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Free CFA-Level-I Exam Braindumps (page: 190)

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PDF with 3963 Questions

What is the present value today of these annual cash flows: <$10,000>, $5,000, $4,000, $3,000, $2,000? Assume the first cash flow occurs today and an interest rate of 8% per year, compounded annually. (Note that the <> are used to indicate a negative number).

  1. $1,910.54
  2. $2,045.10
  3. $2,110.45
  4. $2,380.01
  5. $4,000.00

Answer(s): A

Explanation:

You could solve this question using several different compound interest problems, but it is easier to solve them using the calculator's cash flow functions. On the BAII Plus, press CF 2nd CLRWork 10000 +/- ENTER DownArrow 5000 ENTER DownArrow DownArrow 4000 ENTER DownArrow DownArrow 3000 ENTER DownArrow DownArrow 2000 ENTER DownArrow DownArrow 2nd Quit. Then press NPV 8 ENTER DownArrow CPT. On the HP12C, press these keys: 10000 CHS BlueShift CFo 5000 BlueShift CFj 4000 BlueShift CFj 3000 BlueShift CFj 2000 BlueShift CFj. Then press 8 i, YellowShift NPV. The "DownArrow" represents the downward-pointing arrow on the top row of the BAII Plus keyboard.



The number of work stoppages in a highly industrialized region for selected months are: 6, 0, 10, 14, 8 and 0.
What is the median number of stoppages?

  1. 7
  2. 8
  3. 0
  4. 6
  5. None of these answers

Answer(s): A

Explanation:

Order the observations: 0,0,6,8,10,14. The median is (6 + 8)/2 = 7



Which of the following is not one of the five steps in the hypothesis testing procedure?

  1. Identify the test statistic
  2. All of these answers are part of the five steps
  3. Select a level for beta
  4. State the null and alternate hypothesis
  5. Formulate a decision rule

Answer(s): C

Explanation:

The beta is determined by our choice of the decision rule and significance level. It is not determine on the outset.



How much must you deposit today if you wish to have $60,000 in 10 years, assuming that interest accumulates at 10%, compounded annually?

  1. $20,153.37
  2. $21,500.00
  3. $9,143.39
  4. $26,474.73
  5. $23,132.60

Answer(s): E

Explanation:

On the BAII Plus, press 10 N, 10 I/Y, 0 PMT, 60000 FV, CPT PV. On the HP12C, press 10 n, 10 i, 0 PMT, 60000 FV, PV. Note that the answer is displayed as a negative number.






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