Merger arbitrage - Guides d'étude, Notes de cours & Résumés

AWMA Module 3 Complete Exam Questions and Answers All Correct 4 Market directional hedge fund types - Answer 1. Equity (sector) long/short 2. Emerging Markets 3. Short-selling/short bias 4. Activist Market Directional, equity (sector) long/short - Answer classic hedge fund approach, where the fund manager goes long a core group of stocks while also being short other stocks, and/or futures or stock index options Market Directional, emerging markets - Answer Investing in emerging mar...

CAIA Level 2 - Topic 1 Chapter 1- Asset Manager Code of Professional Conduct - General Principles: Questions and answers/ Do firms that are in compliance with the Asset Manager Code need to disclose their investments' lockup periods and use of financial derivative contracts? - -Yes- they need to disclose investment lock ups and use of derivatives Firms that are aiming for compliance with the Asset Manager Code typically disclose what if any, types of risk management processes to the...

CAIA Sample Exam Level 1 Questions and Answers 100% Verified The Fisher effect states that nominal interest rates are equal to the sum of real interest rates plus which of the following? - answerA premium for anticipated inflation Which of the following outside service providers assist hedge funds through bookkeeping, third- party information gathering, and security valuation functions? - answerFund administrators A private equity fund is structured as deal-by-deal carried interest for det...

CFA Alternative Investments. Questions with accurate answers. Graded A+ Document Content and Description Below CFA Alternative Investments. Questions with accurate answers. Graded A+ What is a payoff equivalent of a merger strategy? - A typical merger strategy involved longing the target company and shorting the acquirer, with the net spread representing the payoff if merger is successful. If the merger fails, the prices revert to what they were prior to merger announcement, and the strategy e...

AWMA Test Questions with Correct Answers Capital Market Line - Answer-A graphical representation of the relationship between risk and return, where risk is measured by standard deviation; the CML includes the concept of a risk-free rate of return Jenson Performance index - Answer-Used in comparing performance money managers on a risk-adjusted basis and can be used by itself. A number above 0.00 indicates the manager had better performance than would be expected given the risk he took......

CFA Level 2 Exam 115 Questions with Answers 2023 FCFF (using EBITDA) - CORRECT ANSWER FCFF = EBIDTA(1-T) + DEP(T) - Finv - Winv Converting FIFO to LIFO COGS - CORRECT ANSWER FIFO COGS = LIFO COGS - (End LIFO Reserve - Beg LIFO reserve) Engle- Granger Test - CORRECT ANSWER Test whether 2 variables are cointegrated. Regress 1 data series against the other and check residuals for unit root. Steady State of Growth Formula - CORRECT ANSWER growth = Growth Rate TFP/1-(Labor cost in total...

AWMA Test Questions with Correct Answers Capital Market Line - Answer-A graphical representation of the relationship between risk and return, where risk is measured by standard deviation; the CML includes the concept of a risk-free rate of return Jenson Performance index - Answer-Used in comparing performance money managers on a risk-adjusted basis and can be used by itself. A number above 0.00 indicates the manager had better performance than would be expected given the risk he took......

CSC Questions and Answers capital wealth in the form of material things such as land and buildings, and representational things like money stocks and bonds debt instrument issuer promises to repay loan at maturity and makes interest payments. Bonds, Debentures, Mortgages, Treasury Bills and Commercial Paper. Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:01 / 0:15 Full screen Brainpower Read More equity instruments ownership stake in a compa...

List the 3 primary elements that differentiate a hedge fund from other investment pools 1) Privately organized in most jurisdictions 2) Usually offers performance-based fees to its managers 3) Usually can apply leverage, use derivatives or utilize other investment felxibility List 6 investment flexibilities of hedge funds 1) Hedge fund strategies often invest in nonpublic, unlisted securities 2) Hedge funds often use leverage, at times very large amounts 3) Hedge funds often use der...

AWMA Test Review 1 Questions with Correct Answers If ABC Corporation has net profits of $100,000 and distributes $50,000 as dividends, what is its taxable income? A. $0 B. $25,000 C. $50,000 D. $100,000 - Answer-The net profits of a corporation are subject to federal income taxation. This tax is levied on corporate taxable income before payment of dividends to common and preferred shareholders. Thus, if ABC Corporation has net profits of $100,000 and distributes $50,000 as dividends,...