CFA study guide with complete
solutions
The weighted average number of years to receipt of the principal and interest payments
that will result in realization of the initial market discount rate on a bond is best
described as - Answer️️ -Macaulay duration
When parties exchange fixed cash p...
In setting the confidence interval for the population mean of a normal or approximately
normal distribution, and given that the sample size is small, Student's t-distribution is the
most appropriate approach when the variance is - Answer✔️✔️-Unknown
The probability of Event A is 40%. The probability of Event B is 60%. The joint
probability of ABis 40%. The probability (P) that A or B occurs, or both occur, is closest
to - Answer✔️✔️-60%
Ethical principles are sets of beliefs centered around: - Answer✔️✔️-societies views on
what is considered good or bad conduct
If a firm restructures and wants to remain compliant with the GIPS standards, it should
most likely: - Answer✔️✔️-maintain the historical performances for all composites
In order to provide investors with a more comprehensive view of a firm's performance,
the current GIPS standards includes new provisions related to: - Answer✔️✔️-various
measures of risk
If the distribution of the population from which samples of size n are drawn is positively
skewed and given that the sample size, n, is large, the sampling distribution of the
sample means is most likely to have a: - Answer✔️✔️-distribution that is approximately
normal
empirical probability - Answer✔️✔️-probability estimated from data as a relative
frequency of occurrence
A z-test regarding a mean is most appropriate when the - Answer✔️✔️-variance is
unknown and sample is small and normally distributed
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