Answers to Test Your Investment Quotient Questions

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1-9 a. 1-10 d. 1-11 d. 1-12 d. 1-13 d. 1-14 a (Source: 2003 Level I CFA. Practice Exam © 2003). 1-15 b ... Answers to Test Your Investment. Quotient Questions. 1  ...
First Pages

APPENDIX A

Answers to Test Your Investment Quotient Questions Chapter 1

Chapter 3

Chapter 6

1-1

3-1

6-1

1-2 1-3 1-4 1-5 1-6 1-7 1-8 1-9 1-10 1-11 1-12 1-13 1-14 1-15

b (Source: 1994 Level I CFA Study Guide © 1994) b (Source: 2001 Level I CFA Practice Exam © 2001) c (Source: 2001 Level I CFA Practice Exam © 2001) b (Source: 2001 Level I CFA Practice Exam © 2001) b (Source: 2003 Level I CFA Practice Exam © 2003) c (Source: 1994 Level I CFA Study Guide © 1994) d a a d d d d a (Source: 2003 Level I CFA Practice Exam © 2003) b (Source: 2001 Level I CFA Practice Exam © 2001)

Chapter 2 2-1 2-2 2-3 2-4 2-5 2-6 2-7 2-8 2-9 2-10 2-11 2-12 2-13 2-14 2-15

d c c b (Source: 1994 Level I CFA Study Guide © 1994) c (Source: 2003 Level I CFA Practice Exam © 2003) a (Source: 2003 Level I CFA Practice Exam © 2003) a (Source: 2003 Level I CFA Practice Exam © 2003) b b a d b d c (Source: 1994 Level I CFA Study Guide © 1994) a (Source: 1994 Level I CFA Study Guide © 1994)

3-2 3-3 3-4 3-5 3-6 3-7 3-8 3-9 3-10 3-11 3-12 3-13 3-14 3-15

a (Source: 2003 Level I CFA Practice Exam © 2003) c (Source: 2003 Level I CFA Practice Exam © 2003) c c b b b a c b a a c c d

6-2 6-3 6-4 6-5 6-6 6-7 6-8 6-9 6-10

Chapter 4

6-11

4-1 4-2 4-3 4-4 4-5 4-6 4-7 4-8 4-9 4-10

6-12 6-13

d a c a c b c c d c (Source: 2003 Level I CFA Practice Exam © 2003)

Chapter 5 5-1

c (Source: 2001 Level I CFA Practice Exam © 2001) 5-2 b 5-3 d 5-4 d 5-5 d 5-6 d 5-7 a 5-8 b 5-9 a 5-10 d

a (Source: 1986 Level I CFA Study Guide © 1986) b (Source: 1986 Level I CFA Study Guide © 1986) c c (Source: 2003 Level I CFA Practice Exam © 2003) a (Source: 2003 Level I CFA Practice Exam © 2003) b (Source: 1991 Level I CFA Study Guide © 1991) c (Source: 1991 Level I CFA Study Guide © 1991) a (Source: 1991 Level I CFA Study Guide © 1991) a (Source: 1991 Level I CFA Study Guide © 1991) b (Source: 1990 Level I CFA Study Guide © 1990) c (Source: 1990 Level I CFA Study Guide © 1990) d c

Chapter 7 7-1 7-2

c a (Source: 1994 Level I CFA Study Guide © 1994) 7-3 a (Source: 1998 Level I CFA Practice Exam © 1998) 7-4 a (Source: 1994 Level I CFA Study Guide © 1994) 7-5 b (Source: 1994 Level I CFA Study Guide © 1994) 7-6 b (Source: 1994 Level I CFA Study Guide © 1994) 7-7 c (Source: 1994 Level I CFA Study Guide © 1994) 7-8 d (Source: 1994 Level I CFA Study Guide © 1994) 7-9 c (Source: 1998 Level I CFA Practice Exam © 1998) 7-10 d 7-11 c 7-12 c (Source: 1994 Level I CFA Study Guide © 1994)

1

jor79804_AppA.indd 1

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First Pages

2

Appendix A

7-13 a (Source: 1991 Level I CFA Study Guide © 1991) 7-14 a (Source: 1994 Level I CFA Study Guide © 1994) 7-15 d 7-16 d 7-17 c 7-18 c (Source: 1998 Level I CFA Study Guide © 1998) 7-19 c (Source: 2001 Level I CFA Practice Exam © 2001) 7-20 c (Source: 2001 Level I CFA Practice Exam © 2001)

Chapter 8 8-1 8-2 8-3 8-4 8-5 8-6 8-7 8-8 8-9 8-10 8-11 8-12 8-13

d (Source: 2003 Level I CFA Practice Exam © 2003) c (Source: 2001 Level I CFA Practice Exam © 2001) d d c a d c c d b d d

Chapter 9 9-1 9-2 9-3 9-4 9-5 9-6 9-7 9-8 9-9 9-10 9-11 9-12 9-13 9-14 9-15

d (Source: 1994 Level I CFA Practice Exam © 1994) c d b a b c a d b c b c b d

Chapter 10 10-1 10-2 10-3 10-4

b a d d (Source: 1988 Level I CFA Study Guide © 1988) 10-5 b 10-6 a 10-7 c

jor79804_AppA.indd 2

10-8 c (Source: 1991 Level I CFA Study Guide © 1991) 10-9 b (Source: 2001 Level I CFA Practice Exam © 2001) 10-10 a (Source: 2001 Level I CFA Practice Exam © 2001) 10-11 a 10-12 d (Source: 1993 Level I CFA Study Guide © 1993) 10-13 a (Source: 1988 Level I CFA Study Guide © 1988) 10-14 b (Source: 1989 Level I CFA Study Guide © 1989) 10-15 a (Source: 1992 Level I CFA Study Guide © 1992) 10-16 b 10-17 c 10-18 d (Source: 1994 Level I CFA Study Guide © 1994) 10-19 d (Source: 1998 Level I CFA Practice Exam © 1998)

Chapter 11 11-1 b (Source: 1993 Level I CFA Study Guide © 1993) 11-2 c (Source: 1989 Level I CFA Study Guide © 1989) 11-3 d (Source: 1992 Level I CFA Study Guide © 1992) 11-4 a 11-5 a 11-6 b (Source: 1991 Level I CFA Study Guide © 1991) 11-7 a (Source: 1991 Level I CFA Study Guide © 1991) 11-8 a (Source: 1998 Level I CFA Practice Exam © 1998) 11-9 b (Source: 1992 Level I CFA Study Guide © 1992) 11-10 c (Source: 1992 Level I CFA Study Guide © 1992) 11-11 a (Source: 1994 Level I CFA Study Guide © 1994) 11-12 a 11-13 c (Source: 1988 Level I CFA Study Guide © 1988) 11-14 c (Source: 1990 Level I CFA Study Guide © 1990) 11-15 c (Source: 1992 Level I CFA Study Guide © 1992) 11-16 a (Source: 1991 Level I CFA Study Guide © 1991) 11-17 a (Source: 1992 Level I CFA Study Guide © 1992) 11-18 b (Source: 1992 Level I CFA Study Guide © 1992) 11-19 a (Source: 1992 Level I CFA Study Guide © 1992) 11-20 d (Source: 2003 Level I CFA Practice Exam © 2003) 11-21 b

11-22 a 11-23 c 11-24 c (Source: 2003 Level I CFA Practice Exam © 2003) 11-25 c (Source: 2003 Level I CFA Practice Exam © 2003)

Chapter 12 12-1 d (Source: 1994 Level I CFA Study Guide © 1994) 12-2 a 12-3 a 12-4 d 12-5 b 12-6 b 12-7 b 12-8 c 12-9 d 12-10 d 12-11 d 12-12 a 12-13 b (Source: 2003 Level I CFA Practice Exam © 2003) 12-14 a (Source: 2003 Level I CFA Practice Exam © 2003) 12-15 b (Source: 2003 Level I CFA Practice Exam © 2003)

Chapter 13 13-1 b (Source: 1994 Level I CFA Study Guide © 1994) 13-2 a (Source: 1994 Level I CFA Study Guide © 1994) 13-3 b (Source: 1994 Level I CFA Study Guide © 1994) 13-4 c 13-5 a 13-6 b 13-7 b 13-8 d 13-9 c (Source: 1994 Level I CFA Study Guide © 1994) 13-10 c 13-11 d 13-12 a 13-13 d 13-14 b 13-15 c

Chapter 14 14-1 14-2 14-3 14-4

a c d c (Source: 2003 Level I CFA Practice Exam © 2003) 14-5 c 14-6 b (Source: 1992 Level I CFA Study Guide © 1992)

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First Pages



Appendix A

14-7 d 14-8 a 14-9 a (Source: 1990 Level I CFA Study Guide © 1990) 14-10 c (Source: 1994 Level I CFA Study Guide © 1994) 14-11 a 14-12 b (Source: 1993 Level I CFA Study Guide © 1993) 14-13 a (Source: 1993 Level I CFA Study Guide © 1993) 14-14 b (Source: 1991 Level I CFA Study Guide © 1991) 14-15 d 14-16 a (Source: 2003 Level I CFA Practice Exam © 2003) 14-17 d (Source: 2003 Level I CFA Practice Exam © 2003) 14-18 c (Source: 2003 Level I CFA Practice Exam © 2003)

Chapter 15 15-1 15-2 15-3 15-4

a d c a (Source: 1992 Level I CFA Study Guide © 1992) 15-5 d (Source: 1990 Level I CFA Study Guide © 1990) 15-6 a (Source: 1989 Level I CFA Study Guide © 1989) 15-7 a (Source: 1993 Level I CFA Study Guide © 1993) 15-8 b (Source: 1998 Level I CFA Study Guide © 1998) 15-9 d 15-10 a 15-11 c 15-12 d 15-13 a 15-14 b 15-15 b

Chapter 16 16-1 d 16-2 a 16-3 d (Source: 1993 Level I CFA Study Guide © 1993) 16-4 a (Source: 1999 Level I CFA Practice Exam © 1999) 16-5 c 16-6 d (Source: 2003 Level I CFA Practice Exam © 2003) 16-7 c (Source: 2003 Level I CFA Practice Exam © 2003) 16-8 d 16-9 a 16-10 d 16-11 d (Source: 1993 Level I CFA Study Guide © 1993)

jor79804_AppA.indd 3

3

16-12 b 16-13 b 16-14 b 16-15 d 16-16 c 16-17 a 16-18 d

Chapter 17 17-1 b (Source: 1999 Level I CFA Practice Exam © 1999) 17-2 b 17-3 d 17-4 c 17-5 a 17-6 a 17-7 c 17-8 b 17-9 a 17-10 a 17-11 b 17-12 c 17-13 c 17-14 b (Source: 1994 Level I CFA Practice Exam © 1994) 17-15 c (Source: 1994 Level I CFA Practice Exam © 1994) 17-16 b (Source: 1994 Level I CFA Practice Exam © 1994) 17-17 a (Source: 1994 Level I CFA Practice Exam © 1994) 17-18 b (Source: 1994 Level I CFA Practice Exam © 1994) 17-19 c 17-20 d

Chapter 18 18-1 d (Source: 1990 Level I CFA Practice Exam © 1990) 18-2 c (Source: 1988 Level I CFA Practice Exam © 1988) 18-3 a (Source: 1989 Level I CFA Practice Exam © 1989) 18-4 c (Source: 1990 Level I CFA Practice Exam © 1990) 18-5 c (Source: 1998 Level I CFA Practice Exam © 1998) 18-6 a 18-7 b (Source: 1991 Level I CFA Practice Exam © 1991) 18-8 a 18-9 b (Source: 2003 Level I CFA Practice Exam © 2003) 18-10 b 18-1l c (Source: 1992 Level I CFA Practice Exam © 1992) 18-12 a (Source: 1989 Level I CFA Practice Exam © 1989) 18-13 d (Source: 1990 Level I CFA Practice Exam © 1990)

18-14 a 18-15 c (Source: 1998 Level I CFA Practice Exam © 1998) 18-16 b (Source: 1990 Level I CFA Practice Exam © 1990) 18-17 b (Source: 1988 Level I CFA Practice Exam © 1988) 18-18 b (Source: 1991 Level I CFA Practice Exam © 1991) 18-19 c (Some: 1993 Level I CFA Practice Exam © 1993) 18-20 c (Source: 1991 Level I CFA Practice Exam © 1991) 18-21 d (Source: 1994 Level I CFA Practice Exam © 1994) 18-22 d 18-23 b 18-24 a (Source: 2003 Level I CFA Practice Exam © 2003)

Chapter 19 19-1 a 19-2 c 19-3 a 19-4 d 19-5 b 19-6 a 19-7 d 19-8 a 19-9 c 19-10 c 19-11 a 19-12 c 19-13 b 19-14 c 19-15 b 19-16 c (Source: 1988 Level I CFA Study Guide © 1988) 19-17 b (Source: 1988 Level I CFA Study Guide © 1988) 19-18 a (Source: 1991 Level I CFA Study Guide © 1991)

Chapter 20 20-1 b 20-2 a 20-3 a 20-4 d 20-5 a 20-6 d 20-7 b 20-8 d 20-9 d 20-10 a 20-11 a 20-12 d 20-13 a 20-14 a 20-15 c

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