Saturday, April 20, 2013


This is a very good resource for CFA Level 1 exam facts!  At http://www.examfacts.com they have an excellent study guide filled with basic exam facts for the CFA Level 1 exam.  The book is also available at Amazon.com


Example Questions from the Exam Fact CFA Level 1 Book:

Define Coupon Rate Floor
Minimum periodic coupon interest payment received by lender/security owner.


Define Coupon Rate Collar
Simultaneous combination of both cap and floor.


Define Regular Redemption
When bonds are redeemed under the call provisions specified in the bond indenture.


Define Special Redemption
When bonds are redeemed to comply with a sinking fund provision or because of a property sale mandated by government authority.


Define In Margin Buying
One borrows funds from a broker or a bank to purchase securities and the securities themselves are the collateral for the margin loan.

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