cfa level 1 mock exams 2009 free download

... supervisors 18 Correct answer is B Standards of Practice Handbook, 9th edition (CFA Institute, 2005), pp 83-85, 113-115 Standards I-VII 2008 Modular Level I, Vol 1, pp 69-71, 89-91 Study Session 1-2-a ... + 11.2 + 12.9 + 15.1 - 9.4) / 5 = 7.68% Mean absolute deviation = (|8.6 - 7.68| + |11.2 - 7.68| + |12.9 - 7.68| + |15.1 - 7.68| + |-9.4 - 7.68|) / 5 = 6.83% Variance = [(8.6 - 7.68)2 + (11.2 ... (100 + 150) / 2 = 125, the % change in quantity = 50 / 125 = 40; The average price = (150 + 200) / 2 = 175, the % change in price = 50 / 175 = 28.6 Elasticity of supply = 40 / 28.6 = 1.40 41、

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(1.051) / (0.126 - 0.051) = $16.82 91 “Option Markets and Contracts”, Don M Chance 2008 Modular Level I, Vol 6, pp 90-93 Study Session 17-73-d ... (1.02 x mil) + (0.94356 x mil) + (0.88688 x mil) = 14,518,440 Weight, Bond A = 7,140,000 / 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

... 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 $100,000 B $116,000 C $121,000 D $137,000 110 Correct answer is D “Alternative Investments,” Bruno Solnik and Dennis McLeavey 2008 Modular Level I, Vol 6, pp 193-194 Study Session 18-76-f ... as a CFA Candidate 16 Correct answer is D Standards of Practice Handbook, 9th edition (CFA Institute, 2005), p 131 Standards I-VII 2008 Modular Level I, Vol 1, pp 101-102 Study Session 1-2-a

Ngày tải lên: 18/06/2019, 15:19

... of Practice Handbook, 9th edition (CFA Institute, 2005), pp 15-16, 83, 91, 113 Standards I-VII 2008 Modular Level I, Vol 1, pp 21-22, 69, 75, 89 Study Session 1-2-a demonstrate a thorough knowledge ... for his new employer 13 Standards of Practice Handbook, 9th edition (CFA Institute, 2005), pp 113-115 Standards I-VII 2008 Modular Level I, Vol 1, pp 89-91 Study Session 1-2-a demonstrate a thorough ... referral fee arrangement 16 Standards of Practice Handbook, 9th edition (CFA Institute, 2005), p 131 Standards I-VII 2008 Modular Level I, Vol 1, pp 101-102 Study Session 1-2-a demonstrate a thorough

Ngày tải lên: 18/06/2019, 15:19

... 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

... Monitoring and Rebalancing Portfolio Management – Performance Evaluation Total: 26 24 11 19 10 17 15 16 15 18 180 Page Level III Questions and relate to Patricia and Alexander Tracy A total of 35 minutes ... Level III Page The Morning Session of the 2009 Level III CFA® Examination has 11 questions For grading purposes, the maximum point value ... Justify each response with one reason Answer Question in the Template provided on page 11 (9 minutes) Level III Page 11 Answer Question on This Page Template for Question Determine whether each of the

Ngày tải lên: 07/09/2018, 11:18

... info@finquiz.com FinQuiz.com © 2017- All rights reserved CFA Level III Mock Exam – Questions (AM) FinQuiz.com – 1st Mock Exam 2017 (AM Session) The morning session of the 2017 Level III CFA Examination has ... CFA Level III Mock Exam – Questions (AM) FinQuiz.com CFA Level III Mock Exam June, 2017 Copyright © 2010-2017 FinQuiz.com All rights reserved Copying, ... tolerance Answer Question 1-D in the Template provided on page (10 minutes) FinQuiz.com © 2017- All rights reserved CFA Level III Mock Exam – Questions (AM) Template for Question 1-D Choose whether

Ngày tải lên: 10/09/2018, 08:25

... Trang 12011 Level I Mock Exam: Afternoon Session The afternoon session of the 2011 Level I Chartered Financial Analyst (CFA®) Mock Examination has 120 questions To best simulate ... "Guidance for Standards I-VII,” CFA Institute 2011 Modular Level I, Vol 1, pp 131-134 7 Tammi Holmberg is enrolled to take the Level I CFA examination While taking the CFA examination, the candidate ... Ethics and Standards of Professional Conduct,” CFA Institute 2011 Modular Level I, Vol 1, pp 107-111 Trang 811 Praful Chandarana, CFA, is starting a new business to offer investment-consulting

Ngày tải lên: 18/06/2019, 15:21

... 1, 2010 Its contract requires that its coupon rate change over time as shown in the following table: Coupon Payment Date Range 01/01/2010-12/31/2011 01/01/2012-12/31/2013 01/01/2014-12/31/2015 ... population variance is not known Degrees of freedom 10 11 p = 0.10 1.383 1.372 1.363 p = 0.05 p = 0.025 1.833 2.262 1.812 2.228 1.796 2.201 p = 0.01 2.821 2.764 2.718 The 95% confidence interval is closest ... Futures Price $120 118 117 119 123 125 On day 0, a trader enters into a short position for 15 contracts The ending balance for the margin account on day is closest to: A $15 B $60 C $210 96 A dealer

Ngày tải lên: 18/06/2019, 15:21

... 1, 2010 Its contract requires that its coupon rate change over time as shown in the following table: Coupon Payment Date Range 01/01/2010-12/31/2011 01/01/2012-12/31/2013 01/01/2014-12/31/2015 ... Loss Balance 0 90 120 90 90 118 -2 30 120 120 117 -1 15 135 135 119 -30 105 105 123 -60 45 45 45 125 -30 60 On day 0, the trader must deposit an initial margin of $90 (= $6 × 15) Subsequent gains ... Interest Repayment Balance 220,000.00 1,856.49 1,100.00 756.49 219,243.51 219,243.51 1,856.49 1,096.22 760.27 218,483.24 218,483.24 1,856.49 1,092.42 764.07 217,719.17 108 The primary motivation for

Ngày tải lên: 18/06/2019, 15:21

... 2006–2011 and 2) sustainable growth rate for the year 2011 Year 2011 2010 2009 2008 2007 2006 EPS $3.20 $3.60 $2.44 $2.08 $2.76 $2.25 DPS $1.92 $1.85 $1.74 $1.62 $1.35 $1.25 ROE 12% 17% 13% 15% 11% ... January 2011 June 2011 August 2011 31 December 2011 200,000 shares outstanding 50,000 shares issued for stock split 500,000 shares outstanding To calculate earnings per share for 2011, the company’s ... 18 45–68 Financial Statement Analysis 36 69–78 Corporate Finance 15 79–90 Equity Investments 18 91–96 Derivative Investments 97–108 Fixed Income Investments 109–114 Alternative Investments 115–120

Ngày tải lên: 18/06/2019, 15:21

... Cost of equity $2,100,000 3% $1,600,000 300,000 5% 80% 12% 15% Based on the income approach, the value of the investment is closest to: A $1,141,667 B $3,641,667 C $6,242,857 111 Which of the following ... distribution to establish confidence intervals 32 Consider the following 20 items –41 –6 12 –18 –5 20 –17 21 –9 21 –8 11 61 The median value of the items is: A B C Questions 33 through 44 relate to Economics ... millions 9.8 7.2 1.5 1.1 0.6 0.5 0.2 0.3 A 1.1 B 1.7 C 2.4 By accessing this mock exam, you agree to the following terms of use: This mock exam is provided to currently registered CFA candidates

Ngày tải lên: 18/06/2019, 15:21

... Trang 12012 Level I Mock Exam: Morning Session The morning session of the 2012 Level I Chartered Financial Analyst (CFA®) Mock Examination has 120 questions To best simulate ... Employers C Reference to the CFA Program Answer = C “Guidance for Standards I–VII,” CFA Institute 2012 Modular Level I, Vol 1, pp 46–47, 90–91, 144–146 Study Session 1-2-a, b Demonstrate and explain ... most likely violated the CFA Institute Standard of Professional Conduct CFA Institute Standards 2012 Modular Level I, Vol 1, pp 27–29, 78–81, 123–125 Study Session 1-2-b Distinguish between

Ngày tải lên: 18/06/2019, 15:21

... 012 )× (1 + 018 ) (1 + 012 ) ( ( + 012 )( )× (1 + 023 ) 2.5 × + 018 )× (1 + 023 )× (1 + 027 ) 102.5 × + 023 (1 + 012 )× (1 + 018 ) ( )2 × (1 + 027 )× (1 + 03 ) = 106.83 107 If three bonds are ... 1.5(0.075 – 0.027)] = 021 or 2.10% 119 Information about three stocks is provided below: Stock Expected Return Beta Booraem Inc 12.85% 1.5 Heisen Inc 11.27% 1.1 Gutmann Inc 9.51% 0.8 If the expected ... outside his mandate Answer = A “Guidance for Standards I-VII,” CFA Institute 2012 Modular Level I, Vol 1, pp 78–81, 116–117 Study Session 1-2-a Demonstrate and explain the application of the Code

Ngày tải lên: 18/06/2019, 15:21

... (read down) 38.51 39.00 39.17 17.44 16.04 15.44 12.22 10.65 9.98 10.01 8.43 7.76 225 230 19.2 9.12 6.39 5.19 19.3 9.01 6.26 5.05 900 922 39.25 15.10 9.60 7.39 39.30 14.88 9.36 7.15 Which of the ... (read across) df2 161 200 216 (read down) 18.5 19.0 19.2 10.1 9.55 9.28 7.71 6.94 9.59 6.61 5.79 5.41 Panel B: Critical values for right-hand tail areas equal to 0.025 df1 (read across) df2 648 ... 33–44 Economics 18 45–68 Financial Statement Analysis 36 69–78 Corporate Finance 15 79–90 Equity Investments 18 91–96 Derivative Investments 97–108 Fixed Income Investments 18 109–114 Alternative

Ngày tải lên: 18/06/2019, 15:21

... Volatility (%) (%) Fund 9.81 Fund 13.99 Fund 10.12 Fund 14.47 Fund 10.84 Fund 10 14.85 Fund 11.33 Fund 11 15.00 Fund 12.25 Fund 12 17.36 Fund 13.39 Fund 13 17.98 Fund 13.42 The value of the first ... pension plan 116 An asset management firm generated the following annual returns in their U.S large cap equity portfolio: Year Net Return (%) 2008 -34.8 2009 32.2 2010 11.1 2011 -1.4 The 2012 return ... quintile is closest to: A 10.70% B 10.84% C 11.09% 31 The most recent returns of a fund are as follow: Year Return (%) 2007 –20.60 2008 15.00 2009 0.50 2010 9.80 2011 4.60 The mean absolute deviation

Ngày tải lên: 18/06/2019, 15:21

... – 1 Iteratively substitute the possible frequency of compounding until the EAR is 10.47% For weekly compounding, (1 + 0.10/52)52 – 1 = 0.10506 = 10.51% For monthly compounding, (1 + 0.10/12)12 ... 0.10506 = 10.51% For monthly compounding, (1 + 0.10/12)12 – 1 = 0.10471 = 10.47% For quarterly compounding, (1 + 0.10/4)4 – 1 = 0.10381 = 10.38% Thus, the correct answer is monthly compounding 20 ... Estimation,” Richard A DeFusco, CFA, Dennis W McLeavey, CFA, Jerald E Pinto, CFA, and David E Runkle, CFA 2013 Modular Level I, Vol 1, Reading 10, Section 3.1 Trang 18 Sample size = 50 securities

Ngày tải lên: 18/06/2019, 15:21

... 10.0% 14.3 × (1 – 0.30) = 10.0% g = ROE × (1 – Dividend payout ratio) 0.35/(0.13 – 0.10) = 11.7x 0.30/(0.124 – 0.10) = 12.5x P/E = Dividend payout ratio r–g Financial leverage (ROE/ROA) 15.4/10.9 ... shares; Therefore, D1 = ($180 million × 0.15 × 0.60)/8.1 million = $2.00 D2 = $2.00(1 + 0.25) = $2.50 D3 = $2.00(1 + 0.25) = $3.13 Page 44 7476229133318632 March Mock Exam - PM March Mock Exam - PM ... Mock Exam - PM 399388 Effective duration = (103.28 – 100.81)/(2 × 0.0025 × 101.45) = 4.87 108 The market value of an 18-year zero-coupon bond with a maturity value of $1,000 discounted at a 12%

Ngày tải lên: 18/06/2019, 15:21

... 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 ... 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) C 24) A 25) ... 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

... 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