Verified CFA Institute CFA-Level-I Exam Dumps for Last-Minute Exam Prep

Question No: 1

MultipleChoice

A study of the scores on an in-plant course in management principles and the years of service of the employees enrolled in the course resulted in these statistics:

Mean test score was 200 with a standard deviation of 40

Mean number of years of service was 20 years with a standard deviation of 2 years

In comparing the relative dispersion of the two distributions, what are the coefficients of variation (CV)?

Options

ATest 50%, service 60%

BTest 35%, service 45%

CTest 100%, service 400%

DTest 20%, service 10%

ENone of these answers

Question No: 2

MultipleChoice

Standard III (B) is known as ________.

Options

AInteractions with Clients and Prospects

BPreservation of Confidentiality

CNone of these answers

DFair Dealing

EInvestment Process

FDuty to Employer

GProhibition against Use of Material Nonpublic Information

HProfessional Misconduct

Question No: 3

MultipleChoice

The probability that a mutual fund will generate a positive return in the next 12 months is called:

Options

Aa conditional probability.

Ban unconditional probability.

Ca joint probability.

Da fantasy.

Question No: 4

MultipleChoice

The use of financial leverage by the firm has a potential impact on which of the following?

1. The risk associated with the firm.

2. The return experienced by the shareholder.

3. The variability of net income.

4. The degree of operating leverage.

5. The degree of financial leverage.

Options

A1, 3, 5

B1, 2, 5

C2, 3, 5

D2, 3, 4, 5

E1, 2, 3, 5

Question No: 5

MultipleChoice

An overvalued stock is one whose:

Options

Aestimated return is more than the required return.

Breturn is expected to be less than the expected market return.

Cestimated return is less than the required return.

Dreturn is expected to be greater than the expected market return.

Free CFA Institute CFA-Level-I Exam Dumps June 2026