[Apr 10, 2022] CFA-Level-I PDF Questions and Testing Engine With 2200 Questions [Q112-Q129]

NEW QUESTION 112
As sample size increases,

NEW QUESTION 113
What monthly payment is required over the next 48 months to pay off a $10,000 debt today, if interest is charged at 14% per year, compounded monthly?

NEW QUESTION 114
Variable X is distributed normally and has a mean of 10. If the probability that an observation of X will be negative is 0.16, what is the coefficient of variation of X?

NEW QUESTION 115
An individual asset’s relative systematic risk is calculated based on the:

NEW QUESTION 116
Consider the following information about a fund. The fund has been in existence for 3 years. Over this period it has achieved a mean monthly return of 3% with a sample standard deviation of monthly returns of 5%. It was expected to earn a 2.5% mean monthly return over the 3-year period.
Which test statistic do we use for conducting a test of the hypotheses?

NEW QUESTION 117
A portfolio consists of 2 bonds:
Bond | Maturity | Coupon | Duration | Proportion in Portfolio
Bond A | 10 years | 8% | 6.7 | 60% Bond B | 7 years | 5.2% |3.9 | 40%
If the yield on Bond A increases by 54 basis points and the yield on Bond B decreases by 79 basis points, compute the percentage change in portfolio value.

NEW QUESTION 118
Using extraordinary long depreciable lives for assets is an example of

NEW QUESTION 119
Bramley Company has declared a 20% stock dividend. At the close of trading just prior to going ex-dividend, Bramley was at $50 per share. At the open of trading on the ex-date, the price will be closest to

NEW QUESTION 120
Assume the Canadian demand elasticity for imports equals 0.2, while the foreign demand elasticity for
Canadian exports equals 0.3. Responding to a trade deficit, suppose the Canadian dollar depreciates by
2 0 percent. For Canada, the depreciation would lead to a (an):

NEW QUESTION 121
John MacDaniel, CFA, is a trust officer for Confederation Trust Company. MacDaniel has been using
Joe Stein, a broker, almost exclusively for trust account brokerage transactions. For those stocks in which
Stein’s firm makes a market, Stein has been giving MacDaniel lower prices for personal purchases and higher prices for personal sales than he has given MacDaniel’s trust accounts and other investors.
John’s actions violate which of the following CFA Institute’s Standards of Professional Conduct:
I). Standard III (B) Fair Dealing and Standard III (C) Suitability.
II). Standard IV (B), Additional Compensation Arrangements.
III). Standard I (B), Independence and Objectivity
IV). Standard III (A), Loyalty, Prudence and Care.

NEW QUESTION 122
______ ADRs are used to raise capital on U.S. market.

NEW QUESTION 123
Average income increases from $20,000 p.a. to $22,000 p.a. Quantity demanded per year increases from 5000 to 6000 units. Which of the following is correct?

NEW QUESTION 124
A property can be purchased for $180,000. The investor provides 20% as owner’s equity and borrows the remainder at 8.50% p.a. The investor sells the property for $170,000 in one year. What is the rate of return to the investor? (Ignore costs associated with real estate transactions.)

NEW QUESTION 125
An investor seeking to capitalize on a strong market upswing reduces her money market holdings and greatly increases her holdings of stocks. This investor is primarily increasing:

NEW QUESTION 126
Which of the following is LEAST accurate with the respect to why domestically listed firms choose to be listed abroad?

NEW QUESTION 127
You are in an office in the U.S. and a colleague is trading for himself in advance of clients. You should

NEW QUESTION 128
The firm’s short-run supply curve is:

NEW QUESTION 129
An investment banking department of a brokerage firm often receives material nonpublic information that could have considerable value if used in advising the firm’s brokerage clients. In order to conform to the Code and Standards, which of the following is the best policy for the brokerage firm?