[PDF] Top 20 CFA 2018 Level 2 Qesttion bank Simulations QBank

... 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

... 4. A is correct. The PV of the operating lease is: 5/(1.05) + 4/(1.05) 2 + 3(1.05) 3 = $10.98 million. Note: To calculate the PV we use lower of the fi rm’s financing rate or the interest rate implicit in the ... Lihat dokumen lengkap

... 2. Suppose the following quotes are available in the interbank market: USD/EUR = 1.3649/1.3651 and JPY/USD = 76.64/76.66. A dealer is quoting a rate of JPY/EUR = 104.66/104.68. Based on this information the most ... Lihat dokumen lengkap

... According to the regulatory capture theory, the regulator is often dominated by individuals who are closely connected with the industry they should be regulating.. In such situations the[r] ... Lihat dokumen lengkap

... 19.Consider the following investment and cash flows of JBX Company: Investment €200 million Depreciation Straight-line to zero Life 2 years Salvage value 0 Earnings before interest [r] ... Lihat dokumen lengkap

... LO.a: Explain the Modigliani–Miller propositions regarding capital structure, including the effects of leverage, taxes, financial distress, agency costs, and asymmetric information on [r] ... Lihat dokumen lengkap

... LO.e: Explain effective corporate governance practice as it relates to the board of directors and evaluate strengths and weaknesses of a company’s corporate governance practice.. 11.Co[r] ... Lihat dokumen lengkap

... The fair acquisition price of CMX based on the comparable transaction analysis is closest to: Valuation Variables CMX Comparable Companies LO.k: Evaluate a takeover bid and calculate t[r] ... Lihat dokumen lengkap

... 2. C is correct. FCFF represents cash flow generated by the operating assets of the business which is then used to pay debt holders, preferred stockholders and common shareholders. Hence Option A is incorrect. ... Lihat dokumen lengkap

... 2. A is correct. Homemade dividend is a concept used by MM in their argument for irrelevance of dividend policy. If a shareholder can do what a company does at no cost, i.e. create dividends by selling his shares, ... Lihat dokumen lengkap

... 8. Samia Ali, an analyst at Toplink Securities, is writing a research report on Engro Corporation. She shares sections of her report, exclusive of the recommendations, for verification of certain facts with the subject ... Lihat dokumen lengkap

... 35. Kayla Donovan, CFA, works as a portfolio manager for MacBrady Securities & Co. Some of her wealthy and large clients hold long positions on Swift Delivery, which is a courier service. After analyzing her ... Lihat dokumen lengkap

... Evaluating Quality Of Financial Report– Question Bank www.ift.world Copyright © IFT.. All rights reserved.[r] ... Lihat dokumen lengkap

... 1. By marketing the Paine Webber Short-Term US Government Fund as a low volatility investment, but then deviating from the Fund’s investment objective and investment policy without seeking client s’ approval, Mitchell ... 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

... LO.a: Describe the classification, measurement, and disclosure under International Financial Reporting Standards (IFRS) for 1) investments in financial assets, 2) investments in associates, 3) joint ventures, 4) ... Lihat dokumen lengkap

... The critical t-value for 58 degrees of freedom, a two-tailed test, and a 5 percent significance level is 2.00 Coefficients Standard Error Intercept 0.85 0.1 Slope 0.09 0.06 Using a 5[r] ... Lihat dokumen lengkap

... 2. A is correct. When the variable grows at a constant rate, the log-linear model is most appropriate. When the variable grows increases over time by a constant amount, a linear trend model is most appropriate. A ... Lihat dokumen lengkap

... An investment is NOT expected to yield abnormal positive returns when its market price is higher than its intrinsic value.. When market prices accurately reflect all information, investo[r] ... Lihat dokumen lengkap

... calculated can be used to estimate the required rate of return. A is incorrect because when the expected return is greater than the required return the stock is undervalued. B is incorrect because the required return is ... Lihat dokumen lengkap