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  • CFA Quicksheet 2008

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    12 views6 pages

    CFA Quicksheet 2008

    Uploaded by

    Opclash21

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 6
    1 (0) Misondice TL Tategrity of Capical Markers 11). Mate Noa lsenaron. 1° (@)- Malet Manipuacon UL Duties to Clients IML (A) Loyal Prudence, and Care Ml (8) fair Dealing Ml ©) Sibi LUE (D) Peformance Pentagon UE (@) Preservation of Conidntly. TV Duties o Employers 1V. (A) Lae. IV (8) Additional Compensation Arangemens. IV (C) Responsblies of Superisos V. Investment Analysis, Recommend and Action VA) Diligence and Reasonable Basis V (B) Communication wih Clients and Proxpesve Chen “TimeValue of Money Basics + Fae vale (FV) amount to which inves {gm after one or more compoundig periods. Fae eae FV = PVG + UY)" 4+ Pract wd (PV): caren value of same Fate cash low PY = EVIC. + UY) + Amu series of equal cash ows tha oar 2¢ ‘sel sce intra ove time 9 Onliner avi eth Hal eat cive pete. + ny due: oh Bow a begining ore eed Pree snouts wth a infin ves PVs = PMTildacoune te) Means ‘Arihrtic ean a ofall observation vals in ‘smplelpopulcion, divided by #ofabervations. Geomeris mean: aed when calclaing investment returns ove multiple periods ot measure compound growth re. (Geomerie moon reure Ren (04R,)x--n(14R,))* harmonic mean = Valance and Sadan Devan tengo ied df ee Sani pce epee VIL Response ar «CEA Innate “Member or CFA Candidate VIE (A) Conduct Merers ad Candidates in the CFA Copa. ‘Vi. (B) Reference CFA Ins, the CFA 0 68 Tworatled text: He: w= O versus Hy «0 ‘Type And Type Il Erors ‘When hypothesis esting, wo posible enor 1 Bpel evor ejection ofall hypothesis when itis actually ee ‘© Bpell ero falc oj ull hypothesis when eis scaly ae Assumption¥ of Technical Analysis. + Supplpldemand determine values (pics) + Supplyldemand i even by bok ational and ‘train behavior. * Secu prices move in ends that pest for long pesods af dine, + While causes of supply/demand changes are hand ro determine, we cin se the acl shi in supply demand in mare price behavon, ‘Technicians tend 10 cake one of wo views when alyaing general market eles: + Conmorian. Tiaks major is wrong 50 does the oppasite of what investor are ding + Fellow the are mony. The amar investors now best so vans “jump onthe handagon” while there sil vime Inflation Ilion rae race of change in pice index over ven period of cme ‘eaten pric index lat period Tas period price index Unemployment + Fricioual: economic changes prevent matching ald worker wth job openings. + Siruaual employed workers do nox have the shill co match newly created jobs *+ Cla eesion phase of business ce, ccanomy producing at les than capciy. Labor Demand and Supply A fils demand fr labore incrased by: * Tncresein pice ofthe is output * Increase in rie fa productive inp that sa subi for labor. * Decree in price of productive ipo tha fea ‘complement olor ‘The supply of abor is induenced by: + Substitution eect increas in wage rte causes ‘workers substicue labor hous fr ksure hours. * Income ef: increases in income increase worker demand fr leisure, ‘Schools of Macroeconomic Thought + Clas: shi in AD and AS diven by technology changes: money wages adj pil cores elit, + Keynin thifsin AD caused by changes ia ‘opecutions: wages te "downward chy,” we Fiscal and monecay policy to nezeie AD and restore equiv, 1 Monae: monetary polis the main con leading to busines cytes cental hank should / supply at price rate, Rade Requirement Tee el GI Reserve requirments ‘+ Open marke operons mow usd Elasticity of Demand Price dasticiy of demand = ancy demanded WA pice If abuouce valu > 1, demand is asi faeolte sale <1, demand it inca abot vale = 1 demand is unc este. Pie easy ha two main decrninante Avail of subsites 4 Share of budge spent on product, Ela of demand and supply erste inthe ong un Ona staigheline demand curve demand ismore | clit ih peo que and es case | alow prcerigh qusaciiss, | + Ehstcrnge price increase wl dees otal * Inelastic ang: price increase wil acres ‘oa! Accounting Costs vs, Economic Costs Acnunting cvs inclde Bes eplit ct economic ‘us include both explicivpliit cot opporrnity ‘oso guy capita. Short rans nga hort an sie of planed | ‘uiptencannoc be changed. La ong ral | resources (cou) ae vata. Law of minis rear ore reso ae

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