AAFM Chartered Wealth Manager (CWM) Certification Level II Examination - CWM_LEVEL_2 模擬練習
Section B (2 Mark)
Asset allocation policy
Asset allocation policy
正解: A
Section C (4 Mark)
Watts Industries, a manufacturer of valves for industrial and residential use, had the following projected free cash flows to equity per share for the next five years , in nominal terms.
The terminal price is based upon a stable nominal growth rate of 6% a year after year 5. The discount rate, based upon financial market rates, is 14%, and the expected inflation rate is 3%.
Estimate the value per share, using nominal cash flows and the nominal discount rate.
Watts Industries, a manufacturer of valves for industrial and residential use, had the following projected free cash flows to equity per share for the next five years , in nominal terms.
The terminal price is based upon a stable nominal growth rate of 6% a year after year 5. The discount rate, based upon financial market rates, is 14%, and the expected inflation rate is 3%.
Estimate the value per share, using nominal cash flows and the nominal discount rate.
正解: B
Section A (1 Mark)
Vineet invests Rs. 5000/- per month at the beginning of the month for 10 years in Recurring Deposit account that pays 8.5% p.a interest compounded quarterly. What will be the accumulated amount in his account.
Vineet invests Rs. 5000/- per month at the beginning of the month for 10 years in Recurring Deposit account that pays 8.5% p.a interest compounded quarterly. What will be the accumulated amount in his account.
正解: A
Section B (2 Mark)
Vikrant Juneja gifted his house property to his wife in year 2007. Mrs. Juneja then lets out this house @ Rs.
5000 per month. The income from such house property will be taxable in the hands of:
Vikrant Juneja gifted his house property to his wife in year 2007. Mrs. Juneja then lets out this house @ Rs.
5000 per month. The income from such house property will be taxable in the hands of:
正解: A
Section A (1 Mark)
Conventional theories presume that investors ____________ and behavioral finance presumes that they
____________.
Conventional theories presume that investors ____________ and behavioral finance presumes that they
____________.
正解: C
Section B (2 Mark)
The modified duration of a bond is 7.87. The percentage change in price using duration for a yield decrease of
110 basis points is closest to:
The modified duration of a bond is 7.87. The percentage change in price using duration for a yield decrease of
110 basis points is closest to:
正解: A
Section C (4 Mark)
Ms. Sonali Briganza is 22 years old. She is currently earning a salary of Rs.5,00,000/- per annum and saves
20% of her salary every year. If her salary increases by 10% every year and she is able to get a return of 11% p.a. compounded annually throughout her investment horizon what would be the corpus of funds available at her age 58.
Ms. Sonali Briganza is 22 years old. She is currently earning a salary of Rs.5,00,000/- per annum and saves
20% of her salary every year. If her salary increases by 10% every year and she is able to get a return of 11% p.a. compounded annually throughout her investment horizon what would be the corpus of funds available at her age 58.
正解: D
Section A (1 Mark)
Financial Gerontology tries to assess client needs based on __________
Financial Gerontology tries to assess client needs based on __________
正解: B
Section B (2 Mark)
Calculate the value at which an office building can be priced from the following information:
A similar building has 8% capitalization rates.
Calculate the value at which an office building can be priced from the following information:
A similar building has 8% capitalization rates.
正解: D