CFA Institute CFA Level I Chartered Financial Analyst Exam Practice Test

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Total 3963 questions

Question 1

Based on the following information, what is the net asset value (NAV) per share. There are currently no expenses and no load.

Cap Stock Sold $109,000

Price per share $10



Answer : C

Question 2

You are going to invest in a closed-end mutual fund and are told that the net asset value of the fund is $20.40, and the share price is $18.20. What is the discount you would receive or the premium that you would pay?



Answer : C

Question 3

A fund to be purchased had a net asset value (NAV) of $72.40 and a load of 5 percent. What is the offering price per share?



Answer : A

Question 4

A mutual fund has a load of 4 percent and a net asset value (NAV) of $20 per share. What must an investor pay to purchase 250 shares?



Answer : D

Question 5

q 21,001106

q 31,042111

q 41,040107



Answer : C

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Total 3963 questions