CMSA with correct answers 2025
Based on our course materials, organize the various roles (from 1 to 5) of Origination/Sales &
Trading team members, starting with Relationship Management focused roles, ending with day-
to-day operational support. - correct answers
As an Analyst or Associate on the Origination team, which of the tasks is most likely to be your
top priority on Deal Day? - correct answersterm sheet, pricing
If a principal amount of $1,000 earns 6% per year compounded annually in the first 2 years and
3% in the last 2 years, how much will you have total at the end of year 4? - correct answers6%
6% 3% 3%
1000*6% 60* (1+6%) 63.6*(1+3%) 65.50* ( 1+3%)
1000*6%
What's the discount factor if you are going to receive $500 ten years from now with an 8%
annual interest? - correct answers
What's the effective rate for investment with a 6% annual rate, compounded quarterly? -
correct answers
What are SWFs commonly established from? - correct answers
How does an increase in the Central Bank's policy rate effect it's domestic bond market - correct
answers
What is not true about fiat money? - correct answers
What's the best way to manage the situation where individuals rationalize committing
misconduct in an organization? - correct answers
,If a company declares bankruptcy, what is the correct order of how stakeholders are paid out
(from first to last)? - correct answers
What is the spread for this security after an investor submits a sell order for 185 shares at
$41.87? - correct answers
Decide whether Company A is a buy or sell depending on the following information:
Company A:
P/E Ratio: 8.12x
Share Price: $29.08
Intrinsic value of Company A is $28.91. - correct answers
Someone interested in investing into early stage companies is likely to invest in what type of
fund? (Select the best answer). - correct answersVenture capital
In the above chart, which line best represents a defensive industry? - correct answers
If Jim puts in an order to purchase 30 shares of company A for $1.30 while the current price is
$1.35, and the order is canceled immediately, what type of order did he put in? - correct
answers
A bond has a face value of $2,000 and a coupon of 4%, paid semi-annually. How much will the
investor receive every coupon payment? - correct answers
Which statement is the best description of the relationship between a bond's price and its
yield? - correct answers
Which statement is the best description of the relationship between a bond's price and its
yield? - correct answers
, Calculate the accrued interest of the following bond on Feb 15 based on Actual/365 day count
conventions provided last coupon was paid on Dec 31.
Face value: $5,000
Annual coupon rate: 4%
Paid semi-annually - correct answers
Which of the following might cause the yield curve to steepen? - correct answers
Which of the following statements on bond yield is true? - correct answers
4
I want to buy EUR/JPY using USD. Which of the following trades would achieve this objective? -
correct answers
A bank quotes GBP/USD at 1.5436-40. If a trader wishes to buy USD, what is the correct quote
to consider? - correct answers
A trader has a soft limit of $8MM USD and a hard limit of $10MM USD. Their current NOP is
$3MM USD. They purchase $6MM USD, sell $1MM USD, and then purchase another $5MM
USD. Which of the following statements is correct? Select all that apply. - correct answers
A trader is long EUR/USD at 1.2780 and has a target of 1.2790, but wants to limit losses to
1.2775. If they have entered an OCO order, and EUR/USD trades below 1.2775 and then above
1.2790, what would be the resulting trade? - correct answers
Based on the priority of currencies, which of the following FX pairs are correctly quoted? Select
all correct answers. - correct answers
Match the correct group for each of the FX currencies: Major, minnors, exotics - correct answers
Based on our course materials, organize the various roles (from 1 to 5) of Origination/Sales &
Trading team members, starting with Relationship Management focused roles, ending with day-
to-day operational support. - correct answers
As an Analyst or Associate on the Origination team, which of the tasks is most likely to be your
top priority on Deal Day? - correct answersterm sheet, pricing
If a principal amount of $1,000 earns 6% per year compounded annually in the first 2 years and
3% in the last 2 years, how much will you have total at the end of year 4? - correct answers6%
6% 3% 3%
1000*6% 60* (1+6%) 63.6*(1+3%) 65.50* ( 1+3%)
1000*6%
What's the discount factor if you are going to receive $500 ten years from now with an 8%
annual interest? - correct answers
What's the effective rate for investment with a 6% annual rate, compounded quarterly? -
correct answers
What are SWFs commonly established from? - correct answers
How does an increase in the Central Bank's policy rate effect it's domestic bond market - correct
answers
What is not true about fiat money? - correct answers
What's the best way to manage the situation where individuals rationalize committing
misconduct in an organization? - correct answers
,If a company declares bankruptcy, what is the correct order of how stakeholders are paid out
(from first to last)? - correct answers
What is the spread for this security after an investor submits a sell order for 185 shares at
$41.87? - correct answers
Decide whether Company A is a buy or sell depending on the following information:
Company A:
P/E Ratio: 8.12x
Share Price: $29.08
Intrinsic value of Company A is $28.91. - correct answers
Someone interested in investing into early stage companies is likely to invest in what type of
fund? (Select the best answer). - correct answersVenture capital
In the above chart, which line best represents a defensive industry? - correct answers
If Jim puts in an order to purchase 30 shares of company A for $1.30 while the current price is
$1.35, and the order is canceled immediately, what type of order did he put in? - correct
answers
A bond has a face value of $2,000 and a coupon of 4%, paid semi-annually. How much will the
investor receive every coupon payment? - correct answers
Which statement is the best description of the relationship between a bond's price and its
yield? - correct answers
Which statement is the best description of the relationship between a bond's price and its
yield? - correct answers
, Calculate the accrued interest of the following bond on Feb 15 based on Actual/365 day count
conventions provided last coupon was paid on Dec 31.
Face value: $5,000
Annual coupon rate: 4%
Paid semi-annually - correct answers
Which of the following might cause the yield curve to steepen? - correct answers
Which of the following statements on bond yield is true? - correct answers
4
I want to buy EUR/JPY using USD. Which of the following trades would achieve this objective? -
correct answers
A bank quotes GBP/USD at 1.5436-40. If a trader wishes to buy USD, what is the correct quote
to consider? - correct answers
A trader has a soft limit of $8MM USD and a hard limit of $10MM USD. Their current NOP is
$3MM USD. They purchase $6MM USD, sell $1MM USD, and then purchase another $5MM
USD. Which of the following statements is correct? Select all that apply. - correct answers
A trader is long EUR/USD at 1.2780 and has a target of 1.2790, but wants to limit losses to
1.2775. If they have entered an OCO order, and EUR/USD trades below 1.2775 and then above
1.2790, what would be the resulting trade? - correct answers
Based on the priority of currencies, which of the following FX pairs are correctly quoted? Select
all correct answers. - correct answers
Match the correct group for each of the FX currencies: Major, minnors, exotics - correct answers
