Explore Free CFA Institute CFA Level I CFA-Level-I Practice Questions for Exam Mastery

Get a glimpse of the real CFA-Level-I certification exam challenges with our free CFA Institute CFA-Level-I practice test questions.

Question 1

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?

Correct Answer: 1

D

Question 2

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?

Correct Answer: 2

A

Question 3

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?

Correct Answer: 3

C

Question 4

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

q4_CFA-Level-I

Correct Answer: 4

C

Question 5

Given the following estimated financial results, value the stock of Magic Holdings, Inc. using the infinite period dividend discount model (DDM).

Which of the following choices is closest to the value of Magic Holding Inc. stock? (Note: Carry calculations out to at least 3 decimals.)

Correct Answer: 5

D

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