Exam Code: CFA-LEVEL-1
Exam Name: CFA Level I Chartered Financial Analyst
Updated: Apr 30, 2024
Q&As: 3960
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The standard normal probability distribution is one which has:
A. a mean of 0 and any standard deviation
B. a mean of 0 and a standard deviation of 1
C. any mean and a standard deviation of 1
D. a mean of 1 and any standard deviation
E. none of these answers are correct
Which of the following is not true regarding the normal distribution?
A. It is symmetrical
B. It has a single peak
C. None of these answers
D. Mean, median and mode are all equal
E. The points of the curve meet the X-axis at z = -3 and z = 3
A sample of size 600 is drawn from a population. The sample mean equals 329. The total width of the 99% confidence interval for the population mean is 893. The estimated population variance equals ________.
A. 6.7
B. 4.9
C. 6.3
D. 7.3
Under an inflationary environment with stable inventories, a firm may change to LIFO from FIFO due to which of the following reason(s)?
I. To allow earnings manipulation.
II. To improve the reported current ratio.
III. To reduce tax drain on cash.
IV.
Show a more accurate representation of reported assets than FIFO.
A.
I, II, III and IV
B.
I and II
C.
I and III
D.
I, III and IV
Consider the following information for Company XYZ:
Current Price of Stock $35.00
Expected dividend in 1 Year $1.20
Growth rate 7.2%
Beta 1.6
Risk Free Rate 4.5%
Expected Market Return 15%
Marginal Corporate Tax rate 34%
Bond Yield 12.34%
Calculate this company's cost of retained earnings using the Discounted Cash Flow (DCF) method.
A. 10.63%
B. 11.52%
C. 13.30%
D. 9.20%
E. 12.0%
F. 21.30%
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