Financial Planning - ANSWER A collaborative process that helps maximize a Client's potential for meeting life goals through Financial Advice that integrates relevant elements of the Client's personal and financial circumstances.
Automatic Bars from CFP Board - ANSWER
Suspensions (not Bars) f...
CFP Exam 2024 LATEST UPDATE CORRECT
100%
Financial Planning - ANSWER A collaborative process that helps maximize a Client's potential for meeting
life goals through Financial Advice that integrates relevant elements of the Client's personal and financial
circumstances.
Automatic Bars from CFP Board - ANSWER
Suspensions (not Bars) from CFP Board - ANSWER
Who sets Monetary Policy? - ANSWER Federal Reserve
Who sets Fiscal Policy? - ANSWER Congress and the President
Explain the purpose and powers of the Federal Reserve. - ANSWER
Explain the purpose and powers of Congress in regards to Fiscal Policy. - ANSWER
Name all of the student loan types. - ANSWER
Dividend Payout Ratio - ANSWER Common Stock Dividend / EPS
Return on Equity (ROE) - ANSWER EPS / Stockholder's Equity per Share
Dividend Yield Formula - ANSWER Dividend / Stock Price
Price-Earnings Ratio - ANSWER Price per Share / EPS
, Price to Earnings Growth Ratio - ANSWER Stocks P/E Ratio / 3-5 Year Growth in Earnings
Dividend Discount Model - ANSWER V = Next period's dividend / (req. rate of return - dividend growth
rate)
(on formula sheet)
next div = current div(1+growth rate)
Expected Rate of Return - ANSWER Rate of Return = (Next period's dividend / market price) + dividend
growth rate
Net Present Value NPV - ANSWER PV of CF - Initial Cost
positive = invest
0 = invest
negative = do not invest
Holding Period Return HPR - ANSWER (Selling Price - Purchase Price +/- CF) / Purchase price or Equity
invested
List all Systematic Risks - ANSWER PRIME
Purchasing power risk
Reinvestment rate risk
Interest rate risk
Market risk
Exchange rate risk
List all Unsystematic Risks - ANSWER ABCDEFG
Accounting Risk
Business Risk
Country Risk
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