatioThatn Shape Strategy Reading Assignments CPA Program Curriculum, Volume 4, Level I (CPA Institute, 2013)

Ngày tải lên: 04/03/2019, 13:39

... underlying will distribute 2.9277 at Time t = 0.5: γt = 2.9277 The time until the distribution of 2.9277 is t, and hence, the present value is γ0 = 2.9277/(1 + 0.05)0.5 = 2.8571 The time between ... = [(2.84)2 – 2(2.84)(4.64)(0.575) + (4.64)2]1/2 = 3.80% The active investor assigns a “score” of either +1.0 or –1.0 on credit exposure each quarter Annualized active risk = 3.80 × (4)1/2 = 7.60% ... annualized active risk = 4.00/7.60 = 52.6% Ø This implies that portfolio will now be invested 70% + 52.6% = 122.6% in investment-grade bonds by taking short position of 22.6% in high-yield bonds Ø For

Ngày tải lên: 18/10/2021, 20:35

... date Example: FCInv = 200,000 NWCInv = 30,000 S = 220,000 C = 90,000 D = 35,000 T = 40% or 0.40 Sal T = 50,000 B T = 25,000 n=5 Outlay = 200,000 + 30,000 = $230,000 CF = (220,000 – 90,000 – 35,000) ... = $92,000 or CF = (220,000 – 90,000) (1 – 0.40) + (0.40 × 35,000) = $ 92,000 TNOCF = 50,000 + 30,000 – 0.40 (50,000 – 25,000) = $70,000 NPV is calculated as follows: CF0 = -230,000 CF1 = 92000 ... CF = 92000 CF = 92000 CF4 = 92000 –––––––––––––––––––––––––––––––––––––– Copyright © FinQuiz.com All rights reserved –––––––––––––––––––––––––––––––––––––– FinQuiz Notes Reading 20 Reading 20 Capital

Ngày tải lên: 18/10/2021, 20:35

... EUR =1.2875 One year forward rate USD/ EUR = 1.28485 One year forward point = 1.28485 – 1.2875 = –0.00265 • It is scaled up by four decimal places by multiplying it by 10,000 i.e -0.00265 × 10,000 ... = 1.0460 Exchange rate for USD/EUR = 1.2880 The exchange rate for CAD/EUR is determined as follows: CAD USD CAD × = USD EUR EUR 1.0460 × 1.2880 = 1.3472 CAD/EUR Now Suppose, The size of the transaction: ... 16 Volume 1, Reading 12 𝒀 𝑲 𝟏 = ! 𝒔 & 3!𝟏, 𝜶& + 𝜹 + 𝜽 FinQuiz.com Practice: Example 10, Volume 1, Reading 12 & + 𝜹 + 𝒏9 𝒌 𝟏, 𝜶 Refer to: Exhibit 13, Volume 1, Reading 12 • The Straight line represents

Ngày tải lên: 18/10/2021, 20:35

... Reading 32 Reading 32 Residual Income Valuation Residual Income Persistence is lower when: • ROE is at an extreme level • Extreme levels of non-recurring and other special items • Extreme level ... value of fixed assets + value of intangible assets Total Value of business = $200,000 + $800,000 + $22,889 = $1,022,889 Reading 33 4.3 Private Company Valuation Market Approach Methods of Private ... holding period return = 0.74% Annualized Holding period Return = (1.0074)365 – = 13.7472 or 1,374.72% 2.2 Realized and Expected (Holding Period) Return 1) Realized Holding Period Return: Return

Ngày tải lên: 18/10/2021, 20:35

... ASC Topic 320 effect) FinQuiz.com Business Combinations In Joint Venture § IAS 27 IFRS 11 IFRS IFRS 12 IFRS 10 IAS 28 FASB ASC Topic FASB ASC Topics FASB ASC Topic 323 805 and 810 323 Source: ... control Consolidation IAS 28 IAS 27 U.S.GAAP FASB ASC Topic 320 New Financial Reporting (post IFRS taking Classified as: § Fair value through profit or FASB ASC Topic 323 Equity method FASB ASC ... (typically less than 20% ownership interest*) 2) Investments in associates in which the investor can exert significant influence but not control over the investee (typically between 20% -50% ownership

Ngày tải lên: 18/10/2021, 20:35

... follows: Lag Autocorrelation Standard Error t-statistic* 0.0677 0.1302 0.5197 -0.1929 0.1302 -1.4814 0.0541 0.1302 0.4152 -0.1498 0.1302 -1.1507 * t-statistic = Autocorrelations / Standard Error It ... monthly sales data, the AR model becomes: xt = b0 + b1x t-1 + b2x t-12 + εt NOTE: R2 of the model without seasonal lag will be less than the R2 of the model with seasonal lag This implies that when ... Observations in the scatter plot are represented by a point, and the points are not connected 2.2 & 2.3 Correlation Analysis & Calculating and Interpreting the Correlation Coefficient The sample

Ngày tải lên: 18/10/2021, 20:35

... 177 192 202 Page I SCHWESER’S SECRET SAUCE®: 2014 CFA LEVEL II ©2013 Kaplan, Inc All rights reserved Published in 2013 by Kaplan Schweser Printed in the United States of America ISBN: 978-1-4277-4936-9 ... lotto "Kent Tt/eottoad Dr BijeshTolia, CFA, CA Vice President of CFA Education and Level II Manager Kaplan Schweser Kent Westlund, CFA Content Specialist ©2013 Kaplan, Inc Page ETHICAL AND PROFESSIONAL ... 77, 101,112 residual term 19 residual value to paid-in capital 132 remeasurement restructuring 92 objectives 188 revenue recognition 69 return reverse cash-and-carry arbitrage 162 ©2013 Kaplan,

Ngày tải lên: 28/03/2018, 16:49

... Portfolio Managem ent 254 Formulas 257 Index 262 SCHWESERNOTES™ 2014 CFA LEVEL II BOOK 5: DERIVATIVES AND PORTFOLIO MANAGEMENT ©2013 Kaplan, Inc All rights ... by CFA Institute STUDY SESSION 16 Reading Assignments Derivatives and Portfolio Management, CFA Program Curriculum, Volume 6, Level II (CFA Institute, 2013) 51 Forward Markets and Contracts 52 ... readings as set forth by CFA Institute in their 2014 CFA Level II Study Guide The information contained in these Notes covers topics contained in the readings referenced by CFA Institute and is believed

Ngày tải lên: 28/03/2018, 16:51

... Benchmark Interest Rate Paths for 3-year horizon Path Year Year Year 2% 2% 2% 2% 2.8050% 2.8050% 2.0780% 2.0780% 4.0787% 3.0216% 3.0216% 2.2384% Dixon wants Song to value three-year, 4% annual pay, $100 ... in years 2, and 3, respectively The values for each path and the average value is shown below Path Year 1 2% 2% 2% 2% Path value = C Year 2.8050% 2.8050% 2.0780% 2.0780% (1.02) (1.02X1.02805) Year ... ABS 265 credit enhancement 256 credit ratings 232, 233 credit risk 230 credit scoring 231 credit spread 231 current income 12 curvature 159, 160 D debt service coverage ratio (DSCR) 32, 263 demographic

Ngày tải lên: 28/03/2018, 17:04

... correlation: p12 = Op = wj erf +w202 +2WJW2COVFJ2 Covi,2 °l*) 225 optimal portfolio selection 185 optimal risky portfolio allocation 173 optimization 159 option Greeks 78 options on assets 62 options ... frontier 220 residual return 218 residual risk 223 objectives 247 reverse cash-and-carry arbitrage 12, 41 reward-to-risk ratio 170 Security Market Line (SML) 176,180 semi-active strategies 246 senior ... permission Violators will be prosecuted SCHWESERNOTES™ 2015 CFA LEVEL II BOOK 5: DERIVATIVES AND PORTFOLIO MANAGEMENT ©2014 Kaplan, Inc All rights reserved Published in 2014 by Kaplan, Inc Printed in

Ngày tải lên: 28/03/2018, 17:04

... Finance, CFA Program Curriculum, Volume 3, Level II (CFA Institute, 2014) 22 Capital Budgeting 23 Capital Structure 24 Dividends and Share Repurchases: Analysis ©2014 Kaplan, Inc page 221 page 269 ... page 126 STUDY SESSION Reading Assignments Financial Reporting and Analysis, CFA Program Curriculum, Volume 2, Level II (CFA Institute, 2014) 20 Evaluating Quality of Financial Reports 21 Integration ... CFA Program Curriculum, Volume 3, Level II (CFA Institute, 2014) 25 Corporate Performance, Governance, and Business Ethics 26 Corporate Governance 27 Mergers and Acquisitions page 314 page 325

Ngày tải lên: 16/08/2018, 14:34

... 185 ©2018 Kaplan, Inc SCHW ESER’S SECRET SAUCEđ: 2018 LEVEL II CFAđ â2018 Kaplan, Inc All rights reserved Published in 2018 by Kaplan Schweser Printed in the United States of America ISBN: ... regards, 'K ent 'M Jeatluaci Dr Bijesh Tolia, CFA, CA Vice President of CFA Education and Level II Manager Kaplan Schweser ©2018 Kaplan, Inc Kent Westlund, CFA, CPA Senior Content Specialist Page iii ... coefficient instability 22 coefficient of determination 15 cointegration 22 commercial real estate 171 comparable company analysis 82 comparable transaction analysis 82 compensation arrangements

Ngày tải lên: 14/06/2019, 17:04

... ⾦金金程教育 Trang 20 ⾦金金程教育 Trang 21 ⾦金金程教育 Trang 22 ⾦金金程教育 Trang 23 ⾦金金程教育 Trang 24 ⾦金金程教育 Trang 25 ⾦金金程教育 Trang 26 ⾦金金程教育 Trang 27 ⾦金金程教育 Trang 28 ⾦金金程教育 Trang 29 ⾦金金程教育 Trang ... ⾦金金程教育 Trang 199 ⾦金金程教育 Trang 200 ⾦金金程教育 Trang 201 ⾦金金程教育 Trang 202 ⾦金金程教育 Trang 203 ⾦金金程教育 Trang 204 ⾦金金程教育 Trang 205 ⾦金金程教育 Trang 206 ⾦金金程教育 Trang 207 ⾦金金程教育 ... Trang 123 ⾦金金程教育 Trang 124 ⾦金金程教育 Trang 125 ⾦金金程教育 Trang 126 ⾦金金程教育 Trang 127 ⾦金金程教育 Trang 128 ⾦金金程教育 Trang 129 ⾦金金程教育 Trang 130 ⾦金金程教育 Trang 131 ⾦金金程教育 Trang 132 ⾦金金程教育

Ngày tải lên: 05/09/2018, 17:07

... Page List 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 i iii iv v vi vii viii ix 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Using the ... consistent with given investment objectives 11 Key Concepts LOS 42.a LOS 42.b LOS 42.c, e LOS 42.d, e LOS 42.f LOS 42.g, h LOS 42.i LOS 42.j 12 Concept Checkers Answers – Concept Checkers 14 Self-Test: ... written permission of the publisher SCHWESERNOTES™ 2018 LEVEL II CFA® BOOK 4: FIXED INCOME AND DERIVATIVES (eBook) ©2017 Kaplan, Inc All rights reserved Published in 2017 by Kaplan, Inc Printed in

Ngày tải lên: 16/10/2021, 14:45

... LOS 20.a LOS 20.b LOS 20.c LOS 20.d LOS 20.e LOS 20.f LOS 20.g LOS 20.h 10 LOS 20.i 11 LOS 20.j 12 Key Concepts LOS 20.a LOS 20.b LOS 20.c LOS 20.d LOS 20.e LOS 20.f LOS 20.g LOS 20.h LOS 20.i ... 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 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 ... these Notes PAGES LIST BOOK VERSION 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 49 i iii iv v vi vii viii 10 11 12 13

Ngày tải lên: 28/07/2017, 10:58

... Transactions Referral Fees Responsibilities as a CFA Institute Member or CFA Candidate Conduct in the CFA Program Reference to CFA Institute, CFA Designation, and CFA Program QUANTITATIVE METHODS Machine ... nd, translate with current rates Net purch power gain/loss reported in income 最新CFA、FRM、AQF、ACCA资料欢迎添加微信286982279 Beneish model: Used to detect earnings manipulation based on eight variables ... Linear Regression Correlation: Ny = covXY (sx )( sy ) t-test for r (n —2 df): t = r>/n —2 V l-r cov xy Estimated slope coefficient: CFA® E x a m M SR = RSS / k • M SE = SSE / (n - k - 1) • Test statistical

Ngày tải lên: 23/05/2019, 08:56

... covariance 24, 173 covenants 220, 246 credit analysis 145, 246 credit card ABS 240 credit default swaps 190, 255 credit enhancements 220, 238 credit-linked coupon bonds 222 credit-linked note 227 credit ... eternal credit enhancements 238 Eurobonds 220 Eurocommercial paper (ECP) 226 European options 255 event 22 event-driven strategies 269 excess kurtosis 22 excess reserves 228 exchanges 191 exchange-traded ... investments 274 budget line 46 bullet structure 221 business risk 158 c callable common shares 200 call dates 223 call markets 194 call option 190, 223 call premium 223 call protection 223 call schedule

Ngày tải lên: 12/06/2019, 16:57

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Ngày tải lên: 18/06/2019, 15:12

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Ngày tải lên: 18/06/2019, 15:13