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SchweserPro 2014 CFA Level I
Question 1 - 96252
A firm will not pay dividends until four years from now. Starting in year four dividends will be $2.20 per shar

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SchweserPro 2014 CFA Level I
Question 1 - 131594
An increase in which of the following factors would most likely improve a markets efficiency?
A) Restrictions

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SchweserPro 2014 CFA Level I
Question 1 - 95637
Which of the following is the best interpretation of the no-arbitrage principle?
A) There is no way you can fin

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SchweserPro 2014 CFA Level I
Question 1 - 95530
A stock is trading at $18 per share. An investor believes that the stock will move either up or down. He buys a

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SchweserPro 2014 CFA Level I
Question 1 - 95634
Which of the following is NOT an over-the-counter (OTC) derivative?
A) A futures contract.
B) A forward contrac

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SchweserPro 2014 CFA Level I
Question 1 - 96196
If a company can convince its suppliers to offer better terms on their products leading to a higher profit marg

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SchweserPro 2014 CFA Level I
Question 1 - 95946
What is the yield to call on a bond that has an 8% coupon paid annually, $1,000 face value, 10 years to maturit

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SchweserPro 2014 CFA Level I
Question 1 - 96128
What is the value of a 10-year, semi-annual, 8% coupon bond with a $1,000 face value if similar bonds are now
y

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SchweserPro 2014 CFA Level I
Question 1 - 96132
Georgia Corporation has $1,000 par value bonds with 10 years remaining maturity. The bonds carry a 7.5%
coupon

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SchweserPro 2014 CFA Level I
Question 1 - 131614
When constructing a peer group of firms, an analyst should least appropriately consider the firms:
A) industry

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SchweserPro 2014 CFA Level I
Question 1 - 147276
In the valuation of a real estate investment trust (REIT), subtracting the REITs liabilities from the value of

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SchweserPro 2014 CFA Level I
Question 1 - 95467
George Mote owns stock in IBM currently valued at $112 per share. Mote writes a call option on IBM with an
exer

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SchweserPro 2014 CFA Level I
Question 1 - 95750
Which of the following is least likely a characteristic of futures contracts? Futures contracts:
A) are traded

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SchweserPro 2014 CFA Level I
Question 1 - 95837
If a put feature expires on a bond so that it becomes option-free, then the curve depicting the price and yield

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SchweserPro 2014 CFA Level I
Question 1 - 154520
A purchase of a new bond issue by a single investor is most accurately described as a(n):
A) underwritten offe

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SchweserPro 2014 CFA Level I
Question 1 - 98236
Which of the following forms of the EMH assumes that no group of investors has monopolistic access to relevant

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SchweserPro 2014 CFA Level I
Question 1 - 95572
Currency swap markets consist of transactions in:
A) both spot and forward contracts.
B) the forward market onl

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SchweserPro 2014 CFA Level I
Question 1 - 97236
Which of the following is a general problem associated with external credit enhancements? External credit
enhan

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SchweserPro 2014 CFA Level I
Question 1 - 127371
A trading system that matches buyers and sellers based on price and time precedence is most likely a(n):
A) or

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SchweserPro 2014 CFA Level I
Question 1 - 95430
Which statement best reflects the risk exposure of an option buyer?
A) Unlimited risk.
B) Limited risk.
C) No r

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SchweserPro 2014 CFA Level I
Question 1 - 147149
The type of credit risk that is defined as the possibility that a borrower will fail to pay interest or repay

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SchweserPro 2014 CFA Level I
Question 1 - 97149
Which of the following is NOT an assumption behind efficient capital markets?
A) Market participants correctly

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SchweserPro 2014 CFA Level I
Question 1 - 95825
The price of a 90-day forward contract on a 90-day Treasury bill will be:
A) above the current price of a 90-da

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SchweserPro 2014 CFA Level I
Question 1 - 97102
Which of the following statements concerning the price volatility of bonds is most accurate?
A) Bonds with long

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SchweserPro 2014 CFA Level I
Question 1 - 95854
PG&E has a bond outstanding with a 7% semiannual coupon that is currently priced at $779.25. The bond has
remai

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SchweserPro 2014 CFA Level I
Question 1 - 96230
Which of the following statements about the constant growth dividend discount model (DDM) is least accurate?
A)

Century Pacific Food, Inc.
Assumptions Sheet
Items
Unit
Values
Dates
Model Start Date
Date of Incorporation
Revenue Assumptions
Quantity Growth Rates
Base Year Quantity
2016
2017
2018
2019
2020
2021
Base Year Price
Marine
Meat
Milk
Tuna Export
Coconut
Ave

2012
BALANCE SHEET
Current Assets
Cash and cash equivalents
Trade and other receivables - net
Financial assets at fair value through profit or loss (Short term Investments)
Inventories-net
Property development cost
Other current assets
Total Current Asset