Level 1 complete - Study guides, Class notes & Summaries

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...

CFA Level 1: Quant Study Guide with Complete and Verified Solutions nominal risk free rate equals... - Answer️️ -real risk free rate + expected inflation required interest rate on a security - Answer️️ -nominal risk free rate + default risk premium + liquidity premium + maturity risk premium EAR or APY - Answer️️ -(1+periodic rate)^m - 1 always higher than annual percentage rates (not compounded) ordinary annuity - Answer️️ -cash flows that occur at the end of each compoun...

CFA level1-Mock-120 Questions 1~18 Relate to Ethics ............................................................................................. 2 Questions 19~32 Relate to Quantitative analysis.................................................................. 8 Questions 33~44 Relate to Economics.................................................................................. 14 Questions 45~68 Relate to Financial Statement Analysis................................................... 18 Q...

CFA Level 1: Quant question with complete solution 2023 rated A+nominal risk free rate equals... - correct answer real risk free rate + expected inflation required interest rate on a security - correct answer nominal risk free rate + default risk premium + liquidity premium + maturity risk premium EAR or APY - correct answer (1+periodic rate)^m - 1 always higher than annual percentage rates (not compounded) ordinary annuity - correct answer cash flows that occur at the end of each co...

CFA Level 1 Formulas question with complete solution graded A+ Already passedPrice change based on convexity - correct answer -duration(change in yield)+1/2(convexity)(change in yield)^2 Effective Duration - correct answer Required if a bond has embedded options: [(v-)-(v+)]/[2V0(change in curve)] Modified Duration - correct answer [(v-)-(v+)]/[2V0(change in yield)] Future Value - correct answer PV(1+(I/Y)^N) PV - correct answer FV/(1+r)^n PV of perpetuity - correct answer PMT / d...

CFA Level 1 - Error Sets question with complete solution graded A+ 20233.Two years from now, a client will receive the first of three annual payments of $20,000 from a small business project. If she can earn 9 percent annually on her investments and plans to retire in six years, how much will the three business project payments be worth at the time of her retirement? - correct answer 7.Suppose you plan to send your daughter to college in three years. You expect her to earn two-thirds of her ...

CFA Level 1 - Quantitative Methods Exam Questions with Complete Solutions Working Capital Management - Answer-The management of the company's short-term assets (such as inventory) and short term liabilities (such as money owed to suppliers). NPV Decision Rule - Answer-If the investments NPV is positive - Accept Project If the investments NPV is negative - Decline Project If the investor has 2 (Mutually Exclusive) projects - Accept the Higher NPV IRR Decision Rule - Answer-IRR is gr...

CFA Level 1 FRA question with complete solution 2023Current Ratio - correct answer Current Assets divided by current liabilities Quick Ratio - correct answer Cash plus marketable securities plus receivables divided by current liabilities Cash Ratio - correct answer Cash plus marketable securities divided by current liabilities Defensive Interval Ratio - correct answer Cash plus marketable securities plus receivables divided by average daily expenditures Cash Conversion cycle - correc...

CFA level 1 question and answers graded A+ already passed 2023faithful representation, substance over form, prudence, neutrality, completeness - correct answer According to the IFRS what are the 5 qualities of financial information that improve reliability Costs can be reliably measured - correct answer According to IFRS what condition must be met for revenue recognition to occur? Current ratio will decrease. Accruing wages increases both current liabilities and expenses, but collecting ...