[PDF] Top 20 CFA 2018 Level 2 Alternative Investments

... Last 12-months real estate NOI $270,432 Less: Non-cash rents - $7,667 Plus: Adjustment for full impact of acquisitions (1) + $4,534 Pro forma cash NOI for last 12 months = $267,299 Plus: Next 12 months growth in NOI ... 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

... Financial assets  Summary of reporting methods for minority passive investment Held-to-Maturity HTM Available-for-sale AFS Fair value through profit or loss Carrying valu[r] ... Lihat dokumen lengkap

...  Case 4 (Execution Only Responsibilities, New) Baftija Sulejman recently became a candidate in the CFA Program. He is a broker who executes client directed trades for several high net worth individuals. Sulejman ... Lihat dokumen lengkap

... Held-to-maturity investments are investments in financial assets with fixed or determinable payments and fixed maturities (only debt securities) that the investor has the positive intent and ability to hold ... Lihat dokumen lengkap

... Technical Analysis to Forecast Exchange Rates Ø Importance: ☆ Ø Content: • Central bank intervention and capital control • signes of a currency crisis • Technical analysis in forecast[r] ... Lihat dokumen lengkap

... Ø Two years ago, we entered a annual-reset €100M 7-year receive-fixed interest rate swap with fixed swap rate of 2%. The estimated PV factors are given in the following table. We know the current equilibrium fixed ... 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

...  1) FCFF: the cash flow available to all of the firm’s investors (stock holders and bondholders) after all operating expenses (including tax) have been paid and necessary investments in working capital and fixed ... Lihat dokumen lengkap

...  An economy’s growth rate will move towards its steady state regardless of the initial capital to labor ratio or level of technology. In the steady state, the growth rate in productivity (i.e., output per worker) ... Lihat dokumen lengkap

... Ø The minimum level of expected return that an investor requires over a specified time period, given the asset's riskiness. Ø It represents the opportunity cost for investment in the asset Ø It is therefore the ... Lihat dokumen lengkap

... its level and shape over her investment horizon, she would buy bonds with a maturity greater than her investment horizon (instead of bonds with maturities that exactly match her investment horizon) to enhance her ... Lihat dokumen lengkap

... Ø Test whether all regression coefficients are simultaneously equal to zero; or test whether the independent variables, as a group, help explain the dependent variable; or assess the effectiveness of the model, as a ... Lihat dokumen lengkap

... Iÿ / , ÿ -.5ÿ .ÿ / - ÿ ÿ .ÿ *50ÿ + 5ÿ . ÿ *ÿ H0 0ÿ + ÿ *ÿ <., J ÿ 4*ÿ *ÿ KILÿ 4.ÿ M#ÿ - 3 3 = ÿ )*ÿ KILÿ .+ , ÿ + + , ÿ N., ÿ ÿ 4.ÿ MOPÿ - 3 3 = ÿ Q, ÿ N., ÿ 'J ÿ *ÿ 5R + R <., ÿ /.3 ÿ H+ , ÿ + ÿ ÿ M%ÿ - 3 3 = ÿ ... Lihat dokumen lengkap

... investment of $0.30 million that would give management the flexibility to switch between coal, natural gas, and oil as an energy source. The original plant relied only on coal. The option to switch to cheaper sources of ... Lihat dokumen lengkap

...  Higher volatility of the benchmark rates used in a binomial tree, the computed value of a callable bond will be lower, therefore closer to its actual market price. The constant spread needs to be added to the benchmark ... Lihat dokumen lengkap

...  Suppose that the historical performance of the Fidelity Magellan and Vanguard Windsor mutual funds in Exhibits 2 and 3 are indicative of the future performance of hypothetical funds ―Fund I‖ and ―Fund II.‖ In ... 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

... its level and shape, then buying bonds with a maturity longer than the investment horizon would provide a total return greater than the return on a maturity-matching ... 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