CFA (CFA)

CFA Exam Questions and Answers (100% Pass) why were the GIPS standards created? - Answer-to help prevent misleading practices such as "representative accounts", where a firm picks a top performaing account to represent overall investmment results Teresa Avila, CFA, is a micro-cap investment analyst at a hedge fund. The fund requires Avila to hold any securities she recommends for the fund in her own account as well. Because Avila has such a small account, whenever she trades for her own ...

CFA Exam Study Guide Questions with Correct Answers An igG index of greater than 0.80 is indicative of which of the following: - Answer-Synthesis of IgG within the CNS Which of the following can decrease CSF protein: - Answer-Fluid leakage CSF lactate is used to verify cases of which of the following: - Answer-Meningitis Which of the following can be used to identify CSF fluid: - Answer-Transferrin t protein Oligoclonal bands are significant in the diagnosis of multiple sclerosi...

CFA Level 1 Practice Exam Questions with Complete Answers Three steps to computing time-weighted returns - Answer-1) price the portfolio immediately prior to any significant addition or withdrawal of funds 2) calculate the holding period return on the portfolio for each subperiod 3) Link or compound holding period returns to obtain an annual rate or return for the year how to find time-weighted return - Answer-TWR= (Gmean P1)(Gmean P2)^1/2 - 1 dividend discount model formula - Answe...

Corporate Finance CFA Exam Questions with Correct Answers Based on Exhibit 1, which statement is most likely correct? - Answer-Company A has made one or more acquisitions. Based on Exhibit 1, the financial leverage ratio for Company B is closest to: - Answer-2.22. Based on Exhibit 1, which ratio indicates lower liquidity risk for Company A compared with Company B? - Answer-Cash ratio In order to assess a company's ability to fulfill its long-term obligations, an analyst would most l...

CFA Level 1 Sample Questions with 100% Correct Answers Which of the following government actions will most likely lead to an increase in the level of aggregate demand? A reduction in: A transfer payments B public spending on social goods and infrastructure C the capital gains tax - Answer-C If Mexico is running a large current account deficit with Canada, which of the following will most likely occur? A Canada will reduce its imports from Mexico B The Mexican peso will deprecia...

A Level 1 Practice Test Questions with Correct Answers Otto von Bismarck's phrase " blood and iron" What is related to the? - Answer-Unification of Germany all the following are consequences of the Franco-Prussian war EXCEPT? - Answer-A wave of social reform in Germany to what historical development is this cartoon from an 1898 French newspaper referring? - Answer-efforts by imperialist powers to divide China into "spheres of influence" which of the following modern Asian countr...

CFA Level 1 FRA Exam Questions and Answers Fixed charge coverage ratio - Answer-EBIT plus lease payments divided by interest payments plus lease payments Gross profit - Answer-Sales minus cost of goods sold Gross profit margin - Answer-gross profit divided by revenue operating profit margin - Answer-operating profit divided by revenue pretax margin - Answer-earnings before tax divided by revenue Net profit margin - Answer-net income divided by revenue Return on assets - Ans...

CFA Level 1 Formulas Exam Questions with Correct Answers 95% confidence interval - Answer-+/- 1.96 SDs 99% confidence interval - Answer-+/- 2.58 SDs Z score - Answer-(x-mean)/SD Roy's safety first ratio - Answer-(E(Rp) - Rtarget)/SD Mean sampling error - Answer-mean - miu Standard error - Answer-SD/ sqrt (n) Confidence interval - Answer-x+/- z*(SD/sqrt(n)) Type 1 error - Answer-rejection of null hypothesis when it is actually true Type 2 error - Answer-Accepting the n...

CFA level 1 Exam Questions with Correct Answers Payables turnover = COGS/avg payables = 1969/(361+346)/2 = 5.57 Days in payables = 365/payables turnover = 65.6 CCC = DOH +DSO - Days in Pay = 49.4+39.4-65.6=23.2 - Answer-find the cash conversion cycle sales COGS Interest 123 110 Cash 108 105 receivables 318 286 inventories 248 285 Payables 361 346 notes payable 50 99 the deferred tax liability equals the difference between the value for accounting and tax purposes times t...

CFA Level 1 Exam Questions with Complete Solutions A standard normal probability distribution has a mean of zero, so subtracting the mean from a normal random variable before dividing by its standard deviation is necessary to produce a standard normal probability distribution. An analyst wants to construct a hypothesis test to determine whether the mean weekly return on a stock is positive. The null hypothesis for this test should be that the mean return is: A) Greater than zero B) Les...