cfa level 1 curriculum pdf 2015

... Market demandis: O-Dgas=107,500-12,500Pgas+2001+1,200PBT-100Pauto Inserting the values given,wehave: Qyjgas=107,5°0—12,500p +200X50+ 1,200 X20- 100x30 QD gas=138,500- 12,500P Inverting thisfunction,we ... of $3pergallonas 138,500 12,500(3)=101,000.Substituting 3 forPQ,101,000forQQ,and-12,500for , we cancalculate the price elasticity of demandas: ' = — - — lx (-12,500) =-0.37 1101,000J v ' %AQ %APForthis ... bidadiscountof0.1117% Sincetherearebidsfor $8billion inbillsatthediscountof0.1117%,andonly$2 billionunsoldat ayield of0.1104%, eachbidderreceives2/8of the faceamountof billstheybidfor Figure11,thisis

Ngày tải lên: 28/03/2018, 17:02

... 56.Fundamentalsof Credit Analysis page 103 page133 STUDY SESSION 17 Reading Assignments Derivativesand AlternativeInvestments,CFAProgram LevelI2015Curriculum, Volume 6(CFA Institute,2014) 57.DerivativeMarkets ... been1% overthe period, the principal value of the Trang 19bondsisincreased by1%from$1,000to$1,010,and the six-month coupon of 1.5%iscalculatedas1.5% of thenew(adjusted)principal value of$1,010 ... 54.IntroductiontoAsset-BackedSecurities page 9page27 page41page 79 STUDY SESSION 16 Reading Assignments Equity and FixedIncome,CFA Program LevelI2015Curriculum,Volume5(CFA Institute, 2014) 55.Understanding Fixed-Income

Ngày tải lên: 28/03/2018, 17:03

... Trang 1CFA Level 1 - LOS Changes 2014 - 2015Topic LOS Level I - 2014 (532 LOS) LOS Level I - 2015 (529 LOS) Compared Ethics 1.1.a describe the structure of the CFA Institute Professional ... Quantitative 3.11.b distinguish between one-tailed and two-tailed tests of hypotheses 3.11.b distinguish between one-tailed and two-tailed tests of hypotheses Quantitative 3.11.c explain a test ... significance level, and how significance levels are used in hypothesis testing 3.11.c explain a test statistic, Type I and Type II errors, a significance level, and how significance levels are

Ngày tải lên: 06/06/2015, 16:02

... [(1+rt,1)× (1+rt,2)×… (1+rt,n)] -1 • Annualized TWR (when investment is for more than one year) = _ 1 + D O1 + D`… + 1 + D3 Pbc_1 • TWR (for the year) = rTWR = [(1+R1)× (1+R2)×… (1+R365)] -1 ... from 0 to T 12.Price relative = Ending price / Beginning price = St+1/ St=1 + Rt, t+1 where, R t, t+1 = holding period return on the stock from t to t + 1 Trang 10Formula Sheet Volume 1: Quantitative ... Methods 13.Continuously compounded return associated with a holding period from t to t + 1: rt, t+1= ln(1 + holding period return) or rt, t+1 = ln(price relative) = ln (St+1 / St) = ln (1 + Rt,t+1)

Ngày tải lên: 28/03/2018, 16:44

... and Analysis .213 StudySession8 -CorporateFinance 221 StudySession9-CorporateFinance:Financing and ControlIssues 314 Self-Test-CorporateFinance .394 Trang 3SCHWESERNOTES™2015CFALEVEL II BOOK 2: ... valueminusanormalprofitmargin ($203 —$12= $191)isless thanreplacementcost.Sinceoriginalcostexceeds market(replacementcost),the inventoryis writtendownto$197anda$13loss($197 replacementcost - $210originalcost) isreportedintheincome ... readings as set forth by CFA Institute in their 2015 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: 16/08/2018, 14:34

... Processes page138page167page 187 STUDY SESSION 4 Reading AssignmentsPrivateWealth Management(1),CFA Program 2015Curriculum,Volume2,LevelIII 9 Managing IndividualInvestorPortfolios 10.Taxes andPrivateWealth ... ManagementinaGlobalContext page 212page251 Trang 9STUDY SESSION 5Reading Assignments PrivateWealth Management(2), CFAProgram 2015Curriculum,Volume2,Level III 11.EstatePlanninginaGlobal Context 12.Concentrated ... 2. Guidancefor StandardsI-VII page 16page 16 STUDY SESSION 2 Reading AssignmentsEthical andProfessionalStandardsinPractice,CFA Program 2015Curriculum,Volume1,LevelIII 3 The Consultant 4 PearlInvestmentManagement(A),

Ngày tải lên: 16/08/2018, 14:34

... Analysis, CFA Program Curriculum, Volume 3 (CFA Institute, 2010) STUDY SESSION 10 Reading Assignments Financial Reporting and Analysis, CFA Program Curriculum, Volume 3 (CFA Institute, 2010) 40 ... readings as set forth by CFA Institute in their 2010 CFA Level 1 Study Guide The information contained in these Notes covers topics contained in the readings referenced by CFA Institute and is believed ... property of CFA Institute The following is the copyright disclosure for these materials: “Copyright, 2010, CFA Institute Reproduced and republished from 2010 Learning Outcome Statements, Level 1, 2,

Ngày tải lên: 14/12/2013, 10:15

... / 12 The bonds are weighted by 4 / 12 and are not affected by the stock dividend Basic shares = {[100,000 x (12 / 12)] + [30,000 x (8 / 12)]} x 1.10 = 132,000 Diluted shares = 132,000 + [21,000 ... $2,100 Under LIFO, the first 42 units purchased would be in inventory: (40 x $30) + (2 x $40) = $1,280 10 B) Year 1: (2/ 4) x 25,000 = $12,500 Year 2: (2 / 4) x (25,000 — 12,500) = $6,250 11 ... 2,000(6) = 12,000 Weighted average shares = 132,000 / 12 = 11,000 shares net income — pref div $10,000 — $1,000 = $0.82 wt avg shares of common 11,000 Basic EPS = Professor's Note: Remember,

Ngày tải lên: 14/12/2013, 10:15

... for an assumed $10,000 ~~ Class A shares would be: 10,000 (1 — 0.04) (1.09) 2 (1 — 0.01)? = $11,178.79 Class B shares would be: 10,000 (1.09) 2 (1 — 0.015) 2 (1 — 0.03) = $11,181.43 Class C ... be: 10,000 (1 — 0.04)(1.09)> (1 — 0.01)° = $14,046.87 Class B shares would be: 10,000 (1.09)? (1 — 0.015)? = $14,266.38 Class C shares would be: 10,000 (1.09)> (1 — 0.02) > = $13,907.94 ... regression model is the: ¢ Utilities and maintenance $21,000 A $173,500 B $193,500 C $211,000 Trang 2510 11 12 13 Cross-Reference to CFA Institute Assigned Reading #73 — Alternative Investments

Ngày tải lên: 21/01/2014, 04:20

... owed at maturity for a 90-day loan of $1.5 million at LIBOR + 1.3%? A $17,612 B $18,300 C $32,925 A company treasurer needs to borrow 10 million euros for 180 days, 60 days from now The type ... than the contract rate at settlement 10 B (0.06 — 0.05) x (60 / 360) x $2 million x 1 / (1 + 0.06 / 6) = $3,300.33 11 A ($0.98 — $0.97) x 10 million = $100,000 loss The long, Party A, is obligated ... they are only worth $0.97 and must pay $0.01 x 10 million = $100,000 12 B- The actual discount has decreased by: 128 (0.0315 — 0.0307) “sp = 0.0284% of $1,000,000 or $284 A decrease in the discount

Ngày tải lên: 21/01/2014, 04:20

... five years at a price of 110 (110% of par), with the call price declining to 105 after ten years and 100 in the 15th year Trang 15Study Session 15 Cross-Reference to CFA Institute Assigned Reading ... set forth by CFA Institute STUDY SESSION 15 Reading Assignments Equity and Fixed Income, CFA Program Curriculum, Volume 5 (CFA Institute, 2010) 60 Features of Debt Securities 61 Risks Associated ... Yield Spreads STUDY SESSION 16 Reading Assignments page 11 page 24 page 45 page 67 Equity and Fixed Income, CFA Program Curriculum, Volume 5 (CFA Institute, 2010) 64 Introduction to the

Ngày tải lên: 26/01/2014, 06:20

... S,)? = (1 + S,)?(1 + ,f,) must hold Substituting values for S, and S., we have: (1.12) = (1.08)? x (1 + ,f,) Trang 35so that the 1-year forward rate two years from now is: (1.12) (1.08)2 112 => ... Given that both bonds have par values of $1,000, the prices of these two bonds would be: BondA BondB A $1,216.15 $913.54 B $1,216.15 $944.41 C $746.61 $913.54 Use the following data to answer ... Securities 11 B) PMT=0,N=2x17=34, LY ==" = 4.11, FV =100,000 CPT - PV = 25,424.75, of 100,000 041) = $25,424.76 Trang 15Page 98 YIELD MEASURES, SPOT RATES, AND FORWARD RATES Study Session 16

Ngày tải lên: 26/01/2014, 06:20

... −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 This ... $41,000) / $47,000 = 25.53% 30.30% / 25.53% = 1.18 1.18 > 1 so Tskitishvili would conclude that computers are a luxury good This question tested from Session 4, Reading 13, LOS a, (Part 1) ... A) luxury good with income elasticity of 1.01 Trang 13Your answer: A was incorrect The correct answer was B) luxury good with income elasticity of 1.18 % change in computers demanded = ( 0.57-

Ngày tải lên: 06/06/2015, 16:36

... III, CFA, Chair Christopher C Loop, CFA, Terence E Burns, CFA Guy G Rutherfurd, Jr., CFA Samuel B Jones, Jr., CFA Wenliang (Richard) Wang, CFA Ulrike Kaiser- Boeing, CFA Peng Lian Wee, CFA Jinliang ... or integrity of CFA Institute or the CFA designation or the integrity, validity, or security of CFA Institute programs B Reference to CFA Institute, the CFA Designation, and the CFA Program When ... and Standards) The Code contains high- level aspirational ethical principles that drive members and candidates to create a r E A d i n G 1 Copyright © 2014 CFA Institute Trang 4positive and reputable

Ngày tải lên: 24/05/2016, 19:33

... SESSION 14 ReadingAssignments Risk Management, CFA Program 2015Curriculum,Volume5,Level III STUDY SESSION 15 ReadingAssignments RiskManagementApplicationsofDerivatives,CFAProgram2015Curriculum, ... learningoutcome statements setforthby CFA Institute STUDY SESSION 13 ReadingAssignments AlternativeInvestmentsfor PortfolioManagement, CFAProgram2015Curriculum, Volume5,LevelIII 25 AlternativeInvestmentsPortfolio ... 1BOOK 4 - ALTERNATIVE INVESTMENTS,StudySession13- Alternative Investments for PortfolioManagement 8 StudySession15-Risk Management Applications ofDerivatives 89 Trang 2SCHWESERNOTES™2015 CFALEVELIII

Ngày tải lên: 04/02/2018, 21:05

... horizonvalue= 104.56+10.175=$114.735 PV=-105.11;FV= 114.735; N=2;CPT->I/Y =4.478% 3 BEY= 4.478%x 2=8.96% 4 EAR = (1.04478)2 -1=9.16% Trang 18StudySession 10Cross-Reference to CFA InstituteAssigned ... Portfolio Management 110 StudySession 12 -Equity PortfolioManagement 113 Self-Test- Equity PortfolioManagement 166 Trang 2SCHWESERNOTES™ 2015CFALEVEL III BOOK3:FIXED-INCOMEMANAGEMENT ©2014 Kaplan,Inc.All ... Reading#21-Fixed-Income Portfolio Management—Part I Calculation assumingan11%horizon yield: 1 Horizonvalue=horizon price+reinvested coupons= 95.69+10.175= 105.865 2 Semiannualreturn=PV=-105.11;FV=105.865;N=2;CPT

Ngày tải lên: 04/02/2018, 21:05

... 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

... ~signmenu uonom;t:f. CFA Program Level I 2014 Curriculum Volume 2 (CFA Institute, 2013) Reading Assignments UDnDm;t:f.CFA Program Level I 2014 Curriculum Volume 2 (CFA Instirute, 2013) , Reading ~signmenu ... Trang 11Study Seuion " Cn>ss-~r.ftnce to CFA I utulf Assigned I«ading 113 - Demandand Supply Analysis: Inunduct.ionLOS 13_b: Explain the principles of demand and supply, CFA®Protmm Curriculum, ... go the bidders who bid a discount of0.1117% Since there arc bids for S8billion in bills at the discount of0.1117%, and only $2billion unsold at a yield of0.1104% each bidder receives2/8 of the

Ngày tải lên: 28/03/2018, 16:50

... ElementSbonds is increased by 1% from SI,OOO to $1,010, and the six-month coupon of 1.5% is calculated as 1.5% of the new (adjwted) principal value ofSI,010 (i.e., 1.010 x 1.5% .SI5.15) With this structure ... Credit Analysis page 79page 108 STUDY SESSION 17 Reading Assignments D<,ivaliws andAlt<matiw lnvntmtnts. CFA Program Level 12014 Curriculum Volume 6 (CFA Institute, 2013) 57 Derivative Markets ... Fixed-Income Valuation page 9page 27page 41 STUDY SESSION 16 Reading Assignments Eqlliry and Fixed lncom<, CFA Program Level 12014 Curriculum, Volume 5 (CFAInstitute, 2013) 55 Understanding Fixed-Income

Ngày tải lên: 28/03/2018, 16:50

... FigureC:Calculated Midquotes TimeofTrade Midquote ($12.16 + $12.10) /2= $12.13 ($12.07+$12.00) / 2=$12,035 ($11.88 + $11.80)12=$11.84 10 a.m. 1 p.m. 2 p.m. The effectivespreadfor each sell orderisshown ... and ask pricesis$11.53[=(11.50+ 11.56)/2].The effectivespread for this buy orderis: 2x ($11.55-$11.53)=$0.04,whichistwo cents better than the quoted spread of $0.06(=$11.56-$11.50).Aneffective ... PerformanceEvaluation, CFAProgram 2015Curriculum, Volume6, Level III 32.Evaluating Portfolio Performance page 62 STUDY SESSION 18 ReadingAssignments GlobalInvestmentPerformanceStandards,CFA Program 2015Curriculum,

Ngày tải lên: 28/03/2018, 16:59