Hi CFA Aspirants, welcome to AKVTutorials. Are you preparing for CFA Level 1, 2, 3 exams for making a career in CFA (Charted Financial Analyst). According to CFA Wikipedia, CFA The Chartered Financial Analyst (CFA) program is a postgraduate professional certification offered internationally by the American-based CFA Institute. A candidate who successfully completes the program and meets other professional requirements is awarded the “CFA charter” and becomes a “CFA charter holder”. Therefore, you need CFA Study Notes and Free CFA Level 1 Practice Test 61 Questions CFA Mock Exam Answer Keys AMBIPi
In this article, you will get Free CFA Level 1 Mock Exam Practice Questions.
Free CFA Level 1 Mock Practice Exam Questions Bank
Free CFA Level 1 Practice Question No: 601:
An investor purchases a put option on AAA shares that has a strike price of $50 and expires in three months. One month later, AAA shares are trading at $54, At that time, the put most likely has:
Option A: Positive intrinsic value but no time value
Option B: Positive time value but no intrinsic value
Option C: Positive time value and positive intrinsic value
Show/Hide Answer
Option B : Positive time value but no intrinsic value
CFA Level 1 Exam Question No: 602:
The tenor of a swap is best described as this:
Option A: Size of the contract
Option B: Original time to maturity
Option C: Net amount owed by one party to the other
Show/Hide Answer
Option B : Original time to maturity
Free CFA Level 1 Mock Exam Question No: 603:
An investor purchases 100 shares of common stock at $50 each and simultaneously sells call options on 100 shares of the stock with a strike price of $55at a premium of $1 per option. At the expiration date of the options, the share price is $58. The investor’s profit is closest to:
Option A: $400
Option B: $600
Option C: $900
Show/Hide Answer
Option B : $600
CFA Level 1 Free Practice Question No: 604:
An investor purchases the bonds of JLD Corp., which pay an annual coupon of 10% and mature in 10 years, at an annual yield to maturity of 12%. The bonds will most likely be selling at:
Option A: Par
Option B: discount
Option C: Apremium
Show/Hide Answer
Option B : discount
Free CFA Practice Question No: 605:
A portfolio manager holds the following three bonds, which are option free and have the indicated durations.
The portfolio’s duration is closest to:
Option A: 4.75
Option B: 5.20
Option C: 5.33
Show/Hide Answer
Option A : 4.75
CFA Level 1 Sample Question No: 606:
Option A: Highest level of prepayment risk and interest rate risk
Option B: Lowest level of prepayment risk and highest level of interest rate risk
Option C: Highest level of prepayment risk and lowest level of interest rate risk
Show/Hide Answer
Option C : Highest level of prepayment risk and lowest level of interest rate risk
Free CFA Level 1 Quiz Question NO: 607:
A bond with a par value of $100 matures in 10 years with a coupon of 4.5%, paid semiannually; is priced to yield 5.83%; and has a modified duration of 7.81. If the yield of the bond declines by 0.25%, the approximate percentage price change for the bond is closest to
Option A: 0.98%
Option B: 1.95%
Option C: 3.91%
Show/Hide Answer
Option D : 1.95%
Free CFA Level 1 Quiz Question NO: 608:
When are credit spreads most likely to narrow? During:
Option A: Economic expansions
Option B: Economic contractions
Option C: A period of flight to quality
Show/Hide Answer
Option A : Economic expansions
Free CFA Practice Question No: 609:
If the yield to maturity on an annual-pay bond is 7.75%, the bond-equivalent yield is closest to:
Option A: 7.61%
Option B: 7.90%
Option C: 8.05%
Show/Hide Answer
Option A : 7.61%
CFA Mock Exam Free Question No: 610:
The duration and convexity of an option-free bond priced at $90.25 are 10.34 and 75.80, respectively. If yields increase by 200 basis points, the percentage change of the price is closest to:
Option A: -23.71%
Option B: -20.68%
Option C: -17.65%
Show/Hide Answer
Option C : -17.65%
