schweser notes cfa level 2 2013 pdf

... EQUI T Y I N VESTMENTS ? ?20 Publi12shedKaplina20n, 1I2nc.byAlKapll rigahtnsSchwes reserved.er PriISBN:nted978-1in the4Uni277-te4d245-Stat2esIof1-Ameri c a 27 74 24 56 PPN: 320 0 -28 51 If this book does ... Session 12- Equity Investments: Valuation Models Self-Test - Equity Investments Formulas lndex 43 106 26 6 27 1 27 6 SCHWESERNOTES™ 20 13 CFA LEVEL I ... Level I (CPA Institute, 20 13) Five eCompet 33. 32 TheDiscount d Dividiendtive ValForcesuatioThatn Shape Strategy Reading Assignments CPA Program Curriculum, Volume 4, Level I (CPA Institute, 20 13)

Ngày tải lên: 04/03/2019, 13:39

... underlying will distribute 2. 927 7 at Time t = 0.5: γt = 2. 927 7 The time until the distribution of 2. 927 7 is t, and hence, the present value is γ0 = 2. 927 7/(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 = 20 0,000 NWCInv = 30,000 S = 22 0,000 C = 90,000 D = 35,000 T = 40% or 0.40 Sal T = 50,000 B T = 25 ,000 n=5 Outlay = 20 0,000 + 30,000 = $23 0,000 CF = (22 0,000 – 90,000 – 35,000) ... = $ 92, 000 or CF = (22 0,000 – 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 = -23 0,000 CF1 = 920 00 ... CF = 920 00 CF = 920 00 CF4 = 920 00 –––––––––––––––––––––––––––––––––––––– Copyright © FinQuiz.com All rights reserved –––––––––––––––––––––––––––––––––––––– FinQuiz Notes Reading 20 Reading 20 Capital

Ngày tải lên: 18/10/2021, 20:35

... EUR =1 .28 75 One year forward rate USD/ EUR = 1 .28 485 One year forward point = 1 .28 485 – 1 .28 75 = –0.0 026 5 • It is scaled up by four decimal places by multiplying it by 10,000 i.e -0.0 026 5 × 10,000 ... = 1.0460 Exchange rate for USD/EUR = 1 .28 80 The exchange rate for CAD/EUR is determined as follows: CAD USD CAD × = USD EUR EUR 1.0460 × 1 .28 80 = 1.34 72 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 = $20 0,000 + $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 – = 13.74 72 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 0.13 02 0.5197 -0.1 929 0.13 02 -1.4814 0.0541 0.13 02 0.41 52 -0.1498 0.13 02 -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 1 92 2 02 Page I SCHWESER? ??S SECRET SAUCE®: 20 14 CFA LEVEL II ? ?20 13 Kaplan, Inc All rights reserved Published in 20 13 by Kaplan Schweser Printed in the United States of America ISBN: 978-1- 427 7-4936-9 ... lotto "Kent Tt/eottoad Dr BijeshTolia, CFA, CA Vice President of CFA Education and Level II Manager Kaplan Schweser Kent Westlund, CFA Content Specialist ? ?20 13 Kaplan, Inc Page ETHICAL AND PROFESSIONAL ... 77, 101,1 12 residual term 19 residual value to paid-in capital 1 32 remeasurement restructuring 92 objectives 188 revenue recognition 69 return reverse cash-and-carry arbitrage 1 62 ? ?20 13 Kaplan,

Ngày tải lên: 28/03/2018, 16:49

... Portfolio Managem ent 25 4 Formulas 25 7 Index 26 2 SCHWESERNOTES™ 20 14 CFA LEVEL II BOOK 5: DERIVATIVES AND PORTFOLIO MANAGEMENT ? ?20 13 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, 20 13) 51 Forward Markets and Contracts 52 ... readings as set forth by CFA Institute in their 20 14 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. 021 6% 3. 021 6% 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. 028 05) Year ... ABS 26 5 credit enhancement 25 6 credit ratings 23 2, 23 3 credit risk 23 0 credit scoring 23 1 credit spread 23 1 current income 12 curvature 159, 160 D debt service coverage ratio (DSCR) 32, 26 3 demographic

Ngày tải lên: 28/03/2018, 17:04

... correlation: p 12 = Op = wj erf +w2 02 +2WJW2COVFJ2 Covi ,2 °l*) 22 5 optimal portfolio selection 185 optimal risky portfolio allocation 173 optimization 159 option Greeks 78 options on assets 62 options ... frontier 22 0 residual return 21 8 residual risk 22 3 objectives 24 7 reverse cash-and-carry arbitrage 12, 41 reward-to-risk ratio 170 Security Market Line (SML) 176,180 semi-active strategies 24 6 senior ... permission Violators will be prosecuted SCHWESERNOTES™ 20 15 CFA LEVEL II BOOK 5: DERIVATIVES AND PORTFOLIO MANAGEMENT ? ?20 14 Kaplan, Inc All rights reserved Published in 20 14 by Kaplan, Inc Printed in

Ngày tải lên: 28/03/2018, 17:04

... Finance, CFA Program Curriculum, Volume 3, Level II (CFA Institute, 20 14) 22 Capital Budgeting 23 Capital Structure 24 Dividends and Share Repurchases: Analysis ? ?20 14 Kaplan, Inc page 22 1 page 26 9 ... page 126 STUDY SESSION Reading Assignments Financial Reporting and Analysis, CFA Program Curriculum, Volume 2, Level II (CFA Institute, 20 14) 20 Evaluating Quality of Financial Reports 21 Integration ... CFA Program Curriculum, Volume 3, Level II (CFA Institute, 20 14) 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 ? ?20 18 Kaplan, Inc SCHW ESER’S SECRET SAUCEđ: 20 18 LEVEL II CFA? ? ? ?20 18 Kaplan, Inc All rights reserved Published in 20 18 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 ? ?20 18 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

... tư số 57 /20 12/ TT-BGDĐT ngày 27 / 12/ 20 12 sửa đổi, bổ sung số điều Quy chế đào tạo đại học cao đẳng hệ quy theo hệ thống tín ban hành kèm theo Quyết định số 43 /20 07/QĐ-BGDĐT ngày 15/8 /20 07 Bộ trưởng ... 11 Bắt đầu Kết thúc 7h30 9h30 9h10 11h10 13h30 15h30 15h10 17h10 18h30 19h25 20 h30 19h20 20 h15 21 h20 Hàng tuần dành 02 tiết cuối buổi học ngày thứ để lớp tổ chức: sinh hoạt lớp, Đoàn niên, Hội ... Nha Trang; Căn Quyết định số 58 /20 10/QĐ-TTg ngày 22 /9 /20 10 Thủ tướng Chính phủ việc ban hành Điều lệ trường đại học; Căn Quyết định số 43 /20 07/QĐ-BGDĐT ngày 15/8 /20 07 Bộ trưởng Bộ Giáo dục Đào

Ngày tải lên: 19/03/2022, 00:07

... ? ?2 50 ? ?2 174 ( 52) a 334 3 72 (55)a 56 (58)a 20 7 ±3 184 381 (60)a ( 62) a 115 24 2 (26 )a 63 124 ? ?2 194 391 20 3 400 67 (27 )a 28 133 ( 42) a (24 )a 25 Tol Morse –ƒ’‡” No (38)a 20 0 107 Tol 36 161 193 l2 ... l1 d1 134 32 58 138 (34)a 62 1 42 (35)a 10 66 146 11 12 (13)a 14 (15)a 16 (17)a 18 (19)a 20 (21 )a 22 (23 )a 71 151 76 156 81 87 άͳǡͷ 93 100 40 (44)a 181 45 29 3 1 42 3 02 ? ?2 1 52 3 12 163 323 (46)a 187 ... Resale, 11/30 /20 13 21 :56 :24 MST © ISO 20 13 ``,`,,,,,,`,,,`,``,,`,,```,`,`-`-`,,`,,`,`,,` - Second edition 20 13-05-01 ``,`,,,,,,`,,,`,``,,`,,```,`,`-`-`,,`,,`,`,,` - ISO 23 6 -2: 2013( E) COPYRIGHT

Ngày tải lên: 05/04/2023, 08:55

... Nov -27 -20 14 by James Madison No further reproduction or distribution is permitted Uncontrolled when printe 616 72- 2 © IEC :20 13 616 72- 2 © IEC :20 13 ELECTROACOUSTICS – SOUND LEVEL METERS – Part 2: ... subscriptions.techstreet.com, downloaded on Nov -27 -20 14 by James Madison No further reproduction or distribution is permitted Uncontrolled when printe 616 72- 2 © IEC :20 13 616 72- 2 © IEC :20 13 INTERNATIONAL ELECTROTECHNICAL ... 616 72- 2 :20 13 ® Edition 2. 0 20 13-09 INTERNATIONAL STANDARD NORME INTERNATIONALE Electroacoustics – Sound level meters – Part 2: Pattern evaluation tests Electroacoustique – Sonomètres – Partie 2:

Ngày tải lên: 17/04/2023, 11:42

... 128 M .2. 1 General 128 M .2. 2 Test summary report 128 M .2. 3 Publication of labels 129 M .2. 4 Wind turbine variants 129 M.3 Tests for labelling 129 M.3.1 ... subscriptions.techstreet.com, downloaded on Nov -27 -20 14 by James Madison No further reproduction or distribution is permitted Uncontrolled when printe – 27 5 – 61400 -2  CEI :20 13 61400 -2  CEI :20 13 Test Results / Résultats ... 29 General 26 Design methods 27 Quality assurance 27 evaluation 29 6.1 6 .2 6.3 General 29 SWT classes 29 Wind

Ngày tải lên: 17/04/2023, 11:45

... (66, 52) 2 (496,03 )2 (28 ,14 )2 (5, 82) 2 (1,48 )2 (25 ,04 )2 (44,35 )2 + + (330,69 ) + + ( 127 ,3 ) + + (38,88 ) + + ( 125 2,31) + + (26 2,84 )2 + (153,63 )2 + (113, 12) 2 (708,71 )2 + (564, 62) 2 + (1510 ,23 )2 ... 2( 29,56 ) (27 ,57 )(0 ,2 ) u AEP, u V,1 = (20 8, 02 ) + (21 6,34 ) + (20 1,78 ) + 2( 208, 02 ) (21 6,34 )(0,9 ) + 2( 208, 02 ) (20 1,78 )(0 ,2 ) + 2( 216,34 ) (20 1,78 )(0 ,2 ) u AEP, sP = + + (0,48 )2 (14,98 )2 ... wtg2 wtg2 wtg3 ↓ wtg3 ↓ wtg2 ρ 1 ,2 wtg1 ρ 2, 3 ↓ ↓ ↓ ↓ wtg1 ↓ ↓ ρ 1 ,2 wtg3 ↓ ↓ ↓ ↓ … … … … … … … u AEP, uP,1 = (28 , 42 ) + (29 ,56 ) + (27 ,57 ) + (28 , 42 ) (29 ,56 )(0,8 ) + 2( 28, 42 ) (27 ,57 )(0 ,2 )

Ngày tải lên: 17/04/2023, 11:46

... November 20 13 Amendments issued since publication Date Text affected BS EN 926 -2: 2013 EN 926 -2 EUROPEAN STANDARD NORME EUROPÉENNE EUROPÄISCHE NORM November 20 13 ICS 97 .22 0.40 Supersedes EN 926 -2: 2005 ... B-1000 Brussels © 20 13 CEN All rights of exploitation in any form and by any means reserved worldwide for CEN national Members Ref No EN 926 -2: 2013: E BS EN 926 -2: 2013 EN 926 -2: 2013 (E) Contents ... lieu Luan van Luan an Do an.Tai lieu Luan van Luan an Do an BS EN 926 -2: 2013 EN 926 -2: 2013 (E) Foreword This document (EN 926 -2: 2013) has been prepared by Technical Committee CEN/TC 136 “Sports,

Ngày tải lên: 24/07/2023, 01:16

... 程 教 育 ⾦金金 程 教 育 ⾦金金 程 教 育 CFA Schweser Study Notes Level 2 2018 Top 100 Answers _2. pdf (p.1-107) CFA Schweser Study Notes Level 2 2018 Top 100 Answers_1 .pdf (p.108 -20 7)

Ngày tải lên: 05/09/2018, 17:07