schweser notes cfa level 1 2013 pdf

... 0o gas = 107,500 - 12,500Pgas + 2001 + 1 ,200P8T - IOOPauto Inserting the values given, we have: Qo gas = 107,500 - 12,500Pgas + 200 X 50 + 1 ,200 X 20 - 100 X 30 Qo gas = 138,500 - 12,500P ... bidders who bid a discount of 0.11 17% Since there are bids for $8 billion in bills at the discount of 0 1 1 17%, and only $2 billion unsold at a yield of 0 1 1 04%, each bidder receives 2/8 ... gallon as 138,500 -12,500(3) = 1 0 1 ,000 Substituting 3 for P0, 1 0 1 ,000 for �' and -12,500 for ( �;), we can calculate the price elasticity of demand as: Eoemand = = X ( - 12,500 ) =

Ngày tải lên: 06/10/2015, 12:00

... correct treatment of flotation costs 11 .35.f 11 .36.a 11 .36.b 11 .36.c 11 .36.d 11 .36.e 11 .36.f 11 .36.g 11 .36.h 11 .36.i 11 .36.j 11 .36.k 11 .36.l describe expected relations ... evaluating the qualifications of board members 11 .39.a 11 .39.b 11 .39.c 11 .39.d 11 .39.e 11 .39.f 11 .39.g 11 .40.a 11 .40.b 11 .40.c 11 .40.d describe primary and secondary sources ... portfolio standard deviation 11 .40.e 11 .40.f 11 .40.g 12 . 41. a 12 . 41. b 12 . 41. c 12 . 41. d 12 . 41. e 12 .42.a 12 .42.b 12 .42.c 12 .42.d 12 .42.e describe responsibilities

Ngày tải lên: 06/06/2015, 16:02

... −5 / 47.5 = -0.105 or -10.5% The percent change in price is = (1,200 − 1,000) / [(1,000 + 1,200) / 2] = 200 / 1,100 = 0.1818 or 18.2% The price elasticity of demand is -10.5 / 18.2 = -0.58 This ... $41,000) / $47,000 = 25.53% 30.30% / 25.53% = 1.18 1.18 > 1 so Tskitishvili would conclude that computers are a luxury good This question tested from Session 4, Reading 13, LOS a, (Part 1) ... A) luxury good with income elasticity of 1.01 Trang 13Your answer: A was incorrect The correct answer was B) luxury good with income elasticity of 1.18 % change in computers demanded = ( 0.57-

Ngày tải lên: 06/06/2015, 16:36

... Portfolios 2010 8.4 10.2 0.7 1,834 2,125 18,222 100 2009 21.1 21.1 1.1 1,730 2,130 17,635 100 2008 –39.7 –39.8 1.0 1,631 2,141 19,246 100 2007 1.4 6.2 1.2 1,532 2,127 14,819 100 2006 11.4 10.5 0.9 1,428 ... 0.9 1,428 2,116 12,362 100 2005 1.0 4.3 0.8 68 1,115 12,051 2004 6.8 4.9 1.0 52 1,110 13,419 2003 23.9 27.0 1.1 46 990 10,612 2002 –24.4 –19.1 0.9 38 975 9,422 2001 –17.7 –12.8 0.8 41 870 8,632 ... 175.0 38.5 64.2 2002 82.3 1.0 175.0 78.8 52.5 2003 129.5 29.9 175.0 105.0 58.3 2004 143.5 42.3 175.0 120.8 41.6 2005 157.5 97.0 175.0 119.0 37.8 2006 166.2 129.3 175.0 112.0 31.1 2007 171.5 184.7

Ngày tải lên: 24/05/2016, 19:33

... into fifths into tenths Percentile (100) Statistical Concepts and Market Rerurns - CFA Mind Maps Level - 2016 - Copyright by WAY TO FINANCE SUCCESS Ly =(n+1) x y /100 WAY TO FINANCE SUCCESS - Website: ... potential employees 2.1 Standard I PROFESSIONALISM - CFA Mind Maps Level - 2016 - Copyright by WAY TO FINANCE SUCCESS WAY TO FINANCE SUCCESS - Website: http://waytofinancesuccess.com a1 Why were the ... Conflict of interest Responsibilities as a CFA Institute member or CFA Candidate Code Of Ethics And Standards Of Professional Conduct - CFA Mind Maps Level - 2016 - Copyright by WAY TO FINANCE SUCCESS

Ngày tải lên: 28/03/2018, 16:43

... = [(1+rt,1)ì (1+rt,2)ì (1+rt,n)] -1 Annualized TWR (when investment is for more than one year) ^ = _ + D O1 + D` … + + D3 Pbc _1 • TWR (for the year) = rTWR = [(1+R1)× (1+R2)×… (1+R365)] -1 where ... the distribution | XXXX 10 Weighted Mean = ‰ Š = ∑„HZ „ ‰„ = (w1X1+ w2X2+….+ wnXn) where X1, X2… Xn = observed values and w1, w2… wn = corresponding weights, sum to 11 Geometric Mean = GM = c‹‰ ... observations 16 Mean Absolute Deviation = MAD = 17 Population Variance = σ2 = X ∑c Ž• |‘G ‘ | ∑Ž• ‘Ž – — ( Formula Sheet Volume 1: Quantitative Methods 18 Population Standard Deviation = √™ ` = š 19 Sample

Ngày tải lên: 28/03/2018, 16:44

... ~signmenu uonom;t:f CFA Program Level I 2014 Curriculum Volume (CFA Institute, 2013) 13 Demand and Supply An:a.lysis:Introduction 14 Demand and Supply An:a.lysis:Consumer Demand 15 Demand and Supply ... Growth 18 Undersranding Bwincss Cydcs 19 Monetary and Fiscal Policy page 124 page 155 page 177 , STUDY SESSION Reading ~signmenu uonom;t:f CFA Program Level I 2014 Curriculum Volume (CFA Institute, ... An:a.lysis:The Firm 16 The Firm and Market Structures STUDY SESSION page page 46 page 58 page 92 Reading Assignments UDnDm;t:f CFA Program Level I 2014 Curriculum Volume (CFA Instirute, 2013) 17 Aggregate

Ngày tải lên: 28/03/2018, 16:50

... targeting 190 expansion 157 expansionary fiscal policy 138 expansionary monetary policy 137, 179, 191 expected inflation 169 expenditure approach 127 exports 210 export subsidies 217, 218 external ... Herfindahl-Hirschman Index 116 human capital 145 hyperinflation 164 excess capacity 102 excess demand 15 excess reserves 181 excess supply exchange rate regimes 239 exchange rates 138, 139, 231 exchange rate ... economists 194 Keynesian school 161 kinked demand curve model 104 L labor force 145,162 labor productivity 139 labor supply 145 lagging indicators 171 ©2014 Kaplan, Inc Page 261 PRINTED BY: Stephanie

Ngày tải lên: 28/03/2018, 17:02

... effective annual rate is (1 + 0.06 / 4)4 = 1.0154 — = 6.136% and a $1,000 investment will return $1,000(1.06136) = $1,061.36 at the end of one year ©2014 Kaplan, Inc Page 241 PRINTED BY: Stephanie ... properties 10 B Management fee is £155 million x 0.02 = £3.1 million Incentive fee is (£155 million - £150 million) x 0.20 = £1.0 million Total fee is £3.1 million 11 A + £1.0 million = £4.1 million ... Analysis page 103 page 133 STUDY SESSION 17 Reading Assignments Derivatives and Alternative Investments, CFA Program Level I 2015 Curriculum, Volume (CFA Institute, 2014) page 165 57 Derivative

Ngày tải lên: 28/03/2018, 17:03

... * » ©2013 Kaplan, Inc 11 46 93 157 171 189 220 245 259 266 280 Page m % \ _> SCHWESERS SECRET SAUCEđ: 2014 CFA LEVEL I â2013 Kaplan, Inc All rights reserved Published in 2013 by Kaplan Schweser ... Corporate Finance: SS11 Portfolio Management: SS 12 Securities Markets and Equity Investments: SS 13 & 14 Fixed Income: SS 15 & 16 Derivatives: SS 17 Alternative Investments: SS 18 Essential Exam ... n '•I I ! -=• SCHWESER ; v~ pfjf JH m m w ir I EXAM PREP A f Li if w , V i i * $ _ÿ **ÿ 1 it 1m Schweser’s Secret Sauce for the CFA® Exam & ,i.6 i Level I \ KAPLAN W UNIVERSITY

Ngày tải lên: 16/08/2018, 14:33

... *Set value of the 1-year bond equal to present value of the cash flows with the 1-year spot rate divided by two as the only unknown *Solve for 1-year spot rate *Use 6-month and 1-year spot rates ... CFA Level Complete 1,905 terms mccauley04 Try diagrams on Quizlet! See what you're learning in a whole new ... rates and equate the present value of the cash flows of the 1.5-year bond to its price, with 1.5-year bond as the only unknown *Solve for 1.5-year bond Nominal Spread The difference between a bond's

Ngày tải lên: 14/06/2019, 16:03

... outstanding)+(days on inventory on hand)-(number of days of payables) SOLVENCY RATIOS 114 115 116 117 118 119 Debt to equity ratio= (Total debt) (Total Shareholders Equity) Debt To Capital= (Total ... Extension: +91 8588816146 HYDERABAD Kukatpally: +91 7032227363 | Somajiguda: +91 9908414441 INDORE Khajrana Road: +91 9893052856 KOLKATA Kasba: +91 7044596736 | Kankurgachi: +91 9431009108 Shakespeare ... holding period DDM, D1 D2 P2 + + ((1+ke) ) (1+ke)2 ((1+ke)2) Value= Multi-stage dividend discount model: Dn D1/ D2 Pn + + + Value= (1+ke) ) (1+ke)2 ((1+ke)n ) ((1+ke)n) Pn= 169 (Dn+1) (Ke-gc) Free

Ngày tải lên: 14/06/2019, 16:57

... supervisors 18 Correct answer is B Standards of Practice Handbook, 9th edition (CFA Institute, 2005), pp 83-85, 113-115 Standards I-VII 2008 Modular Level I, Vol 1, pp 69-71, 89-91 Study Session 1-2-a ... + 11.2 + 12.9 + 15.1 - 9.4) / 5 = 7.68% Mean absolute deviation = (|8.6 - 7.68| + |11.2 - 7.68| + |12.9 - 7.68| + |15.1 - 7.68| + |-9.4 - 7.68|) / 5 = 6.83% Variance = [(8.6 - 7.68)2 + (11.2 ... (100 + 150) / 2 = 125, the % change in quantity = 50 / 125 = 40; The average price = (150 + 200) / 2 = 175, the % change in price = 50 / 175 = 28.6 Elasticity of supply = 40 / 28.6 = 1.40 41、

Ngày tải lên: 18/06/2019, 15:19

... 10) + (0.25 x 16) + (0.10 x 20) = 11.8% The expected standard deviation is calculated as follows: σ2 = 0.35 x (8 - 11.8)2 + 0.30 x (10 - 11.8)2 + 0.25 x (15 - 11.8)2 + 0.10 x (20 - 11.8)2 = 15.31 ... (0.6) = 1.20 ks = 4.20 + 5.60(1.50) = 12.60%; V = 1.20(1.051) / (0.126 - 0.051) = $16.82 91 “Option Markets and Contracts”, Don M Chance 2008 Modular Level I, Vol 6, pp 90-93 Study Session 17-73-d ... (1.02 x mil) + (0.94356 x mil) + (0.88688 x mil) = 14,518,440 Weight, Bond A = 7,140,000 / 14,518,440 = 0.492 Weight, Bond B = 4,717,800 / 14,518,440 = 0.325 Weight, Bond C = 2,660,640 / 14,518,440

Ngày tải lên: 18/06/2019, 15:19

... closest to: Money-weighted rate of return Time-weighted rate of return A 11.02% 8.53% B 11.02% 11.02% C 11.60% 8.53% D 11.60% 11.02% Select exactly answer(s) from the following: A AnswerA B AnswerB ... following: A $100,000 B $116,000 C $121,000 D $137,000 110 Correct answer is D “Alternative Investments,” Bruno Solnik and Dennis McLeavey 2008 Modular Level I, Vol 6, pp 193-194 Study Session 18-76-f ... as a CFA Candidate 16 Correct answer is D Standards of Practice Handbook, 9th edition (CFA Institute, 2005), p 131 Standards I-VII 2008 Modular Level I, Vol 1, pp 101-102 Study Session 1-2-a

Ngày tải lên: 18/06/2019, 15:19

... of Practice Handbook, 9th edition (CFA Institute, 2005), pp 15-16, 83, 91, 113 Standards I-VII 2008 Modular Level I, Vol 1, pp 21-22, 69, 75, 89 Study Session 1-2-a demonstrate a thorough knowledge ... for his new employer 13 Standards of Practice Handbook, 9th edition (CFA Institute, 2005), pp 113-115 Standards I-VII 2008 Modular Level I, Vol 1, pp 89-91 Study Session 1-2-a demonstrate a thorough ... referral fee arrangement 16 Standards of Practice Handbook, 9th edition (CFA Institute, 2005), p 131 Standards I-VII 2008 Modular Level I, Vol 1, pp 101-102 Study Session 1-2-a demonstrate a thorough

Ngày tải lên: 18/06/2019, 15:19

... infringement of copyright 165 Answer: C PV = FV / (1 + r)N 65 = 100 / (1 + r)4×5 r = 2.177% More simply: N = 20; FV = 100; PV = –65; CPT I/Y; I/Y = 2.177% 2.177% ì = 8.71% â Wiley 2017 All Rights Reserved ... $79 © Wiley 2017 All Rights Reserved Any unauthorized copying or distribution will constitute an infringement of copyright 168 Questions 111–114 relate to Alternative Investments 111 Which of the ... by 13.5% if rates increased by 100 bps, it would increase by more than 13.5% if rates fell by 100 bps 101 Consider a newly issued, seven‐year, 5% annual‐pay bond that is priced at 106 per 100

Ngày tải lên: 09/09/2020, 17:03

... of 151 Question ID: 412631 Ralph Lim and Susan Bland have both passed Level I of the CFA Program Both are currently enrolled to sit for Level II Lim's business card reads, "Ralph Lim, CFA Level ... is put into place Question #13 of 151 Question ID: 412617 Nichole Zeller and Randy Toffler have both passed Level II of the CFA Exam Program and have registered for Level III Zeller circulates ... recommendation Question #29 of 151 Question ID: 551100 For the past years, Karen Beckworth, CFA, has served as a proctor for the CFA exam Beckworth tells her assistant, a Level III CFA candidate, that she

Ngày tải lên: 18/10/2021, 19:38

... Year 1 2 3 4 5 6 7 8 9 10 Return (%) 2.2 6.2 8.9 9.3 10 .5 11 .7 12 .3 14 .1 15 .3 18 .4 The geometric mean return (%) is closest to: A. 9.62. B. 10 .80. C. 10 .89. ... Robinson, CFA, Jan Hendrik van Greuning, CFA, Karen O’Connor Rubsam, CFA, R. Elaine Henry, CFA, and Michael A. Broihahn, CFA 2 010 Modular Level 1, Vol. 3, pp. 10 6 -10 8 Study Session 7- 31- d Describe ... supplied is 5 / 27.5 = 0 .18 1 818 . Average price is (20 + 15 ) / 2 = 17 .5 and the percentage change in price is 5 / 17 .5 = 0.285 714 . The elasticity of supply is 0 .18 1 818 / 0.285 714 = 0.636364. By...

Ngày tải lên: 21/01/2014, 03:20

... 99) D 10 0) B 10 1) D 10 2) C 10 3) A 10 4) B 10 5) C 10 6) A 10 7) D 10 8) D 10 9) D 11 0) B 11 1) A 11 2) B 11 3) A 11 4) C 11 5) C 11 6) D 11 7) D 11 8) C 11 9) C 12 0) A Answers 1) A Standard V(A), Prohibition ... Form Back to Schweser Online Test # = 613 412 Correct Answers 1) A 2) D 3) A 4) A 5) B 6) C 7) A 8) D 9) A 10 ) A 11 ) B 12 ) C 13 ) B 14 ) A 15 ) D 16 ) D 17 ) C 18 ) A 19 ) C 20) D 21) A 22) B 23) ... 7. 11 0) B Covariance = (1/ n)(S (RX –ERX)(RY – ERY)) mean X = (7+9 +10 +10 )/4 = 9; mean Y = (5+8 +11 +8)/4 = 8 Cov = [(7-9)(5-8)+(9-9)(8-8)+ (10 -9) (11 -8)+ (10 -9)(8-8)] / 4 = 2.25 11 1) A Portfolio...

Ngày tải lên: 21/01/2014, 02:20