Free CFA-Level-I Questions for CFA Institute CFA Level I Chartered Financial Analyst CFA-Level-I Exam as PDF & Practice Test Engine

A cumulative frequency distribution on days absent during a calendar year by employees of a manufacturing company is shown below.

How many employees were absent more than five days?

Ben Nagler wants to purchase a bond and has narrowed his selection down to two choices. He is indifferent between holding a bond for 13 periods or 18 periods. He knows the spot rates for each bond but wants to compute the 5f13 . What is the 5 period forward rate 13 periods from now assuming a spot rate of 5.0127% for 13 periods and another spot rate of 5.2350% in 18 periods?

Which of the following statements is correct?

Which of the following statements is (are) true with respect to the relation between a statistical decision and an economic decision?
I). Both methods of analysis should lead to the same conclusion.
II). Once the null hypothesis has been accepted using statistical methods, the analyst should not override that conclusion.
III When both a statistical analysis and an economic analysis support the same conclusion it would be very imprudent to reject
III). When both a statistical analysis and an economic analysis support the same conclusion, it would be very imprudent to reject that conclusion.
IV). If both methods of analysis lead to different conclusions, the proper course of action would be to run the statistical analysis again using a different confidence interval.

Consider the following data: 1, 7, 3, 3, 6, 4 The mean and median for this data are:

Why is systematic risk considered important?

Bramley Company has declared a 20% stock dividend. At the close of trading just prior to going ex-dividend, Bramley was at $50 per share. At the open of trading on the ex-date, the price will be closest to

Based on traditional measures, a security is an overbought security if:

Deerfield Industries has just issued 5% annual coupon bonds with a face value of 75,000,000 at a market yield of 4.75%. The bonds have a 10 year maturity. How much interest expense and CFO will
Deerfield report for the first year?

The Allen Corporation had 100,000 shares of common stock outstanding at the beginning of the year.
Allen issued 30,000 shares of common May 1. On July 1, the company issued a 10 percent stock dividend.
On September 1, Allen issued 1,000, 10 percent bonds convertible into 21 shares of stock each. What is the weighted average number of shares to be used in computing basic and diluted earnings per share
(EPS) respectively, assuming the convertible bonds are dilutive?

Features of a firm's technology that lead to falling long-run average cost as output increases are

Municipal securities:

An analyst examines many different pieces of nonpublic, nonmaterial information regarding a firm and comes to a significant conclusion. According to the ______ theory, the analyst can act on this conclusion.

The variance of a portfolio of risky securities is