Free CFA Level 1 Practice Test 61 Questions CFA Mock Exam Answer Keys AMBIPi

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:

For a collateralized mortgage obligation (CMO), the first tranche of bonds most likely has the:

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%

CFA Notes Materials and QBanks

CFA Level 1 Notes
CFA Level 1 QBank: 1 to 10CFA Level 1 QBank: 11 to 20
CFA Level 1 QBank: 21 to 30CFA Level 1 QBank: 31 to 40
CFA Level 1 QBank: 41 to 50CFA Level 1 QBank: 51 to 60
CFA Level 1 QBank: 61 to 70CFA Level 1 QBank: 71 to 80
CFA Level 1 QBank: 81 to 90CFA Level 1 QBank: 91 to 100
CFA Level 1 QBank: 101 to 110CFA Level 1 QBank: 111 to 120
CFA Level 1 QBank: 121 to 130CFA Level 1 QBank: 131 to 140
CFA Level 1 QBank: 141 to 150CFA Level 1 QBank: 151 to 160
CFA Level 1 QBank: 161 to 170CFA Level 1 QBank: 171 to 180
CFA Level 1 QBank: 181 to 190CFA Level 1 QBank: 191 to 200
CFA Level 1 QBank: 201 to 210CFA Level 1 QBank: 211 to 220
CFA Level 1 QBank: 221 to 230CFA Level 1 QBank: 231 to 240
CFA Level 1 QBank: 241 to 250CFA Level 1 QBank: 251 to 260
CFA Level 1 QBank: 261 to 270CFA Level 1 QBank: 271 to 280
CFA Level 1 QBank: 281 to 290CFA Level 1 QBank: 291 to 300
CFA Level 1 QBank: 301 to 310CFA Level 1 QBank: 311 to 320
CFA Level 1 QBank: 321 to 330CFA Level 1 QBank: 331 to 340
CFA Level 1 QBank: 341 to 350CFA Level 1 QBank: 351 to 360
CFA Level 1 QBank: 361 to 370CFA Level 1 QBank: 371 to 380
CFA Level 1 QBank: 381 to 390CFA Level 1 QBank: 391 to 400
CFA Level 1 QBank: 401 to 410CFA Level 1 QBank: 411 to 420
CFA Level 1 QBank: 421 to 430CFA Level 1 QBank: 431 to 440
CFA Level 1 QBank: 441 to 450CFA Level 1 QBank: 451 to 460
CFA Level 1 QBank: 461 to 470
CFA Level 1 QBank: 481 to 480CFA Level 1 QBank: 491 to 500
CFA Level 1 QBank: 501 to 510CFA Level 1 QBank: 511 to 520
CFA Level 1 QBank: 521 to 530CFA Level 1 QBank: 531 to 540
CFA Level 1 QBank: 541 to 550CFA Level 1 QBank: 551 to 560
CFA Level 1 QBank: 561 to 570CFA Level 1 QBank: 571 to 580
CFA Level 1 QBank: 581 to 590CFA Level 1 QBank: 591 to 600
CFA Level 1 QBank: 601 to 610CFA Level 1 QBank: 611 to 620

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