Level 1 Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Level 1? On this page you'll find 89 study documents about Level 1.
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CFA Level 1 Formulas question with complete solution graded A+ Already passed
- Exam (elaborations) • 19 pages • 2023
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CFA Level 1 Formulas question with complete solution graded A+ Already passedPrice change based on convexity - correct answer -duration(change in yield)+1/2(convexity)(change in yield)^2 
 
Effective Duration - correct answer Required if a bond has embedded options: [(v-)-(v+)]/[2V0(change in curve)] 
 
Modified Duration - correct answer [(v-)-(v+)]/[2V0(change in yield)] 
 
Future Value - correct answer PV(1+(I/Y)^N) 
 
PV - correct answer FV/(1+r)^n 
 
PV of perpetuity - correct answer PMT / d...
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CFA Level 1 Formulas question & answers rated A+ already passed
- Exam (elaborations) • 19 pages • 2023
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CFA Level 1 Formulas question & answers rated A+ already passedPrice change based on convexity - correct answer -duration(change in yield)+1/2(convexity)(change in yield)^2 
 
Effective Duration - correct answer Required if a bond has embedded options: [(v-)-(v+)]/[2V0(change in curve)] 
 
Modified Duration - correct answer [(v-)-(v+)]/[2V0(change in yield)] 
 
Future Value - correct answer PV(1+(I/Y)^N) 
 
PV - correct answer FV/(1+r)^n 
 
PV of perpetuity - correct answer PMT / discount rate 
...
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CFA Level 1 - Error Sets question with complete solution graded A+ 2023
- Exam (elaborations) • 73 pages • 2023
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CFA Level 1 - Error Sets question with complete solution graded A+ 20233.Two years from now, a client will receive the first of three annual payments of $20,000 from a small business project. If she can earn 9 percent annually on her investments and plans to retire in six years, how much will the three business project payments be worth at the time of her retirement? - correct answer 
 
7.Suppose you plan to send your daughter to college in three years. You expect her to earn two-thirds of her ...
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CFA Level 1 – Economics Exam Questions and Answers (Definite Pass)
- Exam (elaborations) • 19 pages • 2024
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CFA Level 1 – Economics Exam Questions and Answers (Definite Pass) 
 
When demand is less elastic than supply- consumers bear higher or lower burden - Answer-HIGHER 
 
When supply is less elastic than demand- consumers bear higher or lower burden - Answer-LOWER, suppliers will bear a higher burden 
 
Inelastic means more or less DWL - Answer-Less 
 
Three Constraints to Profit Maximization - Answer-TMI 1) Technological, 2) Informational, 3) Market Constraints 
 
Technological Efficiency - Answ...
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CFA level 1 Exam Questions with Correct Answers
- Exam (elaborations) • 8 pages • 2024
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CFA level 1 Exam Questions with Correct Answers 
 
Payables turnover = COGS/avg payables = 1969/(361+346)/2 = 5.57 
Days in payables = 365/payables turnover = 65.6 
CCC = DOH +DSO - Days in Pay = 49.4+39.4-65.6=23.2 - Answer-find the cash conversion cycle 
 
sales 
COGS 
Interest 123 110 
 
Cash 108 105 
receivables 318 286 
inventories 248 285 
 
Payables 361 346 
notes payable 50 99 
 
the deferred tax liability equals the difference between the value for accounting and tax purposes times t...
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CFA Level 1 Questions | Questions with 100% Correct Answers | Updated & Verified
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CFA Level 1 Questions | Questions with 100% Correct Answers | Updated & Verified
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CFA Level 1 - Quantitative Methods Exam Questions with Complete Solutions
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CFA Level 1 - Quantitative Methods Exam Questions with Complete Solutions 
 
 
Working Capital Management - Answer-The management of the company's short-term assets (such as inventory) and short term liabilities (such as money owed to suppliers). 
 
NPV Decision Rule - Answer-If the investments NPV is positive - Accept Project 
If the investments NPV is negative - Decline Project 
If the investor has 2 (Mutually Exclusive) projects - Accept the Higher NPV 
 
IRR Decision Rule - Answer-IRR is gr...
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cfa level 1 complete study Guide
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Private value auctions - Answer- Value is subjective and different to each bidder 
 
Private value auctions - Answer- Value is subjective and different to each bidder 
 
Ascending price (English) auction - Answer- Bidders can bid amounts greater than the previous bid, and the bidder that first offers the highest bid wins the item and pays the amount 
 
Ascending price (English) auction - Answer- Bidders can bid amounts greater than the previous bid, and the bidder that first offers the highest b...
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CFA Level 1 Exam Questions with Complete Solutions
- Exam (elaborations) • 13 pages • 2024
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CFA Level 1 Exam Questions with Complete Solutions 
 
A standard normal probability distribution has a mean of zero, so subtracting the mean from a normal random variable before dividing by its standard deviation is necessary to produce a standard normal probability distribution. 
 
An analyst wants to construct a hypothesis test to determine whether the mean weekly return on a stock is positive. The null hypothesis for this test should be that the mean return is: 
 
A) Greater than zero 
B) Les...
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CFA Level 1 Test Exam Questions and Answers
- Exam (elaborations) • 13 pages • 2024
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CFA Level 1 Test Exam Questions and Answers 
 
The percentage changes in annual earnings for a company are approximately normally distributed with a mean of 5% and a standard deviation of 12%. The probability that the average change in earnings over the 5 years will be greater than 15.5% is closest to: 
 
A) 2.5% 
B) 5.0% 
C) 10% - Answer-A = 2.5% 
 
The standard error of a 5-year average of earnings changes is 12%√5=5.366.% 
15.5% is 15.5−5/5.366=1.96 standard errors above the mean 
The pro...