Quantitative Methods 21 33-44 Economics 18 45-68 Financial Statement Analysis 36 69-76 Corporate Finance 12 77-88 Equity Investments 18 89-94 Derivative Investments 9 95-106 Fixed Income Investments 18 107-110 Alternative Investments 6 111-120 Portfolio Management 15 Total: 180 By accessing this mock exam, you agree to the following terms of use: This mock exam is provided to currentlyregistered CFA candidates.
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Foundations of Financial Markets and Institutions, 4e (Fabozzi/Modigliani/Jones) Chapter 9 Properties and Pricing of Financial Assets Multiple Choice Questions 1 Properties of Financial Assets 1) Which of the below is NOT one of the eleven properties of financial assets? A) moneyness B) multiplicity and denomination C) reversibility D) cash flow Answer: B Comment: The eleven properties of financial assets are (1) moneyness, (2) divisibility and denomination, (3) reversibility, (4) cash flow, (5)
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2. The lower price for a firm’s shares means that it can raise a smaller amount of funds, so investment in facilities and equipment will fall. 3. Higher stock prices mean that consumers’ wealth is higher, and they will be more likely to increase their spending. 4. They channel funds from people who do not have a productive use for them to people who do, thereby resulting in higher economic efficiency. 5. The United States economy was hit by the worst financial crisis since
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for mergers to lead to declines in small-business lending. IN THIS PAPER, I TAKE UP the following question: How does organization design inf luence the process by which capital is allocated to competing investment projects? I contrast two basic organizational forms. The first is “decentralization,” in which small, single-manager firms choose between relatively few projects. The second is “hierarchy,” in which large firms with multiple layers of management evaluate many projects. The goal is to understand
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.............xi Course Objectives ...................................................................................xiv The Workbook...........................................................................................xv Unit 1: Financial Statement Analysis Introduction...............................................................................................1-1 Unit Objectives ........................................................................................1-1 Balance Sheet....
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.............xi Course Objectives ...................................................................................xiv The Workbook...........................................................................................xv Unit 1: Financial Statement Analysis Introduction...............................................................................................1-1 Unit Objectives ........................................................................................1-1 Balance Sheet....
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Solutions to Lectures on Corporate Finance, Second Edition Peter Bossaerts and Bernt Arne Ødegaard 2006 Contents 1 Finance 2 Axioms of modern corporate finance 3 On Value Additivity 4 On the Efficient Markets Hypothesis 5 Present Value 6 Capital Budgeting 7 Valuation Under Uncertainty: The CAPM 8 Valuing Risky Cash Flows 9 Introduction to derivatives. 10 Pricing Derivatives 11 Pricing of Multiperiod, Risky Investments 12 Where To Get State Price Probabilities? 13 Warrants 14 The Dynamic Hedge
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Barbee Lake says, “This is a non-profit organization, wasn’t planned to be – it just worked out that way.” Well, actually it was planned to be a non-profit enterprise in this case. The professor also wishes to acknowledge the fact that several students have proposed changes, improvements, caught errors, and helped to make this document more useful as a learning tool. Naturally, any errors of omission or commission are those of the professor alone. i Introduction & Use of Guide This Course Guide
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......... 24 Chapter Ten: Index Models: ............................................................................................. 28 Chapter Eleven: Arbitrage Pricing Theory and multifactor models of risk and return .... 32 Chapter Twelve: Market Efficiency and Behavioral Finance........................................... 35 Chapter Fourteen: Bond prices and yields ........................................................................ 43 Chapter Fifteen: The Term Structure of Interest
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(Rapporteur) e Directeur de Recherche au C.N.R.S., Universit´ de Toulouse 1 e Directeur de Recherche au C.N.R.S., Universit´ de Toulouse 1 e Remerciements J’ai ` l’´gard de Jean Tirole un dette incommensurable : pour l’accueil chaleureux dont il m’a fait b´n´ficier ` a e e e a chacune de mes venues ` Toulouse, pour l’incroyable richesse des discussions que nous avons pu avoir tout au long a du d´veloppement de cette th`se, pour le soutien qu’il m’a toujours apport´ et pour l’extraordinaire qualit´ de ses
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