cfa level 1 secret sauce 2012 pdf download

... 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 ... 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 ... readings referenced by CFA Institute and is believed I Schweser study tools. Trang 4This book will be a valuable addition to the study tools of any CFA exam of the Level I CFA curriculum Here is

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 ... government Figure 1 provides a summary of the risk tolerance, investment horizon, liquidity needs, and income objectives for these different types of investors Trang 16Figure 1: Characteristics

Ngày tải lên: 05/09/2018, 16:41

... Management (1, 2): SS 8 & 9 87 Fixed-Income Portfolio Management (1, 2): SS 10 & 1 1 104 Equity Portfolio Management: SS 12 129 Alternative Investments for Portfolio Management: SS 1 3 139 ... Performance Standards: SS 18 193 Essential Exam Strategies 202 Index 225 Trang 4SCHWESER’S SECRET SAUCE®: 2017 LEVEL III CFA® ©2017 Kaplan, Inc All rights reserved Published in 2017 by Kaplan Schweser ... 139 Risk Management: SS14 152 Risk Management Applications of Derivatives: SS 1 5 159 Trading, Monitoring, and Rebalancing: SS 1 6 173 Performance Evaluation: SS 17 186 Global Investment Performance

Ngày tải lên: 05/09/2018, 17:09

... Management (1, 2): SS 8 & 9 87 Fixed-Income Portfolio Management (1, 2): SS 10 & 1 1 104 Equity Portfolio Management: SS 12 129 Alternative Investments for Portfolio Management: SS 1 3 139 ... 139 Risk Management: SS14 152 Risk Management Applications of Derivatives: SS 1 5 159 Trading, Monitoring, and Rebalancing: SS 1 6 173 Performance Evaluation: SS 17 186 Global Investment Performance ... professional activities 1 Copyright 2014, CFA Institute Reproduced and republished from “The Code of Ethics,” from Standards o f Practice Handbook, 11th Ed., 2014, with permission from CFA Institute All

Ngày tải lên: 15/06/2019, 11:19

... Fixed lncome Derivatives: SS 10 126 EquiLy Portfolio Management: SS 11 & 12 139 Alternative Investments for Portfolio Management: SS 13 156 Risk Management: SS 14 169 Risk Management i\pplic ... of Derivatives: SS 15 182 Trading, Monitoring, and Rebalancing: SS 16 20 I Performance Evaluation and Amibution: SS 17 212 Global Investment Performance Standards: SS 18 219 Essential Exam ... Strategies 238 Index 263 Trang 2Published in 2013 by Kaplan Schweser Primed in the United Stares of /1J11erica ISBN: 978-1-4277-4937-6 I 1-4277-4937-X PP1\: 3200-4038 If chis book d ocs nor have rhe

Ngày tải lên: 04/02/2018, 21:05

... 7293 118137157177 192202 Trang 2SCHWESER’S SECRETSAUCE®:2014CFALEVELII©2013 Kaplan, Inc Allrightsreserved Publishedin2013byKaplan Schweser Printed inthe UnitedStatesof America ISBN:978-1-4277-4936-9/1-4277-4936-1 ... USD/EUR 1.271-1.272 EUR/GBP1.249-1.250 USD/GBP 1.600-1.601 Isanarbitrage profitpossible? Ifso, computethearbitrageprofitin USDifyou startwithUSD1million Answer: Theimpliedcross rates: -1,271x1.249=1.587x ... USD): * Path1 USD-*ÿGBP->EUR USD Path2:USD EUR—» GBP -»USD Step 1: Convert 1 million USD into EUR G 1.27.2 -EUR 786,164 Sir/,.2: Convert MR 786, 164 imo C BP C 1.250 - (,BI> 628,931 -Step3

Ngày tải lên: 28/03/2018, 16:49

... 13 108 Derivatives: SS 14 126 Alternative Investments: SS 15 143 Portfolio Management: SS 16 & 17 161 Essential Exam Strategies 177 Index 185 Trang 4Published in 2018 by Kaplan Schweser.Printed ... cross rates Step 1: Convert 1 million USD into EUR @ 1.272 = EUR 786,164 Step 2 : Convert EUR 786,164 into GBP @ 1.250 = GBP 628,931 Step 3: Convert GBP 628,931 into USD @ 1.600 = USD 1,006,289 Arbitrage ... is 1.0612 + 8.6/10,000 = 1.06206 The interest rate to use for discounting the value is also the 60-day AUD interest rate of 1.16%: Vt (FPt -FP)(contract size) ( (1.06206-1.05358)(1,000,000) 1

Ngày tải lên: 14/06/2019, 17:04

... plus weighted ECFs For example if BV is 100 and 10 is contributed day 3 of a 31 day month, account value for weighting can be 100 or 100 +(10 x (31 - 5)/31) • “All actual fee-paying discretionary ... portfolio is (800 x $20.06) + $18 = $16,066 • The terminal value of the real portfolio is 800 x $20.09 = $16,072 • The gain on the real portfolio is $16,072 - $16,066 = $6 The total implementation ... good managers who are adding value.) Trang 39S t a n d a r d sStudy Session 18 SchweserNotes™ Reference Book 3, Pages 115—190 One item set for 5% of the exam is the most likely scenario for this

Ngày tải lên: 15/06/2019, 11:19

... 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

... 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 ... 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 ... change is =8.5 x 0.39% = —3.315% Since the yield increased, the price will decrease by this percentage The new price is (1 — 0.03315) x $1,034.50 = $1,000.21 LOS 61.g: Describe yield-curve risk

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

... Level III, Volume 2, Study Session 4, Reading 11 “Taxes and Private Wealth Management in a Global Context,” Stephen M Horan, CFA, and Thomas R Robinson, CFA (CFA Institute, 2008) LOS: 2012-III-2-11-c, ... Trang 15Topic: Behavioral Minutes: 17 Reading References: Level III, Volume 2, Study Session 3, Reading 8 “The Behavioral Biases of Individuals,” Michael M Pompian, CFA (CFA Institute, 2011) ... Session 7, Reading 19 “Equity Market Valuation,” Peter C Stimes, CFA, and Stephen E Wilcox, CFA (CFA Institute, 2010) LOS: 2012-III-3-18-b, c, n–q “Capital Market Expectations” The candidate should

Ngày tải lên: 28/03/2018, 16:38

... 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

... [(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

... ~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 ... 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 ... function above becomes Qo • 10.75 - 1.25(Pp)+0.02(45) +0.12(30) - 0.01(25) = 15.00-1.25Pp" anrat a price ofS4 per gallon the quantity of gas demanded per week is10 gallons The quantity of

Ngày tải lên: 28/03/2018, 16:50