Tuesday, March 24, 2015

33 Free CFA Level 2 Mock Exam Questions and Answers on Fixed Income

Review these sample questions in 33 Free CFA Level 2 Mock Exam Questions and Answers on Fixed Income to help familiarize yourself with the CFA exam. It is a proven and effective way of learning a large amount of information in a short amount of time. Also, we have hundreds of free CFA practice questions arranged into mini practice tests which facilitates to see your score at the end by clicking the submit button. Moreover, we also help you to look over the incorrect/correct questions in red and green and so that you can learn from your mistakes. If possible, use the list below to get more information about the updated mock exams and practice exams. Do the test now and get invaluable experience from it!
To view full questions and answers, please kindly visit our site:  http://cfaexampreparation.com/886/33-free-cfa-level-2-mock-exam-questions-and-answers-on-fixed-income/

%P = (-)duration(YTM) + (0.5) convexity(YTM)^2
- excess spread, overcollateralization, waterfall structure- surety bonds, letters of credit, bank guarantees
Point at which market price risk and reinvestment risk offset each otherWeighted average of time until bond cash flows are paid
(1 + S2)^2 = (1 + S1)(1+1y1y)
coupon payments based on reference rate plus margin
1. Capacity - ability to repay loans2. Collateral3. Covenants4. Character - management, stategy, quality of earnings, treatment of bond holders
= CFO - Capital Expenditures - Dividends
zero-coupon bonds- make sure to distinguish Modified Duration for estimating price changes
excess spread, overcollateralization, waterfall structure
Change in a bond's price given a 1% change in YTM.
= PAR * (1 + YTM) ^ (t/T)
1) duration2) Yield Volatility (size of YTM change)Term structure of yield volatility - sizes of $YTM at various maturities- downward slope - when ST price volatility is greater than LT. (monetary policy)
outside any one country bonds denominated in currencies other than those of countries in which the bonds are sold
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1 comment:

  1. AnonymousJune 16, 2018 at 12:14 AM

    I’ve shared the practice questions and the link with my friend who is preparing for CFA exams. Practice questions like these are very helpful for students to get familiar with the exam. I’m preparing for LSAT and I have also been solving sample questions like these. Have joined one of the LSAT Courses that provide lots of study materials too.

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