2013 CFA Level 1 - Book 4

2013 CFA Level 1 - Book 3

... 18 2 2 91 32 2 32 9 33 4 SCHWESERNOTES™ 2 0 13 CPA LEVEL I BOOK 3: FINANCIAL REPORTING AND ANALYSIS ©20 12 Kaplan, Inc All rights reserved Published in 20 12 by Kaplan Schweser ... by Kaplan Schweser Printed in the United States of America ISBN: 978 -1 -4 27 7-4 26 7-4 I 1- 427 7-4 26 7-7 PPN: 32 0 0-2 846 If this book does not have the hologram with the Kaplan Schweser logo on the ... (Long-Term) Liabilities page 18 2 page 204 page 230 page 256 STUDY SESSION 10 Reading Assignments Financial Reporting and Analysis, CPA Program 2 0 13 Curriculum, Volume (CPA Institute, 2 012 ) 33 Financial...

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2013 CFA Level 1 - Book 4

... NCF -2 ,000 910 6 61 4 51 137 Cumulative DNCF -2 ,000 -1 ,090 -4 29 22 15 9 Net Cash Flow -2 ,000 200 600 800 1, 200 Discounted NCF -2 ,000 82 49 6 6 01 820 Cumulative DNCF -2 ,000 - ,8 - ,322 -7 21 99 Answer: ... flows8 = PI B = $2,098.36 $2,000 = 200 (1 1) + = $2 ,15 7. 64 + + + -4 = $2,098.36 600 (1. 1) 600 (1 1)3 + 200 (1 1) 800 (1 1) 1, 200 (1 1) 049 Decision: If projects A and B are independent, ... E), is 21( 2 + 1) = 213 , and the weight for equity, EI(D + E), is 1( 2 + 1) = 13 The appropriate WACC for the project is therefore: - (1 1.762%) +- ( 14 % ) (1 - 0 .4) = 9.52% 3 Page 44 ©2 012 Kaplan,...

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2013 CFA Level 1 - Book 5

... quote of 10 2 -5 (sometimes 10 2 :5) is 10 2% plus 1. _ % of par, which for a $10 0,000 face value T-bond, translates to a price of: [10 2 ;2 ] o/o $10 0,000 1. 0 2 15 6 25 X $10 0,000 $10 2 ,1 56 . 25 32 + X = ... Figure Price-Yield Curves for Callable and Noncallable Bonds Pr ice call pnce 3: call op rion value � j t - ��: :- - - - - - - - T - - - - i - � - , callable bond value o roo-fc" bood ... change is -8 .5 0.39% = -3 . 3 15 % Since the yield the price will decrease by this The new price is (1 - 0.03 3 15 ) $1, 034 .50 = $1, 000.2 x increased, percentage x LOS 53 .g: Describe yield-curve risk...

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2013 CFA Level 1 - Book 2

... elasticity = -1 . 0 - - - - � - - - - � - - - - � - - - - - - - - - - - � - - - - ' I I I I I I I I I I I I I I I I I I I I - - - - r - - - - r - - - - r - - - - ,- - - - -, - - - - , - - - - - - T I ... U(C) ] Figure 2: Properties of Indifference Curves (a) Indifference Curves Slope Downward Units of Good Y :' - - - - :' - - - - - - - - - - - - - :' - - - - - ! 1 : -' : ' ' - ' ' � Units ... is: 0o gas = 10 7,500 - 12 ,500Pgas + 20 01 + 1, 20 0P8T - IOOPauto Inserting the values given, we have: Qo gas = 10 7,500 - 12 ,500Pgas + 20 0 50 + 1, 20 0 20 - 10 0 30 Qogas = 13 8,500 - 12 ,500Pgas X X...

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2013 CFA level 2 - book 3

... INVESTMENTS LEVEL 20 i12hed ina20 1I2nc.byAlKaplir gan Schweser Kapl n, res Publntesd in the United States of America Pri 97 8-1 - 427 7- 424 5 -2 I 1- 427 7- 424 5-6 ISBN: 32 0 0 -2 8 51 PPN: If this book does ... debt-to-equity ratio of2 to , there is 2/ 3 66.7% debt and 1 /3 33. 3% equity Then, W ACC 0.667 x ( - 0 .3) x 8o/o + 0 .33 3 x 0o/o 7.07% = risk-free return + �j x (equity risk premium) = = Page 42 = ... 1 2- Equity Investments: Valuation Models Self-Test - Equity Investments Formulas lndex 43 106 26 6 27 1 27 6 SCHWESERNOTES™l2013htsCFAerved I BOOK 3: ...

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2013 CFA level 2 - book 5

... forward price $0.30 = $0 .29 92 0 52 0 / 3 65 FP = ($30.00 - $0 .29 92) x 05 6013 65 = $29 .94 PVD = B V(long posmon) = $21 .00 0 V(short position) = + $8. 85 [ ] $29 .94 = - $8. 85 1. 05 23 13 65 C The actual (unannualized) ... by Kaplan Schweser Printed in the United States of America ISBN: 97 8-1 - 427 7- 426 1 -2 I 1- 427 7- 426 1-8 PPN: 320 0 -2 8 53 If this book does not have the hologram with the Kaplan Schweser logo on the ... today This is the current 90-day forward rate at the settlement date, 20 days from now ( ( llO ) ) + 0. 059 X -; - -6 0 - X 360 = 0. 059 25 68 - - 3-7 20 90 + o. 057 x 360 Step 2: Calculate the interest...

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2013 CFA level 2 - book 4

... by Kaplan Schweser Printed in the United States of America ISBN: 97 8-1 - 42 7 7- 42 4 9-0 I 1- 42 7 7- 42 4 9-9 PPN: 320 0 -2 8 52 If this book does not have the hologram with the Kaplan Schweser logo on the ... + 720 ,000 -4 50,000 +27 0,000 $9, 540 ,000 40 ,000 $23 8.50 30,000 $4, 500,000 -9 0,000 $8,000,000 +40 0,000 +45 0,000 +40 5,000 5 ,26 5,000 20 ,000 $26 3 .25 +48 0,000 $8,880,000 35,000 $25 3.71 $25 82 $7,5 54, 600 ... Volume 5, Level II (CPA Institute, 20 12) 45 Mortgage-Backed Sector of the Bond Market 46 Asset-Backed Sector of the Bond Market 47 Valuing Mortgage-Backed and Asset-Backed Securities 20 12 Kaplan,...

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2013 CFA level 2 book 2

... 3, Level II (CFA Institute, 20 12) 25 Capital Budgeting 26 Capital Structure 27 Dividends and Share Repurchases: Analysis Corporate Finance, 20 12 Kaplan, Inc page 22 6 page 27 3 page 29 2 Page Book ... 22 6 318 387 391 396 SCHWESERNOTES™ 20 13 CFA LEVEL II BOOK 2: FINANCIAL REPORTING AND ANALYSIS AND CORPORATE FINANCE 20 12 Kaplan, Inc All rights reserved Published in 20 12 by Kaplan ... for 20 X6 and 20 X5, respectively Add LIFO reserve of $ 00 and $90 for 20 X6 and 20 X5, respectively Add LIFO reserve (net of tax) of $79 and $ 72 for 20 X6 and 20 X5, respectively Page 22 20 12 Kaplan,...

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Tài liệu Hướng dẫn ôn thi CFA Level 1 2010 Phần 10 doc

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