Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version6JuneAMSolutions

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Nội dung chi tiết: Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version6JuneAMSolutions

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version6JuneAMSolutions

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version6JuneAMSolutions bution of this material is strictly prohibited, infofn fmquiz.com.CF A Level III Mock Exam 6 - Solutions (AM)FinQuiz.com - 6,h Mock Exam 2018 (AM Sess

ion)The morning session of the 2018 Level III CFA Examination has 11 questions For grading purposes, the maximum point value for each question is equa Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version6JuneAMSolutions

l to the number of minutes allocated to that question.Questions TopicMinutes1Portfolio Management - Individual312Portfolio Management - Individual123P

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version6JuneAMSolutions

ortfolio Management - Individual184Portfolio Management - Individual95Portfolio Management - Institutional226Portfolio Management - Economics217Portfo

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version6JuneAMSolutions es1011Portfolio Management - Monitoring and Rebalancing12Total:180FinQuiz com ® 2018 - AJI rights reserved2CFA Level III Mock Exam 6 - Sdubons (AM)QUE

STION 1 HAS FIVE PARTS (A. B, c, D. F.) FOR A TOTAL OF 31 MINITESCynthia McCollum, CFA. is a portfolio manager at Western Brookes, an asset advisory f Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version6JuneAMSolutions

irm. Hart lias been asked to construct ail investment portfolio fol Moua Hail, a senior manager at a manufacturing enterprise. McCollum collects the f

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version6JuneAMSolutions

ollowing information on Hart:•Hart is 52 years old and is the divorced mother of two sons, aged 8 and 12 respectively.•Her living expenses are protect

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version6JuneAMSolutions y funds for saving purposes. Her salary is expected to glow al the annual inflation rate of 4%. The inflation rate is expected to remain rhe same for

the indefinite future.•She expects her living expenses to reduce by 20*0 upon her retirement, which is ten years from today.•She is taxed at a rate of Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version6JuneAMSolutions

35% on all income, dividends and capital gains.•She has recently received S3 million from her deceased father's estate which she wishes to employ for

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version6JuneAMSolutions

investment piuposes.Dining McColhun s meeting with Hart, the client makes two statements which the manager feels are essential to incorporate in the

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version6JuneAMSolutions ant that my funds weic tied up ill a poorly performing asset class for quite some time. I would request icllaining from all types of alternative asset

classes."Statement 2: “1 would not like my investment portfolio to decline by more than 15% ill nominal terms in any given year and will be satisfied Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version6JuneAMSolutions

with an annual pretax real return of 2.5%.”A.Formulate the return objcclivc of an investment policy statement for Hart. Calculate the next year’s aft

Volume II behavioral finance, individual investors, and institutional InvestorsCFA level 3CFA finquiz Level3Mock2018Version6JuneAMSolutions

er-lax nominal return requirement to achieve this objective. Show your calculations.(6 minutes)