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Zber Corp is evaluating whether to embark on a construction project. The project requires and initial investment of $20M, and a further $5M at the beginning of the 2nd and 3rd years. Upon completion at the end of the fifth year, the estimated selling price of the project is $50M. Determine the IRR of the project.
Zber Corp evaluates another project and found that its IRR is 14.5%. Under which scenario would the project be palatable to Zber corp?
Zber Corp evaluated two projects. Project A has an NPV of $45. Project B has an NPV of -$5.
If they are not mutually exclusive, which project should Zber Corp choose?
Chan paid $97,500 for a 200-day US T-bill with a face value of $100,000. Match the following figures to their correct yields.
Holding Period Yield
Bank Discount Yield
Money Market Yield
Effective Annual Yield
Sort these (highest at top) according to their calculated yield on the same T-bill with positive yield.
A T-bill with $100,000 face value was purchased at $98,500 with 100 days to maturity. Which of the following yields is closest to 1.5%?
A T-bill with 200 days to maturity has an effective annual yield of 5.8%. What is its money market yield?
Which of the following most likely is a characteristic of money weighted market return.
Robert opened an investment account and made an initial investment of $100,000. The account earned a return of 15% in the first year. At the beginning of the second year, Robert placed another $500,000 into the account. The account earned a return of 10% in the second year. The money weighted rate of return of the account is most likely:
At t=0, and investor buys a share of a stock at $400.
At t=1, he receives $20 dividend per share. He buys another 2 shares at $300 each.
At t=2, he receives $20 dividend per share. He sells all 3 shares at $350 each.
What is the MWRR and TWRR?
Zber Corp evaluated two projects. Project C has an IRR of 8.9%. Project D has an IRR of 18.2%.
If they are mutually exclusive, which project should Zber Corp choose?
The effective annual yield of a T-bill is 6%. What is its bond equivalent yield? (Round your answer to 1 decimal place)
Anita bought a bond for $928 and sells it 6 months later for $870. She received a coupon of $50 at the same time. What is the holding period return?
Why is the language of the Learning Outcome Statements (LOS) different from the curriculum?
The LOS are protected under the CFA Institute's copyright, and we don't have permission to duplicate them verbatim. Therefore, we've rephrased the LOS and included alphabetical labels (a, b, c, …) to simplify cross-referencing with the original LOS in the curriculum when needed.
Now available for all Level I topics! Try it now!
Enter a search term (e.g. ‘LIFO reserve’), or bookmark the glossary page!