Curious about Actual CFA Institute CFA Level I Chartered Financial Analyst Exam Questions?

Which of the following statements is TRUE about the profits and losses from buying a put:

XYZ company has entered into a "plain-vanilla" interest rate swap on $1,000,000 notional principal. XYZ company pays a fixed rate of 8 percent on payments that occur at 90-day intervals. Six payments remain with the next one due in exactly 90 days. On the other side of the swap, XYZ company receives payments based on the LIBOR rate. Describe the transaction between XYZ company and the dealer at the end of the sixth period if the appropriate LIBOR rate is 5 percent.

If a new option contract is listed on an option exchange and only one trader buys one contract in the first day, the open interest after that day is:

A property has a potential gross rental income (PGRI) of $740,000. Operating expenses, excluding insurance and property taxes, amount to 30 percent of gross rents. Insurance and property taxes total $16,800. If the market capitalization rate is 22 percent, what is the value of this property?

You need to estimate the market value of an income producing property located in your town. Through research you have found that the property should have net operating income of $956,000, taxes of $143,400, a capitalization rate of 16 percent, and an inflation rate of 3 percent. What is the estimated property value?