최신 CWM_LEVEL_2 무료덤프 - AAFM Chartered Wealth Manager (CWM) Certification Level II Examination
Section C (4 Mark)
Belstate reported net income of Rs221 million in 1993 on revenues of Rs8298 million. It paid out 31% of its earnings as dividends, a payout ratio that is expected to remain level from 1994 to 1998, during which period earnings growth is expected to be 13.5%. After 1998, earnings growth is expected to decline to 6%, and the dividend payout ratio is expected to increase to 60%. The beta is 1.15 and this figure is expected to remain unchanged. The treasury bill rate is 7%.
Estimate the price/sales ratio for Walgreens, assuming its profit margin remains unchanged at 1993 levels.
Belstate reported net income of Rs221 million in 1993 on revenues of Rs8298 million. It paid out 31% of its earnings as dividends, a payout ratio that is expected to remain level from 1994 to 1998, during which period earnings growth is expected to be 13.5%. After 1998, earnings growth is expected to decline to 6%, and the dividend payout ratio is expected to increase to 60%. The beta is 1.15 and this figure is expected to remain unchanged. The treasury bill rate is 7%.
Estimate the price/sales ratio for Walgreens, assuming its profit margin remains unchanged at 1993 levels.
정답: C
Section B (2 Mark)
How much total interest is paid between the 5th and 11th payments inclusive on a loan that has monthly payments for 2 years and an original principal of Rs47 500? The loan rate is 6.6% compounded quarterly.
How much total interest is paid between the 5th and 11th payments inclusive on a loan that has monthly payments for 2 years and an original principal of Rs47 500? The loan rate is 6.6% compounded quarterly.
정답: A
Section A (1 Mark)
Which of the following is not an essential element of a trust?
Which of the following is not an essential element of a trust?
정답: C
Section A (1 Mark)
Which of the following factors have proven most important in credit scoring models?
Which of the following factors have proven most important in credit scoring models?
정답: D
Section A (1 Mark)
The organizations make their special offer to the customers who will provide the highest profit margins, greatest response rate and __________.
The organizations make their special offer to the customers who will provide the highest profit margins, greatest response rate and __________.
정답: A
Section B (2 Mark)
What is the outstanding balance at the 23rd payment interval of a 16-year loan for Rs11 234 with semi-annual payments and an interest rate of 7.95% compounded quarterly?
What is the outstanding balance at the 23rd payment interval of a 16-year loan for Rs11 234 with semi-annual payments and an interest rate of 7.95% compounded quarterly?
정답: B
Section A (1 Mark)
Which of the following is classified as passive income in US?
Which of the following is classified as passive income in US?
정답: C
Section A (1 Mark)
Which of the following is an investment analysis approach to determine real estate values?
Which of the following is an investment analysis approach to determine real estate values?
정답: C
Section A (1 Mark)
The borrower's attitude toward his or her credit obligations is called:
The borrower's attitude toward his or her credit obligations is called:
정답: B
Section A (1 Mark)
_________________makes us throw more good money after money already gone bad.
_________________makes us throw more good money after money already gone bad.
정답: B
Section A (1 Mark)
During "Building the foundation" life stage, we learn about _______
During "Building the foundation" life stage, we learn about _______
정답: D
Section B (2 Mark)
In UK, which of the following types of income is not specifically exempt from income tax?
In UK, which of the following types of income is not specifically exempt from income tax?
정답: A
Section A (1 Mark)
A(n) _________________________ combines a normal debt instrument with a credit option. It allows the issuer of the debt instrument to lower its loan repayments if some significant factor changes.
A(n) _________________________ combines a normal debt instrument with a credit option. It allows the issuer of the debt instrument to lower its loan repayments if some significant factor changes.
정답: C