Level 3 - Study guides, Class notes & Summaries

Provides an extensive but concise summary of all option strategies discussed in the CFA level 3 derivatives section. It also provides on overview of the option Greeks and their determinants etc. This document provides everything you need to pass the derivatives section of the CFA level 3 exam.

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 – Economics Exam Questions and Answers (Definite Pass) When demand is less elastic than supply- consumers bear higher or lower burden - Answer-HIGHER When supply is less elastic than demand- consumers bear higher or lower burden - Answer-LOWER, suppliers will bear a higher burden Inelastic means more or less DWL - Answer-Less Three Constraints to Profit Maximization - Answer-TMI 1) Technological, 2) Informational, 3) Market Constraints Technological Efficiency - Answ...

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...

CFA Level 1 - Fixed Income Exam Questions with Correct Answers Coupon Rate Floor - Answer-Minimum periodic coupon interest payment received by lender/security owner. Coupon Rate Collar - Answer-Simultaneous combination of both cap and floor. Regular Redemption - Answer-When bonds are redeemed under the call provisions specified in the bond indenture. Special Redemption - Answer-When bonds are redeemed to comply with a sinking fund provision or because of a property sale mandated by...

CFA Level 1 Questions | Questions with 100% Correct Answers | Updated & Verified What are the 4 types of measurement scales? - 1. Nominal Scales 2. Ordinal Scales (Assigned to a category) 3. Interval Scales (Relative ranking) 4. Ratio Scales (Equal differences between scale values) NOIR When do we use geometric and arithmetic means to analyze investment returns? - Arithmetic Mean: To estimate next year's return Geometric Mean: Measure of past performance What are the 3 different types...

CFA Level 1 Study Guide Exam Questions and Answers What is the key assumption of technical analysis? - Answer-Market prices reflect both rational and irrational investor behavior What are the 4 different types of Oscillators? - Answer-1. Rate of Change Oscillator (100x the difference between the latest closing price and the closing price n periods earlier) 2. Relative Strength Index (Ratio of total price increases to price decreases) 3. Moving Average Convergence/Divergence 4. Stochasti...

What are the 4 types of measurement scales? - Answer- 1. Nominal Scales 2. Ordinal Scales (Assigned to a category) 3. Interval Scales (Relative ranking) 4. Ratio Scales (Equal differences between scale values) NOIR When do we use geometric and arithmetic means to analyze investment returns? - Answer- Arithmetic Mean: To estimate next year's return Geometric Mean: Measure of past performance What are the 3 different types of probabilities? - Answer- 1. Empirical Probability (Past data...

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 ...