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Examen
CFA Level 1 Questions And Correct Answer.
2. Ordinal Scales (Assigned to a category) 3. Interval Scales (Relative ranking) 4. Ratio Scales (Equal differences between scale values) NOIR When do we use geometric and arithmetic means to analyze investment returns? - correct answer Arithmetic Mean: To estimate next year's return Geometric Mean: Measure of past performance What are the 3 different types of probabilities? - correct answer 1. Empirical Probability (Past data) 2. Priori Probability (Formal reasoning) 3. Subjective ...
RealGrades
Examen
CFA Level 1 Formulas Question And Answer.
PopularPrice 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 Approximate percentage price change of a bond correct answer ...
RealGrades
Examen
CFA Investment Foundations Complete Study Guide With Correct Answers.
Investment companies - correct answer Companies that exist solely to hold investments on behalf of their shareholders, partners, or unitholders, including mutual funds, hedge funds, venture capital funds, and investment trusts. Futures contract - correct answer An agreement that obligates the seller, at a specified future date, to deliver the buyer a specified underlying in exchange for the specified futures price. Accrued liabilities - correct answer Liabilities related to ...
Rechga
Examen
CFA 4 Question And Answer.
if you were fired from a previous job and fail to tell your new employer is that a violation and if so of what? - correct answer yes, misconduct. this information could potentially harm your new employer and he needs to know man! degress of price discrimination - correct answer 1st degree-- know price that every consumer is willing to pay. 2nd degree-- price varies according to quanity demanded. sellers aren't able to distinguish classes or consumers. third degree-- charging different prices...
RealGrades
Examen
CFA Level 1 - Quantitative Methods Practice Guide.
Default Risk - correct answer.Risk that a borrower will not make promised payments Liquidity Risk - correct answer.Risk of recieving less than fair value for an investment if it must be sold for cash quickly Required Interest Rate on A Security - correct answer.= Nominal Interest Rate + Default Risk Premium + Liquidity Premium + Maturity Risk Premium Real Risk Free Rate / Nominal Risk Free Rate - correct answer.- Single period interest rate for a completely risk-free security with no...
RealGrades
Examen
CFA Level 1 Sample Questions Fully Solved.
The feature of a well-functioning investment industry that gives investors the ability to quickly buy and sell a significant amount of an investment without having a material impact on the price is described as: A liquidity B competitive markets C risk transfer - correct answer A According to fundamental ethical and professional principles applicable to the investment industry, which group should have its interests ranked first? A Clients B Employers C Co-workers - correct answer A ...
RealGrades
Examen
CFA Level 2 Question Fully Solved.
FCFF (using EBITDA) - correct answer FCFF = EBIDTA(1-T) + DEP(T) - Finv - Winv Converting FIFO to LIFO COGS - correct answer FIFO COGS = LIFO COGS - (End LIFO Reserve - Beg LIFO reserve) Engle- Granger Test - correct answer Test whether 2 variables are cointegrated. Regress 1 data series against the other and check residuals for unit root. Steady State of Growth Formula - correct answer growth = Growth Rate TFP/1-(Labor cost in total factor cost) + labor force growth Labor productivi...
RealGrades
Examen
CFA Level 1 FRA Question Fully Solved.
Current Ratio -correct answer Current Assets divided by current liabilities Quick Ratio -correct answer Cash plus marketable securities plus receivables divided by current liabilities Cash Ratio -correct answer Cash plus marketable securities divided by current liabilities Defensive Interval Ratio -correct answer Cash plus marketable securities plus receivables divided by average daily expenditures Cash Conversion cycle -correct answer days in inventory plus days in accounts rec...
RealGrades
Examen
CFA level 1 Study Guide .
faithful representation, substance over form, prudence, neutrality, completeness - correct answer According to the IFRS what are the 5 qualities of financial information that improve reliability Costs can be reliably measured - correct answer According to IFRS what condition must be met for revenue recognition to occur? Current ratio will decrease. Accruing wages increases both current liabilities and expenses, but collecting receivables has no effect on current assets or sales therefore...
RealGrades