Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version1JuneAMSolutions

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Nội dung chi tiết: Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version1JuneAMSolutions

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version1JuneAMSolutions

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version1JuneAMSolutions served. Copying, reproduction or redistribution of this material is strictly prohibited, info@fmquiz.com.FmQuiz.com © 2016 - All rights reservedCFA Le

vel III Mock Exam 1 - Solutions (AM)FinQuiz.com - r‘ Mock Exam 2018 (AM Session)The morning session of the 2018 Level III CFA Examination has 9 questi Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version1JuneAMSolutions

ons. For grading pruposes. the maximum point value for each question is equal to the number of minutes allocated to that question.QuestionsTopicMinute

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version1JuneAMSolutions

s1Portfolio Management - Individual Investor362 •Portfolio Management - Institutional Investors283Portfolio Management - Economics104Portfolio Managem

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version1JuneAMSolutions agement208Portfolio Management - Monitoring and Rebalancing179Portfolio Management - Performance Evaluation and Attribution9Total:180FinQuiz.com © 201

6 - All righls reserved.CFA Level III Meek Exam 1 - Solutions (AM)QUESTION 1 HAS FOUR PARTS (A. B. c, D) FOR A TOTAL OF 36 MINUTES.Simon Becker is a 4 Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version1JuneAMSolutions

5 y ears old stock broker at p.s. Salow, a well-respected fuui with a long history. Simon IS sitting down with J.D. Smithson, the advisor that manages

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version1JuneAMSolutions

his retnement portfolio, to plan Iris retirement and Ollier needs.Simon has done well and would like to retire in ten y ears. He is married and Ills

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version1JuneAMSolutions tuition, he would like to give them a one-rime gift of $25,000 each when they move out.Simon and his wife, who works as a medical examiner, would like

to retire and buy a vacation home in Miami, winch will cost about $200,000. They currently rent a home and have no significant debts or mortgages.The Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version1JuneAMSolutions

Becker’s currently have an investment portfolio of s 1,250.000 in a money market account. They would like to buy an annuity for $2.000.000 when they

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version1JuneAMSolutions

retne that will cover their annual expenses. While the Beckers have worked hard to fund their portfolio to this point, they do not want to contribute

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version1JuneAMSolutions ose then entire life savings to speculative investments. He feels that he and his wife have worked hard to save up and are pretty well set for their r

etirement.A.Formulate each of the following constraints for Mr. Becker’s investment policy statement (IPS):i.time horizonii.unique circumstancesill. l Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version1JuneAMSolutions

iquidity(6 minutes)B.State rhe return objective and risk tolerance statement for Mr. Becker’s TPS. Risk tolerance should include ability, willingness

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version1JuneAMSolutions

and an overall tolerance.(12 minutes)c. Calculate the required average annual pretax nominal rale of return for the IPS. Show your calculations.(9 min