package deal for CFA exam 2023 updated/verified

CFA Level 1 FRA question with complete solution 2023Current 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 securit...

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 ...

CFA Level 1 – Economics correctly answered to pass 2023 Price Elasticity of Demand Formula - correct answer (% Change in Quantity Demanded) / (%t Change in Price) Cross Elasticity of Demand Formula - correct answer (% Change in Quantity Demanded) / (% Change in Price of Substitute or Complemen...

Cfa level 1 complete question with complete solution rated A+ 2023Private value auctions - correct answer Value is subjective and different to each bidder Ascending price (English) auction - correct answer Bidders can bid amounts greater than the previous bid, and the bidder that first offers t...

CFA LEVEL 1 question with correct answers 2023 graded A+ Financial Statement Analysis Framework - correct answer provides an overview of the methodology used by analysts to consistently analyze financial statements 1. articulate the purpose and context of analysis 2. collecting data 3. process ...

CFA Level 1: Quant question with complete solution 2023 rated A+nominal risk free rate equals... - correct answer real risk free rate + expected inflation required interest rate on a security - correct answer nominal risk free rate + default risk premium + liquidity premium + maturity risk premiu...

CFA Level 1 glossary 2020(updated)question and answersA priori probability - correct answer A probability based on logical analysis rather than on observation or personal judgment. abnormal return - correct answer The amount by which a security's actual return differs from its expected return, g...

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)...

CFA Level 1 question and answers rated A+ 2023 updatedGeorge Hutchins, CFA, would like to perform a paired comparisons test on returns for the stocks of two real estate investment trusts. The test statistic that Hutchins should select for the paired comparisons test is the: - correct answer t-Stat ...

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 th...

CFA Level 1 - Fixed Income question and answers graded A+ 2023Bond Indenture - correct answer Contract that specifies all the rights and obligations of the issuer and owners of a fixed income security. Negative Covenants - correct answer Prohibitions on the borrower. Affirmative Covenants - co...

CFA Level 1 - Corporate Finance correctly answered 2023Capital Budgeting process - correct answer identifying and evaluating capital projects....projects where the cash flow to the firm will be received over a period longer than a year. Capital Budgeting Steps - correct answer 1) idea generation ...

CFA Level 1 - 101 Must Knows question and answers 2023 verifiedAddition Rule of Probability - correct answer ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - correct answer Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, t...

Portfolio Management CFA Level I question and answers rated A+ 2023Q. An asset management firm generated the following annual returns in their US large-cap equity portfolio: Year Net Return (%) 2008 −34.8 2009 32.2 2010 11.1 2011 −1.4 The 2012 return needed to achieve a trailing five-yea...