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  1. Home
  2. CFA Certification
  3. CFA-Level-I Exam
  4. CFA.CFA-Level-I.v2022-03-26.q499 Dumps
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Question 366

The journal entry to record the sale or disposition of a depreciable plant asset always includes:

Correct Answer: A
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Question 367

A beginning amount of $75,000 is invested at 13% per year. At the beginning of each year for the next 30 years, a withdrawal is to be made to pay insurance premiums. What is the largest premium this investment will support?

Correct Answer: B
BGN, PV = -$75,000; n = 30; i = 13%; CPT PMT = $8,854.69
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Question 368

Which of the following is a valid reason for including real estate in an investment portfolio?

Correct Answer: A
Real estate returns exhibit low correlations with stock and bond returns. Real estate returns depend on the cash flows from the real estate and changes in its value. However, real estate investments generally have relatively low liquidity. In addition, real estate transactions involve large transaction costs and typically have high levels of property-specific (firm-specific) risks.
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Question 369

The embedded options that are granted to the issuer of a bond MAY include:
I). the right to call the issue.
II). the right of the underlying borrowers in a pool of loan to repay an amount in excess of the scheduled principal repayment.
III). the accelerated sinking fund provision.
IV). the cap on a floater.

Correct Answer: C
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Question 370

An uptrend is when a security makes ____ lows and _____ highs.

Correct Answer: B
An uptrend for a security is when the price goes to higher highs and higher lows.
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