标题: Random Questions - Answers [打印本页] 作者: bcp901 时间: 2013-4-7 10:17 标题: Random Questions - Answers
CFA
Morning Paper -
Return is first question - (1.04*1.045)(1-0.2)=10.68 %
Contrarian Investor
Constant proportion mix
Treynor - beta on a manager higher than other
IR - diff active return (not sure if active risk was same of different)
Was the third one sharpe ? im pretty sure it was. some idiot came and told me it was m^2 i was ready to whack him with my calculator lol…
- it said something about return being more ??? besides Std dev. of the market wasnt given
Automobile and Mining industries - highly correlated to steel industry
dont think i got the answer on the long-term bond ? some abt increasing to risk ?????
Spot v/s yield v/s roll
all increase ???
Choose quarterly pay fixed swap (3 - 2.75)to reduce duration to from 3 to 0.3.
Afternoon paper
Use a put to hedge to project downside and leave upside open !!
Was the GIPS verification correct ?
Classical immunization - with the bond 4.5 duration to match liabilities of 5 mm in 4 yrs and 5 mm in 5 yrs
Choose combination match for the answer at the bottom of the page when - classicial , contingent were given,
ethics question on committee knowing abt the compensation agreement or smthing - was it the manager violating standards because he knew they werent best exectution trades ??
Manager A outperformed with active risk while manager C with misfit return
Cant remember much abt contract heding but remember one answer was 568 or 586 !
What the f*ck is spread duration ??? - yeh yeh i know the sensitivity to the spread but was it 2.53 or 4.0 ??? i choose 2.53 coz it couldnt have been as simple as the simple average of the 3 bonds. definately wasnt the 3.xx answer
house money ??? - decreases risk or investment ???
myopic loss aversion - increases the allotment to bonds since they see less risk in the bonds ?
import duties reducing to sustain growth. inflation was same ?? interest wasnt given ??
