[PDF] Top 20 2018 CFA Level 2 Study Note Book5

... Valuations are difficult for private equity funds because there is no ready secondary market for their investments. Additional issues with NAV calculations include the following: (1) the NAV will be stale if it is only ... Lihat dokumen lengkap

... 08/21/17 06/23/18 10 6 Hours Two parts of 3 Hours 18 10 Item Sets Morning 10 Item Sets Evening Study Seission No: I 1-­‐2 Month Week Dates Activity Study Session Reading Topics [r] ... Lihat dokumen lengkap

...  Susan Albright works as a fixed income analyst with Zedone Banks NA. She has been asked to value a $100 par, two-year, floating rate note that pays LIBOR set in arrears. The underlying bond has the same credit ... Lihat dokumen lengkap

... a senior portfolio manager and a member of the firm’s investment policy committee. Hightower has decided to leave Jason Investment and start his own investment management business. He has been careful not to tell any of ... Lihat dokumen lengkap

... 15. By adjusting terminal value using Scenario analysis = Adj. TV = (% prob. scenario 1 × expected E × expected P/E multiple) + (% prob. scenario 2 × expected E × expected P/E multiple) + … + (% prob. scenario n × ... Lihat dokumen lengkap

... Ø A 6% annual-pay bond, with par value of $1,000, is maturing in 3 years. Assume all rates are continuously compounded, using the information in the following table, calculate the present value of expected loss for the ... Lihat dokumen lengkap

... Net operating income (NOI) is expected to be level at $100,000 per year for the next five years because of existing leases. Starting in Year 6, the NOI is expected to increase to $120,000 because of lease ... Lihat dokumen lengkap

... Example 3: Evaluate Projects Under Capital Rationing Ø Omni Corporation has a $3,000 capital budget Investment Outlay NPV Profitability Index Project A 1,650 $700 1.42 Project B 1,[r] ... Lihat dokumen lengkap

... stated level of significance indicates that at least one of the coefficients is significantly different than zero, which is interpreted to mean that at least one of the independent variables in the regression ... Lihat dokumen lengkap

... 3. Analyst 1: While running a simulation, if there is a strong correlation across two inputs, we can pick only one of the two inputs. We can pick the input that has a bigger impact on value. Analyst 2: While ... Lihat dokumen lengkap

... ü Portfolio C assumed more active factor risk related to the style factors, but B assumed more active specific risk. It is also possible to infer from the greater level of B’s active specific risk that B is ... Lihat dokumen lengkap

... revenues of $20 million this year. Fixed capital investment was $2 million, and depreciation was $3 million. Working capital investment equals 7.5% of sales every year. Net income, fixed capital investment, ... Lihat dokumen lengkap

... Quantity of money Total spending Money supply × Velocity = Price × Real Output Velocity - Average number of times a unit of currency changes hands Monetarists believe that money is not[r] ... Lihat dokumen lengkap

... 1. A is correct. No CFA Standard precludes its members or candidates from joining a competing business. However, employees often have to sign non-compete agreements that prohibit them from taking part in certain ... Lihat dokumen lengkap

... 2. A is correct. Smithson complied with Standard V(A) – Diligence and Reasonable Basis. After he saw the meeting between the two heads of the companies, he carried out due diligence which involved a thorough ... Lihat dokumen lengkap

... smallest level of significance at which we can conclude that – ‘The quarters of the year effect is significant for explaining stock returns’ is ...5% level of significance we cannot conclude that the ... Lihat dokumen lengkap

...  Suppose, for example, that an investment has a dividend yield of 3.5 percent and that the average dividend yield across all stocks being considered is 2.5 percent. Further, suppose that the standard deviation of ... Lihat dokumen lengkap

... • Dornbusch overshooting model: in the short run, an increase in domestic money supply will lead to higher infl ation and the domestic currency will decline to a level lower than its PPP value; in the long run, as ... Lihat dokumen lengkap

... US GAAP VS IFRS Example of Periodic Pension Cost The following information is provided about the DB pension plan of a company: Ø Employer contributions $1,200 Ø Current service costs $[r] ... Lihat dokumen lengkap

... consists of long-term German debt instruments with 8.5 to 10.5 years to maturity. They are traded on the Eurex. Suppose the underlying 2% German bund is quoted at € 108 and has accrued interest of € 0.083 ... Lihat dokumen lengkap