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AAFM GLO_CWM_LVL_1 PDF Questions - Exceptional Practice To Chartered Wealth Manager (CWM) Global Examination
NEW QUESTION 335
Mayank an investor buys one share of stock for Rs.500 at the beginning of the first year, and buys another share for Rs.550 at the end of the first year. The investor earns Re.10/- in dividends in the first year and Re.20/- in the second year. What is the time-weighted rate of return if the shares are sold at the end of the second year for Rs.650/- each?
- A. 0.07%
- B. 0.16%
- C. 16.88%
- D. 6.88%
Answer: B
NEW QUESTION 336
A "Mass Affluent" segment client has investible assets worth of
- A. $200,000
- B. $100,000
- C. None of the above
- D. $50,000
Answer: B
NEW QUESTION 337
If a preferred stock pays an annual Rs. 4.50 dividend, what should be the price of the stock if comparable yields are 10 percent? What would be the loss if yields rose to 12 percent?
- A. Rs. 45/- loss Rs. 7.50
- B. Rs. 450/- loss Rs. 6.25
- C. Rs. 45/- loss Rs. 4.50
- D. Rs. 450/- loss Rs. 75
Answer: A
NEW QUESTION 338
Consider the following information for three stocks, Stock A, Stock B, and Stock C.
The returns on each of the three stocks are positively correlated, but they are not perfectly correlated.
Portfolio X has half of its funds invested in Stock A and half invested in Stock B.
Portfolio Y has invested its funds equally in each of the three stocks. The risk-free rate is 5%, and the market is in equilibrium.
Which of the following statements is/are correct?
- A. II and III
- B. Only II
- C. I,II and III
- D. Only IV
Answer: B
NEW QUESTION 339
Investments that are difficult to convert to cash are said to have _________
- A. High Liquidity
- B. Low standard deviation
- C. Low Liquidity
- D. High standard deviation
Answer: C
NEW QUESTION 340
The current dividend on an equity share of MAGADH Limited is Rs.8.00 on earnings per share of Rs. 30.00.
Assume that the growth rate of 20 percent will decline linearly over a five year period and then stabilize at 12 percent. What is the intrinsic value of MAGADH 's share if the investors' required rate of return is 15 percent?
- A. Rs. 352/-
- B. Rs. 416/-
- C. Rs. 383/-
- D. Rs. 469/-
Answer: A
NEW QUESTION 341
In a Mutual Fund Structure as per the latest guidelines the fund sponsor has to contribute:
- A. At least 40% of the AMC's net worth at conforms to SEBI guidelines
- B. At least 35% of the AMC's net worth at conforms to SEBI guidelines
- C. At least 30% of the AMC's net worth at conforms to SEBI guidelines
- D. Exactly 50% of the net worth of AMC
Answer: B
NEW QUESTION 342
Which of the following is / are demand liabilities?
- A. All of the above
- B. Gold deposits
- C. Cash Certificates
- D. Current deposits
Answer: D
NEW QUESTION 343
Risk can be
- A. Non-Financial
- B. Financial
- C. Both of the above
- D. None of the above
Answer: C
NEW QUESTION 344
Technical Analysis involves
- A. Analyzing the industry that stock falls in
- B. Measuring the intrinsic value
- C. None of the above
- D. Analyzing the macroeconomic indicators
Answer: C
NEW QUESTION 345
The holding period return on a stock is equal to __________.
- A. The dividend yield plus the risk premium
- B. The capital gain yield over the period plus the dividend yield
- C. The capital gain yield over the period plus the inflation rate
- D. The current yield plus the dividend yield
Answer: B
NEW QUESTION 346
Which of the following statement is correct?
- A. Only I
- B. Only II
- C. None of them
- D. Both I and II
Answer: D
NEW QUESTION 347
Vehicle finance is made cheaper through _________.
- A. Special arrangement with manufacturer
- B. Better insurance cover
- C. Navigation system in the car
- D. Higher engine capacity
Answer: A
NEW QUESTION 348
Essential requirement for the person who can attest the will is that he
- A. Must witness the testator executing the will
- B. Must be a relative
- C. Must be one of the beneficiaries
- D. Must be lawyer
Answer: A
NEW QUESTION 349
A Treasury bill pays a 6% rate of return. A risk averse investor __________ invest in a risky portfolio that pays 12% with a probability of 40% or 2% with a probability of 60% because __________.
- A. Would not; because she is not rewarded any risk premium
- B. Cannot be determined
- C. Would not; because the risk premium is small
- D. Might; she is rewarded a risk premium
Answer: A
NEW QUESTION 350
Tushar owns a piece of land situated in Patna (Date of acquisition: March 1, 1983, Cost of acquisition Rs.
20,000/- value adopted by Stamp duty authority at the time of purchase Rs. 45,000/-) On March 30, 2012 the piece of land is transferred for 4 lakh. Find out the capital gains chargeable to tax if the value adopted by the Stamp duty authority is 5.60 lakh. And X does not challenges it under the Stamp Act. However, he claims before the Assessing Officer that Rs. 5.60 lakh is more than the fair market value of the land. The assessing Officer refers it to the valuation Officer who determines Rs. 6.10 lakh as fair market value. [CII-12-13:
852,11-12: 785,10-11:711]
- A. Rs. 3,45,963/-
- B. Rs. 4,05,963/-
- C. Rs. 4,15,963/-
- D. Rs. 3,80,963/-
Answer: C
NEW QUESTION 351
Shri Ganjarwala Charitable Trust (Regd.) submits the particulars of its income/outgoing for the previous year
2009-2010 as below:
The trust spends Rs 2,77,500 during the previous year 2009-2010 for charitable purposes. In respect of Rs
5,20,000, it has exercised its option to spend it within the permissible time-limit in the year of receipt or in the year, immediately following the year of receipt.
The trust spends Rs 2,00,000 during the previous year 2009-2010 and Rs 1,00,000 during the previous year
2010-2011.
Compute the tax payable on the income of the trust.
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION 352
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