CFA 2019 Schweser - Level 1 SchweserNotes Book 1: ETHICAL AND PROFESSIONAL STANDARDS AND QUANTITATIVE METHODS

Description

SCHWESERNOTES™ 2019 LEVEL I CFA® BOOK 1: ETHICAL AND PROFESSIONAL STANDARDS AND QUANTITATIVE METHODS The study tool that started it all is taking CFA® exam prep to the next level. A favorite among CFA candidates for nearly 30 years, SchweserNotes™ is a key component as you prepare for the CFA exam and the core element to our Study Program. Absorbing the CFA curriculum in its entirety is no simple task. Make the most of your study time with clear, exam-focused study notes and examples that cover every Learning Outcome Statement in the most effective manner possible. More than just textbooks. SchweserNotes™ were first introduced in 1990 and quickly took off as a “must have” for CFA candidates. And although they are still available as physical books, as technology and candidate needs have evolved, so have SchweserNotes™: SchweserNotes™ eBooks are now included with each order of the Notes, making it easier for you to study on-the-go. Welcome to the 2019 SchweserNotes™......Page 13 Contents......Page 2 List of pages......Page 5 Learning Outcome Statements (LOS)......Page 15 Module 1.1: Ethics and Trust......Page 24 Key Concepts......Page 29 Answer Key for Module Quiz......Page 30 Module 2.1: Code and Standards......Page 31 Answer Key for Module Quiz......Page 38 Module 3.1: Guidance for Standards I(A) and I(B)......Page 39 Module 3.2: Guidance for Standards I(C) and I(D)......Page 43 Module 3.3: Guidance for Standard II......Page 44 Module 3.4: Guidance for Standards III(A) and III(B)......Page 46 Module 3.5: Guidance for Standards III(C), III(D), and III(E)......Page 49 Module 3.6: Guidance for Standard IV......Page 52 Module 3.7: Guidance for Standard V......Page 55 Module 3.8: Guidance for Standard VI......Page 59 Module 3.9: Guidance for Standard VII......Page 61 Answer Key for Module Quizzes......Page 64 Module 4.1: Introduction to GIPS......Page 68 Key Concepts......Page 71 Answer Key for Module Quiz......Page 72 Module 5.1: The GIPS Standards......Page 73 Key Concepts......Page 79 Answer Key for Module Quiz......Page 81 Topic Assessment: Ethical and Professional Standards......Page 82 Topic Assessment Answers: Ethical and Professional Standards......Page 87 Module 6.1: EAY and Compounding Frequency......Page 90 Module 6.2: Calculating PV and FV......Page 96 Module 6.3: Uneven Cash Flows......Page 104 Key Concepts......Page 113 Answer Key for Module Quizzes......Page 115 Module 7.1: NPV, IRR, and HPR......Page 117 Module 7.2: Returns and Yields......Page 122 Key Concepts......Page 131 Answer Key for Module Quizzes......Page 133 Module 8.1 Describing Data Sets......Page 135 Module 8.2: Means and Variance......Page 143 Module 8.3: Skew, Kurtosis, and Sharpe Ratio......Page 153 Key Concepts......Page 163 Answer Key for Module Quizzes......Page 167 Module 9.1: Conditional and Joint Probabilities......Page 170 Module 9.2: Conditional Expectations, Correlation......Page 175 Module 9.3: Portfolio Variance, Bayes, and Counting Problems......Page 182 Key Concepts......Page 190 Answer Key for Module Quizzes......Page 194 Module 10.1: Uniform and Binomial Distributions......Page 196 Module 10.2: Normal Distributions......Page 207 Module 10.3: Lognormal Distribution, Simulations......Page 214 Key Concepts......Page 221 Answer Key for Module Quizzes......Page 225 Module 11.1: Central Limit Theorem and Standard Error......Page 227 Module 11.2: Confidence Intervals and t-Distribution......Page 233 Key Concepts......Page 244 Answer Key for Module Quizzes......Page 246 Module 12.1: Hypothesis Tests and Types of Errors......Page 248 Module 12.2: Tests of Means and p-Values......Page 256 Module 12.3: Mean Differences, Difference in Means......Page 262 Key Concepts......Page 276 Answer Key for Module Quizzes......Page 278 Module 13.1: Technical Analysis......Page 280 Key Concepts......Page 294 Answer Key for Module Quiz......Page 296 Topic Assessment: Quantitative Methods......Page 298 Topic Assessment Answers: Quantitative Methods......Page 301 Formulas......Page 303 Appendix A: Areas Under The Normal Curve......Page 307 Cumulative Z-Table......Page 308 Appendix B: Student’s t-Distribution......Page 310 Appendix C: F-Table at 5% (Upper Tail)......Page 311 Appendix D: F-Table at 2.5% (Upper Tail)......Page 312 Appendix E: Chi-Squared table......Page 313