CFA 1 - 25 Questions

The expected P/E ratio of a stock is 10, and the actual P/E ratio is 10.8. What can we say about the stock?
When marginal products (MP) are maximized, marginal costs (MC) are:
Which of the following most likely represents valid criticisms concerning the neoclassical and Austrian schools?
An equity analyst working for a growth oriented mutual fund has a tendency to misvalue the stocks of popular companies that she has previously recommended and the fund already owns. Her behavior is most likely consistent with which of the following biases?
Which of the following is the most accurate description of the defensive interval ratio?
Which of the following statements is most accurate?
Investors have the tendency to be:
A firm values its assets using fair values. Its asset base comprises of the following asset categories: Category 1: Fee-paying discretionary portfolios Category 2: Non-fee paying discretionary portfolios Category 3: Fee-paying non-discretionary portfolios Category 4: Non-fee paying non-discretionary portfolios Based on the requirements of the Global Investment Performance Standards (GIPS), for periods beginning on or after January 1, 2011, the firm's total assets are the aggregate of:
Which of the following elements of a financial statement is least likely to be directly related to the measurement of financial position?
By entering into a currency swap both parties:
ccording to Standard II-A ‘Material Non-Public Information’, if a member or candidate determines that information is material he should make reasonable efforts to:
Which of the following statements is most likely correct? Enterprise value:
Gilbert Love worked as financial analyst at Milton Securities. During his employment at Milton, Love covered Indigo Corp and developed detailed financial models, assumptions and supporting reports. When Milton switched his job, his new employer assigned him to analyze Indigo Corp. Milton developed a new model with improved assumptions and specifications and re-created the supporting records by gathering data from the covered company. Has Milton violated any CFA Institute Code and Standards?
At initiation, the values of a swap contract and a forward contract are most likely to be:
The value, at 6% interest, of a bond paying 8% annual coupon payments, redeemable at par in 5 years, with a $25,000 face amount is closest to:
When the price of the underlying is above the exercise price, a call option is:
Under which measurement scale is data categorized, but not ranked?
A primary motivation for investment in commodities is most likely the:
McKinney Alpha is an accredited research firm that only hires experienced and competent analysts offering them training and financial courses from time to time. The firm allows analysts to either prepare their own research or rely on secondary sources. Tyler Klein, an analyst at McKinney uses a research report prepared at Gemma Brokerage. If Klein will use that report, he will:
Identify the most appropriate explanation of ''channel stuffing''.
Sullivan Investments, an asset management firm, complied with the GIPS standards on 1 January 2006. Can Sullivan link its non-GIPS compliance performance for periods beginning on or after 1 January 2000 with its GIPS compliance performance?
A U.S. based firm has a position in a European bond for a par value of €50 million. For a 1 basis point increase in yield the market value of the investment changes to €49.85 million and for a 1 basis point decrease in yield investment value changes to €51.23 million. The price value of basis point for the investment is closest to:
If you were offered to invest your money at interest rate of 4% and can choose how it is compounded, which compounding frequency would yield the highest effective return?
In a positively skewed distribution:
The debt-to-assets ratio is most accurately classified as a:
CFA 1 - 25 Questions
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