cfa level 1 june 2013 schweser notes free download

... [(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

... 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

... 0o gas = 107,500 - 12,500Pgas + 2001 + 1 ,200P8T - IOOPauto Inserting the values given, we have: Qo gas = 107,500 - 12,500Pgas + 200 X 50 + 1 ,200 X 20 - 100 X 30 Qo gas = 138,500 - 12,500P ... bidders who bid a discount of 0.11 17% Since there are bids for $8 billion in bills at the discount of 0 1 1 17%, and only $2 billion unsold at a yield of 0 1 1 04%, each bidder receives 2/8 ... gallon as 138,500 -12,500(3) = 1 0 1 ,000 Substituting 3 for P0, 1 0 1 ,000 for �' and -12,500 for ( �;), we can calculate the price elasticity of demand as: Eoemand = = X ( - 12,500 ) =

Ngày tải lên: 06/10/2015, 12:00

... 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 ... 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 ... statements (page 116) h explain and calculate free cash flow to the firm, free cash flow to equity, and other cash flow ratios (page 118) The topical coverage corresponds with the following CFA Institute

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 ... 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 ... Hy 11 Study Session 16 — Fixed Income: Analysis and Valuation .« -<<« 84 Self-Test — Fixed Íncome Ïnvestmennts Ăn HH ng 154 Study Session 17 — DerivatIV€$ - TH ng 159 Study Session 18

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

... 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

... −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

... ~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 1Levell I Book 2SchweserNotes'" for the CFA· Exam rz-: I{ A P LAN SCHOOL OF PROFESSIONAL Trang 3BOOK 2 - ECONOMICSFormulas • • • • 254 Trang 4SCHWESERNOTESTM 2014 CFA LEVEL I BOOK ... Volume 2 (CFA Instirute, 2013) , Reading ~signmenu uonom;t:f. CFA Program Level I 2014 Curriculum Volume 2 (CFA Institute, 2013) 02013 Kaplan Inc Trang 6Book 2 - EalnomiaIUading Auignmenu and UamiAg

Ngày tải lên: 28/03/2018, 16:50

... thefint <111/""ft, and the <111/ p,i<~ is 102 (102% of par value) between that date and June 2020 The amount by which the aUprice is abovepar is referred toas the <110prrmium. ... 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 ... and Alttrnativ~ Investments; CFA Program Level I 2014 Curriculum Volume 6 (CFA Instirute, 2013) 02013 Kaplan, Inc Trang 6Book 5 - FIXtd incom e, [krivalivc:s, and A1 rnative InV<SlmonuIUadinsAuignmonu

Ngày tải lên: 28/03/2018, 16:50

... 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

... 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 ... issuedatpar onJune1, 2012,for which the indenture includes thefollowing call schedule- • The bondscanbe redeemed by theissuerat102%ofparafterJune1,2017 • The bondscanbe redeemed by theissuerat101%ofparafterJune1,2020 ... premiumatthe first call dateinthis example is2%, or$20per$1,000bond The callpricedeclinesto101(101%of par) after Trang 20June1,2020 After,June1,2022,the bondiscallableatpar,and that dateisreferredtoasthefirstparcall

Ngày tải lên: 28/03/2018, 17:03

... Trang 1n '•I I1m 2 Schweser’s Secret Sauce Trang 2LEVEL I SCHWESER’S SECRET SAUCE®Fixed Income: SS 15 & 16 Trang 3©2013 Kaplan, Inc. All rights reserved.Published in 2013 by Kaplan Schweser. ... PRACTICE HANDBOOK Cross-Reference to CFA Institute Assigned Readings #1 & 2 m recommend you read the original Standards of Practice Handbook ( , 2010). (1) You are a CFA® candidate. As such, you ... of this law is greatly appreciated. Required CFA Institute disclaimer: “CFA® and Chartered Financial Analyst® are trademarks I owned by CFA Institute CFA Institute (formerly the Association for

Ngày tải lên: 16/08/2018, 14:33

... Finance: SS 10 & 11 147 Portfolio Management: SS 12 168 Securities Markets and Equity Investments: SS 13 & 14 189 Fixed Income: SS 15 & 16 220 Derivatives: SS 17 251 Alternative ... their probabilities 0.18 x 1.80 + 0.42 x 1.70 + 0.24 x 1.30 + 0.16 x 1.00 = $1.31 The (conditional) expectation of EPS, given that the economy is good, is $1.73 = 0.3(1.80) + 0.7(1.70) Expected EPS, ... not? 1 1 Bidhan L Parmar, PhD, Dorothy C Kelly, CFA, and David B Stevens, CFA, “Ethics and Trust in the Investment Profession,” CFA Program 2017 Level I Curriculum, Volume 1 (CFA Institute, 2016)

Ngày tải lên: 05/09/2018, 16:40

... correlated, p12 = +1> then the square root of portfolio variance (the portfolio standard deviation o f returns) is equal to: ^portfolio portfolio V O wf ( j f + W2CJ2 + 2wj W2d1CT2 (1) = W^CT1 + W2CT2 ... as illustrated in Figure 11 Figure 11: Treynor Measure and Jensens Alpha Ba s i c s o f Po r t f o l io Pl a n n i n g a n d Co n s t r u c t i o n Cross-Reference to CFA Institute Assigned Reading ... period, sum them, and divide by the number of (paired) observations minus one 1 1 2009 Ibbotson SBBI Classic Yearbook Trang 21Covariance can be standardized by dividing by the product of the standard

Ngày tải lên: 05/09/2018, 16:41

... 𝐹𝑉[K\]K^O = 1 + 𝑟` 1 − 𝑡M` c 1 − 𝑇`+ 𝑇`𝑇K 1 + 𝑟K 1 − 𝑡MK c 1 − 𝑇K 11   Size of the partial gift credit = Size of the gift × TgTe 12   Relative value of generation skipping = 1 / (1 – T1) 13   Charitable ... = (1+ rg)n+ Toi[ 1+ re(1− tie) ]n(1− Te) 1+ re(1− tie) [ ]n( 1− Te) 14   Credit method = TC = Max [TR, TS] 15   Exemption method = TE = TS 16   Deduction method = TD = TR + TS– TRTS Reading 12: ... RDC =(1 + RFC)(1 + RFX)–1 9   RDC (for multiple foreign assets) = ωi( 1+ RFC,i) i=1 n ∑ ( 1+ RFX,i) −1 10   Total risk of DC returns = = 𝜎š 𝑅„ƒ ≈ 𝜎š 𝑅Iƒ + 𝜎š 𝑅IÏ + 2𝜎 𝑅Iƒ 𝜎 𝑅IÏ 𝜌 𝑅Iƒ, 𝑅IÏ 11  

Ngày tải lên: 10/09/2018, 08:26