CFA LEVEL 1 EBOOK - 4

,Contents
1. Learning Outcome Statements (LOS)
2. Reading 31: Introduction to Corporate Governance and Other ESG Considerations
1. Exam Focus
2. Module 31.1: Stakeholder Management
3. Module 31.2: Factors Affecting Corporate Governance
4. Key Concepts
5. Answer Key for Module Quizzes
3. Reading 32: Capital Budgeting
1. Exam Focus
2. Module 32.1: Capital Projects, NPV, and IRR
3. Module 32.2: Payback Period, Project Rankings
4. Key Concepts
5. Answer Key for Module Quizzes
4. Reading 33: Cost of Capital
1. Exam Focus
2. Module 33.1: Weighted Average Cost of Capital
3. Module 33.2: Project Cost of Capital
4. Key Concepts
5. Answer Key for Module Quizzes
5. Reading 34: Measures of Leverage
1. Exam Focus
2. Module 34.1: Measures of Leverage
3. Key Concepts
4. Answer Key for Module Quiz
6. Reading 35: Working Capital Management
1. Exam Focus
2. Module 35.1: Working Capital Management
3. Key Concepts
4. Answer Key for Module Quiz
7. Topic Assessment: Corporate Finance
8. Topic Assessment Answers: Corporate Finance
9. Reading 36: Market Organization and Structure
1. Exam Focus
2. Module 36.1: Markets, Assets, and Intermediaries
3. Module 36.2: Positions and Leverage
4. Module 36.3: Order Execution and Validity
5. Key Concepts
6. Answer Key for Module Quizzes
10. Reading 37: Security Market Indexes
1. Exam Focus
2. Module 37.1: Index Weighting Methods
3. Module 37.2: Uses and Types of Indexes
4. Key Concepts
5. Answer Key for Module Quizzes
11. Reading 38: Market Efficiency
1. Exam Focus
2. Module 38.1: Market Efficiency

, 3. Key Concepts
4. Answer Key for Module Quiz
12. Reading 39: Overview of Equity Securities
1. Exam Focus
2. Module 39.1: Types of Equity Investments
3. Module 39.2: Foreign Equities and Equity Risk
4. Key Concepts
5. Answer Key for Module Quizzes
13. Reading 40: Introduction to Industry and Company Analysis
1. Exam Focus
2. Module 40.1: Industry Analysis
3. Module 40.2: Pricing Power and Company Analysis
4. Key Concepts
5. Answer Key for Module Quizzes
14. Reading 41: Equity Valuation: Concepts and Basic Tools
1. Exam Focus
2. Module 41.1: Dividends, Splits, and Repurchases
3. Module 41.2: Dividend Discount Models
4. Module 41.3: Relative Valuation Measures
5. Key Concepts
6. Answer Key for Module Quizzes
15. Topic Assessment: Equity Investments
16. Topic Assessment Answers: Equity Investments
17. Reading 42: Fixed-Income Securities: Defining Elements
1. Exam Focus
2. Module 42.1: Bond Indentures, Regulation, and Taxation
3. Module 42.2: Bond Cash Flows and Contingencies
4. Key Concepts
5. Answer Key for Module Quizzes
18. Reading 43: Fixed-Income Markets: Issuance, Trading, and Funding
1. Exam Focus
2. Module 43.1: Types of Bonds and Issuers
3. Module 43.2: Corporate Debt and Funding Alternatives
4. Key Concepts
5. Answer Key for Module Quizzes
19. Reading 44: Introduction to Fixed-Income Valuation
1. Exam Focus
2. Module 44.1: Bond Valuation and Yield to Maturity
3. Module 44.2: Spot Rates and Accrued Interest
4. Module 44.3: Yield Measures
5. Module 44.4: Yield Curves
6. Module 44.5: Yield Spreads
7. Key Concepts
8. Answer Key for Module Quizzes
20. Reading 45: Introduction to Asset-Backed Securities
1. Exam Focus
2. Module 45.1: Structure of Mortgage-Backed Securities
3. Module 45.2: Prepayment Risk and Non-Mortgage-Backed ABS
4. Key Concepts
5. Answer Key for Module Quizzes
21. Reading 46: Understanding Fixed-Income Risk and Return

, 1. Exam Focus
2. Module 46.1: Sources of Returns, Duration
3. Module 46.2: Interest Rate Risk and Money Duration
4. Module 46.3: Convexity and Yield Volatility
5. Key Concepts
6. Answer Key for Module Quizzes
22. Reading 47: Fundamentals of Credit Analysis
1. Exam Focus
2. Module 47.1: Credit Risk and Bond Ratings
3. Module 47.2: Evaluating Credit Quality
4. Key Concepts
5. Answer Key for Module Quizzes
23. Topic Assessment: Fixed Income
24. Topic Assessment Answers: Fixed Income
25. Appendix
26. Formulas
27. Copyright