The Morning Session of the 2009 Level III CFA Examination has 11 questions.
For grading purposes, the maximum point value for each question is equal to the
number of minutes allocated to that question.
RISK FACTORS RISK MEASUREMENT PROCESS (Worksheet 7b) PREPARED BY: DATE: INSTRUCTIONS: 1. Enter Year, Prepared By, and Date in appropriate Cells. 2. List Risk Factors in use F1.F10 by descriptions in Cells P2.P11. 3. Alter the weights in Cells C15.L15 to s
Fabozzi, Frank J. , Franco P. Modigliani, Frank J. Jones, Foundations of financial
markets and institutions, Chapter 13
Question 4 2
Fabozzi, Frank , J., Franco P. Modigliani, Frank J. Jones, Foundations of financial
markets and institutions,
17. What is the difference between a market-value-weighted index and an
equally weighted index?
1. How do order-driven
Leveraged Buyout (LBO) Model
To help us improve this model, please send your feedback to [email protected]
*Enter values in yellow cells.
Estimated Cost of Deal:
Curent Stock Price
INPUT SHEET: MERGER & LBO VALUATION
STEP 1: Estimate the total cost of the deal Price per share= # shares outstanding (mil)= Total cost of the deal= 201 21.9 6201.9 Debt outstanding currently (mil)= Other costs (Investmen
EFFECTS OF FINANCIAL LEVERAGE
Debt % Enter
Interest Rate on
Debt Enter Decimal
$5,000 and $50,000
Variable Cost Ratio
CHOOSING THE RIGHT VALUATION MODEL
This program is designed to help in choosing the right model to use for any occassion.
Inputs to the model Level of Earnings Are your earnings positive ? Yes (in currency) (Yes or No)
MP STAR FINANCIAL CASH FLOW MANAGEMENT SPREADSHEET - WEEKLY
Money values are for illustrative purposes. Be sure to insert your company's values. The embedded formulas will calculate your cash status.
Use extra lines to add and name your company's specific
NPV AND IRR RULES
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22
A B C NPV RULE FOR CAPITAL BUDGETING
Choose a project if it costs less than the PV of its cash flows. More generally: take a project if its Net Present Value is positive.
Add custom cash flows or create auto-generated cash flow series (uniform, gradient, and exponential series).
You can delete, copy, and insert new columns, but make sure the Sum column is correct after making changes.
The Net Present Value f
Enter parameters into blue cells
Determine Risk Aversion - Sigma
The risk aversion Sigma represents the level of risk the firm is willing to undertake.
Probability firm will experience fiscal distress in a decade =
The maximum all
60 Multiple choices 60 point, one point each
1. The Capital Allocation Line can be described as the
A) investment opportunity set formed with a risky asset and a risk-free asset.
Analysis of Inventories
1. Basic relationships: inventory and cost of
2. Three methods: FIFO; LIFO; Weightedaverage Cost
3. Comparison of three methods
4. Adjustment form LIFO to FIFO
5. Financial ratios: LIFO versus FIFO
Welcome to Economics 2015-16
Introductory Econometrics - Yan Fang
Learning econometrics is in many
ways like learning a new language.
To begin with, nothing makes sense
and it is as if it is impossible to see
through the fog created by all t
Forward Market Hedge
Money Market Hedge
Options Market Hedge
Cross-Hedging Minor Currency Exposure
Hedging Contingent Exposure
Hedging Through Invoice Currency
Hedging via Lead and Lag
Should the Fi
Computation of duration
Immunization using duration
Problems in applying duration
Duration measures the average life of an
asset or liability
Types of Swaps
Size of the Swap Market
The Swap Bank
Swap Market Quotations
Interest Rate Swaps
Variations of Basic Interest Rate and Currency
Risks of Interest Rate and Currency Swaps
Is the Swap Market Eff
T3: Capital Market History
CAPITAL MARKET HISTORY
The Historical Record
The Variability of Returns
More on Average Returns
Capital Market Efficiency
RISK, RETURN AND FINANCIAL MARKETS
RISK, RETURN AND FINANCIAL MARKETS
We can exami