CFA LEVEL 1 Exam 2023 Questions with correct Answers CFA Level 1 – Ethics Exam 2023 with complete solutions CFA Level 1 Exam Questions with Verified Answers (Graded A) CFA Level 1 FRA Exam Questions and Answers CFA Level 1 - Fixed Income Exam 2023 Questions with 100% correct Answers CFA Level 1 F...
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Financial Statement Analysis Framework - 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 the data 4. analyzing and interpreting the processed data 5. d...
Voorbeeld 4 van de 60 pagina's
In winkelwagenFinancial Statement Analysis Framework - 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 the data 4. analyzing and interpreting the processed data 5. d...
6 components of the CFA Code of Ethics? - Answer- PEJMAR Priority - Always put your client's interests first. Encourage - Practice and encourage others to act professionally and ethically to reflect credit on yourself and the profession. Judgment - use reasonable care and judgment when ...
Voorbeeld 3 van de 30 pagina's
In winkelwagen6 components of the CFA Code of Ethics? - Answer- PEJMAR Priority - Always put your client's interests first. Encourage - Practice and encourage others to act professionally and ethically to reflect credit on yourself and the profession. Judgment - use reasonable care and judgment when ...
The difference between a hedge fund's trading net asset value and its accounting net asset value is that: - Answer- Trading NAV adjusts accounting NAV downward to account for illiquidity of a hedge fund's investments, such as positions that are large relative to trading volume. An additional ri...
Voorbeeld 2 van de 13 pagina's
In winkelwagenThe difference between a hedge fund's trading net asset value and its accounting net asset value is that: - Answer- Trading NAV adjusts accounting NAV downward to account for illiquidity of a hedge fund's investments, such as positions that are large relative to trading volume. An additional ri...
Current Ratio - Answer- Current Assets divided by current liabilities Quick Ratio - Answer- Cash plus marketable securities plus receivables divided by current liabilities Cash Ratio - Answer- Cash plus marketable securities divided by current liabilities Defensive Interval Ratio - Answer- ...
Voorbeeld 2 van de 6 pagina's
In winkelwagenCurrent Ratio - Answer- Current Assets divided by current liabilities Quick Ratio - Answer- Cash plus marketable securities plus receivables divided by current liabilities Cash Ratio - Answer- Cash plus marketable securities divided by current liabilities Defensive Interval Ratio - Answer- ...
Bond Indenture - Answer- Contract that specifies all the rights and obligations of the issuer and owners of a fixed income security. Negative Covenants - Answer- Prohibitions on the borrower. Affirmative Covenants - Answer- Actions that the borrower promises to perform. Maturity or Term to ...
Voorbeeld 3 van de 23 pagina's
In winkelwagenBond Indenture - Answer- Contract that specifies all the rights and obligations of the issuer and owners of a fixed income security. Negative Covenants - Answer- Prohibitions on the borrower. Affirmative Covenants - Answer- Actions that the borrower promises to perform. Maturity or Term to ...
Price change based on convexity - Answer- -duration(change in yield)+1/2(convexity)(change in yield)^2 Effective Duration - Answer- Required if a bond has embedded options: [(v-)-(v+)]/[2V0(change in curve)] Modified Duration - Answer- [(v-)-(v+)]/[2V0(change in yield)] Future Value - Answe...
Voorbeeld 2 van de 13 pagina's
In winkelwagenPrice change based on convexity - Answer- -duration(change in yield)+1/2(convexity)(change in yield)^2 Effective Duration - Answer- Required if a bond has embedded options: [(v-)-(v+)]/[2V0(change in curve)] Modified Duration - Answer- [(v-)-(v+)]/[2V0(change in yield)] Future Value - Answe...
Common Shares - Answer- ownership interest. Residual claim (what's left after debt holders and preferred stockholders) Proxy - Answer- having someone else vote as they direct them on their behalf Statutory Voting - Answer- each share held is assigned one vote in the election of each member of...
Voorbeeld 2 van de 12 pagina's
In winkelwagenCommon Shares - Answer- ownership interest. Residual claim (what's left after debt holders and preferred stockholders) Proxy - Answer- having someone else vote as they direct them on their behalf Statutory Voting - Answer- each share held is assigned one vote in the election of each member of...
Cobb Salad - Answer- 8 Nuggets Romain lettuce lettuce/cabbage blend roasted corn Monterey/cheddar cheese bacon grape tomatoes sliced eggs Comes with roasted bell peppers and salad dressing Grilled cool wrap - Answer- flaxseed flat bread green leaf lettuce lettuce/cabbage blend mo...
Voorbeeld 2 van de 5 pagina's
In winkelwagenCobb Salad - Answer- 8 Nuggets Romain lettuce lettuce/cabbage blend roasted corn Monterey/cheddar cheese bacon grape tomatoes sliced eggs Comes with roasted bell peppers and salad dressing Grilled cool wrap - Answer- flaxseed flat bread green leaf lettuce lettuce/cabbage blend mo...
faithful representation, substance over form, prudence, neutrality, completeness - Answer- According to the IFRS what are the 5 qualities of financial information that improve reliability Costs can be reliably measured - Answer- According to IFRS what condition must be met for revenue recognition...
Voorbeeld 2 van de 8 pagina's
In winkelwagenfaithful representation, substance over form, prudence, neutrality, completeness - Answer- According to the IFRS what are the 5 qualities of financial information that improve reliability Costs can be reliably measured - Answer- According to IFRS what condition must be met for revenue recognition...
What are the 4 types of measurement scales? - Answer- 1. Nominal Scales 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? -...
Voorbeeld 2 van de 6 pagina's
In winkelwagenWhat are the 4 types of measurement scales? - Answer- 1. Nominal Scales 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? -...
A priori probability - Answer- A probability based on logical analysis rather than on observation or personal judgment. abnormal return - Answer- The amount by which a security's actual return differs from its expected return, given the security's risk and the market's return. absolute adva...
Voorbeeld 4 van de 109 pagina's
In winkelwagenA priori probability - Answer- A probability based on logical analysis rather than on observation or personal judgment. abnormal return - Answer- The amount by which a security's actual return differs from its expected return, given the security's risk and the market's return. absolute adva...
Q. Which of the following statements is most accurate with respect to rebalancing and reconstitution of security market indexes? Equal-weighted indexes require frequent rebalancing. A price-weighted index requires rebalancing more than a market-capitalization-weighted index. Turnover within an ...
Voorbeeld 4 van de 50 pagina's
In winkelwagenQ. Which of the following statements is most accurate with respect to rebalancing and reconstitution of security market indexes? Equal-weighted indexes require frequent rebalancing. A price-weighted index requires rebalancing more than a market-capitalization-weighted index. Turnover within an ...
Q. Which of the following statements is most accurate with respect to rebalancing and reconstitution of security market indexes? Equal-weighted indexes require frequent rebalancing. A price-weighted index requires rebalancing more than a market-capitalization-weighted index. Turnover within an ...
Voorbeeld 4 van de 50 pagina's
In winkelwagenQ. Which of the following statements is most accurate with respect to rebalancing and reconstitution of security market indexes? Equal-weighted indexes require frequent rebalancing. A price-weighted index requires rebalancing more than a market-capitalization-weighted index. Turnover within an ...
Current Ratio - Answer- Current Assets/ Current Liabilities LiquidityRatio higher-more likely to be able to pay short term bills Quick Ratio - Answer- Cash+Marketable Securities+Receivables/ Current Liabilities Liquidity Ratio higher-more likely to be able to pay short term bills ...
Voorbeeld 2 van de 7 pagina's
In winkelwagenCurrent Ratio - Answer- Current Assets/ Current Liabilities LiquidityRatio higher-more likely to be able to pay short term bills Quick Ratio - Answer- Cash+Marketable Securities+Receivables/ Current Liabilities Liquidity Ratio higher-more likely to be able to pay short term bills ...
Default Risk - Answer- Risk that a borrower will not make promised payments Liquidity Risk - 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 - Answer- = Nominal Interest Rate + Default Risk Premium + Li...
Voorbeeld 2 van de 5 pagina's
In winkelwagenDefault Risk - Answer- Risk that a borrower will not make promised payments Liquidity Risk - 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 - Answer- = Nominal Interest Rate + Default Risk Premium + Li...
Businesses earn profits by converting financial, physical, and labor resources into goods and services that satisfy consumer demands. This statement is - Answer- true Resource owners want to provide resources to businesses with high profit potential because those businesses will pay higher taxes....
Voorbeeld 2 van de 14 pagina's
In winkelwagenBusinesses earn profits by converting financial, physical, and labor resources into goods and services that satisfy consumer demands. This statement is - Answer- true Resource owners want to provide resources to businesses with high profit potential because those businesses will pay higher taxes....
Allen Jabber invested $400 at the beginning of the last 12 months in the shares of a mutual fund that paid no dividends. Which Method will he correctly choose to calculate his average price per share from the monthly share prices? a) Arithmetic Mean b) Harmonic Mean c) Geometric Mean - Answer- ...
Voorbeeld 2 van de 13 pagina's
In winkelwagenAllen Jabber invested $400 at the beginning of the last 12 months in the shares of a mutual fund that paid no dividends. Which Method will he correctly choose to calculate his average price per share from the monthly share prices? a) Arithmetic Mean b) Harmonic Mean c) Geometric Mean - Answer- ...
Q. Which objective of documentation is fulfilled when documents ensure thoroughness and consistency of action, thus allowing a company to function more efficiently and effectively? - Answer- Organizing. B is correct. Organising is the objective of documentation that is fulfilled when documents ensur...
Voorbeeld 2 van de 9 pagina's
In winkelwagenQ. Which objective of documentation is fulfilled when documents ensure thoroughness and consistency of action, thus allowing a company to function more efficiently and effectively? - Answer- Organizing. B is correct. Organising is the objective of documentation that is fulfilled when documents ensur...
Proprietary trading is most likely carried out by: dealers. brokers. settlement agents. - Answer- Dealers, Dealers act as principals, so they are deemed proprietary traders. Dealers trade on behalf of their own accounts and use their own capital to make markets. B is incorrect. Brokers arrang...
Voorbeeld 4 van de 32 pagina's
In winkelwagenProprietary trading is most likely carried out by: dealers. brokers. settlement agents. - Answer- Dealers, Dealers act as principals, so they are deemed proprietary traders. Dealers trade on behalf of their own accounts and use their own capital to make markets. B is incorrect. Brokers arrang...
Information about the coupon rates on the various long-term fixed-rate debt issues of a company can most likely be found in the: A notes to the financial statements. B non-current liabilities section of the balance sheet. C Management Discussion and Analysis (MD&A). - Answer- A is correct. Info...
Voorbeeld 4 van de 56 pagina's
In winkelwagenInformation about the coupon rates on the various long-term fixed-rate debt issues of a company can most likely be found in the: A notes to the financial statements. B non-current liabilities section of the balance sheet. C Management Discussion and Analysis (MD&A). - Answer- A is correct. Info...
1. Which of the following statements is most accurate? Ethics can be described as: A. a commitment to upholding the law. B. an individual's personal opinion about right and wrong. C. a set of moral principles that provide guidance for our behaviour. - Answer- C is correct. Ethics can be descri...
Voorbeeld 2 van de 7 pagina's
In winkelwagen1. Which of the following statements is most accurate? Ethics can be described as: A. a commitment to upholding the law. B. an individual's personal opinion about right and wrong. C. a set of moral principles that provide guidance for our behaviour. - Answer- C is correct. Ethics can be descri...
Leverage Ratio - Answer- total debt/normalized EBITDA Interest Coverage - Answer- normalized operating income/interest expense Debt to Market Capital - Answer- total debt/(total debt+market cap) Unlevered Beta - Answer- Beta/(1+(1-tax rate)*(debt/market rate) Re-levering beta - Answer- u...
Voorbeeld 1 van de 1 pagina's
In winkelwagenLeverage Ratio - Answer- total debt/normalized EBITDA Interest Coverage - Answer- normalized operating income/interest expense Debt to Market Capital - Answer- total debt/(total debt+market cap) Unlevered Beta - Answer- Beta/(1+(1-tax rate)*(debt/market rate) Re-levering beta - Answer- u...
if you were fired from a previous job and fail to tell your new emmployer is that a violation and if so of what? - Answer- yes, misconduct. this information could potentially harm your new employer and he needs to know man! degress of price discrimination - Answer- 1st degree-- know price that ev...
Voorbeeld 2 van de 8 pagina's
In winkelwagenif you were fired from a previous job and fail to tell your new emmployer is that a violation and if so of what? - Answer- yes, misconduct. this information could potentially harm your new employer and he needs to know man! degress of price discrimination - Answer- 1st degree-- know price that ev...
Bond Indenture - Answer- Contract that specifies all the rights and obligations of the issuer and owners of a fixed income security. Negative Covenants - Answer- Prohibitions on the borrower. Affirmative Covenants - Answer- Actions that the borrower promises to perform. Maturity or Term to ...
Voorbeeld 3 van de 24 pagina's
In winkelwagenBond Indenture - Answer- Contract that specifies all the rights and obligations of the issuer and owners of a fixed income security. Negative Covenants - Answer- Prohibitions on the borrower. Affirmative Covenants - Answer- Actions that the borrower promises to perform. Maturity or Term to ...
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