Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version5JuneAMSolutions

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Nội dung chi tiết: Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version5JuneAMSolutions

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version5JuneAMSolutions

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version5JuneAMSolutions ibution of this material is strictly prohibited, info@fmquiz.com.CFA Level III Mock Exam 5 - Solutions (AM)FinQuiz.com - 5th Mock Exam 2018 (AM Sessio

n)The morning session of the 2018 Level III CFA Examination has 12 questions. For grading purposes, the maxinnun point value for each question IS equa Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version5JuneAMSolutions

l to the number of minutes allocated to that questionQuestionsTopicMinutes1Portfolio Management - Individual262Portfolio Management - Individual103Por

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version5JuneAMSolutions

tfolio Management - Individual34Portfolio Management - Institutional185Portfolio Management - Institutional166Portfolio Management - Asset Allocation1

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version5JuneAMSolutions itoring and Rebalancing611Portfolio Management - Risk Management1512Portfolio Management - Derivatives513Portfolio Management - .Asset Allocation17Tot

al:180FinQuiz com © 2018 - All rights rcservcc2CF A Level III Mock Exam 5 - Solubcns (AM)QUESTION 1 HAS SIX PARTS (A, B. c, D and E) FOR A TOTAL OF 26 Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version5JuneAMSolutions

MINUTESKyle Lucas is the owner of a small privately Haded manufacturing concern which is currently worth $12 million and was established twenty-five

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version5JuneAMSolutions

years ago. Lucas is 65 years of age and intends to sell the business two years from today.Lucas has approached portfolio manager Gits Weaver to manage

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version5JuneAMSolutions ties, and alternative asset classes. In response to a question regarding Ins investment experience, Lucas stales. “1 have faced significant financial

crises in the past and now always look to avoid making investment choices which hold the potential for disastrous consequences.’’Lucas earns annual bu Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version5JuneAMSolutions

siness income which is fixed at a pre-tax amount of $100,000. His living expenses are S98.000 in the current year and are expected to increase at the

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version5JuneAMSolutions

aruiual rare of inflation of 5%. upon retirement, he will no longer earn business income and his aiuiual living expenses will become constant at $150,

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version5JuneAMSolutions oat currently sold at a price of $1.0 million and will donate the remaining amount to a local charity. He has instructed Weaver to exclude the sale of

his business from the investment decision. Lucas intends to finance Ills grandson's college education as well as pur chase residential property for 1 Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version5JuneAMSolutions

Ũ111 Total estimated costs will amount to $30 million and will be required fifteen years from today.Lucas is subject to an ordinary income and capital

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version5JuneAMSolutions

gains tax rale of 25% and 30% respectively. He always maintains an emergency reserve equal to 3 years of his annual busmess income in addition to his