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CFA study guide with complete solutions

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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...

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  • September 14, 2024
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EXAM_SOLUTIONS GUARANTEED SUCCESS 2024/2025 ACADEMIC YEAR




©SOPHIABENNETT 9/3/24 2024/2025

, ©SOPHIABENNETT EXAM SOLUTIONS_2024/2025 Tuesday, September 3, 2024 10:30 AM



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 - Answer✔️✔️-Macaulay duration


When parties exchange fixed cash payments for payments that depend on the returns

to a stock or a stock index, they are purchasing a(n) - Answer✔️✔️-Equity swap

When the market rate of interest falls after issuance, a company selecting the fair value

option for reporting a liability with a fixed coupon rate will report - Answer✔️✔️-a loss

The primary goal of both monetary and fiscal policy focuses on balancing economic

growth and - Answer✔️✔️-Inflation

A market structure characterized by homogeneous/standardized product differentiation

is best described as - Answer✔️✔️-perfect competition and oligopoly

The market structure in which a firm sells all of the product it produces at the market

equilibrium price is best described as: - Answer✔️✔️-Perfect competition

The power of a test is the probability of: - Answer✔️✔️-rejecting the null when it is false

A graphical depiction of a continuous distribution shows the left tail to be longer than the

right tail. The distribution is best described as having: - Answer✔️✔️-Negative skewness




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, ©SOPHIABENNETT EXAM SOLUTIONS_2024/2025 Tuesday, September 3, 2024 10:30 AM


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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