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  1. Home
  2. CFA Certification
  3. CFA-Level-I Exam
  4. CFA.CFA-Level-I.v2022-12-16.q776 Dumps
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Question 71

Of the following statements:
I). In a stratified random sample, each item in the sample has the same probability of being sampled.
II). In a simple random sample, each item in the sample has the same probability of being sampled.

Correct Answer: A
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Question 72

In the long run the price a monopolistic competitor sets is equal to:

Correct Answer: B
After long-run adjustments have been made, price and quantity fall with firm entry until P =
ATC and firms earn zero economic profit.
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Question 73

Assume three months have elapsed since the last coupon payment date. The cum-coupon price for
$ 250,000 par value of a 5-year, semi-annual pay, 6% coupon bonds is $225,900. What is the full price?

Correct Answer: B
The clean price is $225,900. The accrued interest is (3/6) (1/2) (6%) $250,000 = $3,750. The full price = $225,900 + $3,750 = $229,650.
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Question 74

An analyst examines many different pieces of nonpublic, nonmaterial information regarding a firm and comes to a significant conclusion. According to the ______ theory, the analyst can act on this conclusion.

Correct Answer: A
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Question 75

The reserve requirement is 10%. You take $5,000 and deposit it in your checking account. What will be the maximum total change in bank deposits resulting from this?

Correct Answer: C
The money multiplier is (1/(reserve requirement)) = 10 if c = 0, so the maximum deposit expansion is 10 x 5000 = 50,000.
insert code
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