CFA-Level-I Exam Question 116
You are the Senior Analyst at an Investment Bank who is in the process of underwriting a firm's primary stock offering. However, through in depth analysis, you discover that the Firm whose stock your firm is underwriting is experiencing severe cash flow problems that could lead to it going insolvent. This fact is NOT mentioned in the prospectus. What should you do?
CFA-Level-I Exam Question 117
A 7-year bond is selling for $89.78. The coupon is 7%, with payments being made semiannually, and the market required yield is 9%. If the market required yield drops to 8%, what will the amount of discount be?
CFA-Level-I Exam Question 118
Which of the following can be considered as unusual or infrequent items?
I). Gains or losses from disposal of a portion of a business segment. II Gains or losses from sales of assets
II). Gains or losses from sales of assets.
III). Provisions for environmental remediation.
IV). Impairments and write-offs.
I). Gains or losses from disposal of a portion of a business segment. II Gains or losses from sales of assets
II). Gains or losses from sales of assets.
III). Provisions for environmental remediation.
IV). Impairments and write-offs.
CFA-Level-I Exam Question 119
A confidence interval was used to estimate the proportion of American new car owners who purchased domestic cars. A random sample of 58 new car owners generated the following 90% confidence interval:0.376, 0.426.Based on the interval given, does the mean population proportion of new car owners who purchased domestic cars exceed 39%?
CFA-Level-I Exam Question 120
An analyst is reviewing the following quotes from around the world:
In New York: $1 = Y(JPY)120. In Tokyo: AU$1 (Australian Dollar) = Y(JPY)60. In Sidney: $1 = AU$2.3.
What is the true cross rate between the AU$ and the Y(JPY)?
In New York: $1 = Y(JPY)120. In Tokyo: AU$1 (Australian Dollar) = Y(JPY)60. In Sidney: $1 = AU$2.3.
What is the true cross rate between the AU$ and the Y(JPY)?