# Thread: FREE CFA Level 1 sample questions everyday for December 2010 candidates

1. Q#77 Answer: (B)

The probability is calculated as: (1 − 0.30)

2. B is the answer

3. Q#78 Answer: (A)

NOI = \$6.5 million

4. Something useful but Irrelavant

mock Exams for December available on CFA Website, I could not hold myself i did check it out
Are you guys ready??

5. Thank you Takalani for the info.

Guys, you can check the mock exams here:
CFA Mock exams

6. Q#79 Answer: (A)

The bond with the highest yield has the greatest reinvestment risk.

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Today's question (Questions and answers are provided by Austal Group)

Q#80. A Zero-Coupon bond issue with 10 years to maturity has a face value of \$1 million. The YTM is 5%. The dollar duration of the bonds is:

A. 100,000.00
B. 613,913.25
C. 61,391.33

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7. Q #79
Answer is A

Looks Tricky though, with the way you have shuffle the Answers. I must say it helps when it comes to paying attention to details

8. Q#80

What i know is that Zero Coupon Bonds Duration equals its time to maturity

Answer is B

9. Q#81 Answer: (C)

The dollar duration is the approximate change in price for a 1% change in YTM. Dollar Duration = Duration * Price / 100

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Today's question (Questions and answers are provided by Austal Group)

Q#82. A commodities investor establishes a \$20 million collateralized futures position. If the futures are worth \$21 million three months later, and Treasuries have an annualized return 4.75% during the period, the total gain on the position is:

A. \$1,950,000
B. \$1,237,500
C. \$1,000,000

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10. [QUOTE=vbadmin;1469]Q#81 Answer: (C)

The dollar duration is the approximate change in price for a 1% change in YTM. Dollar Duration = Duration * Price / 100

================================================== =====================================
Today's question (Questions and answers are provided by Austal Group)

Q#82. A commodities investor establishes a \$20 million collateralized futures position. If the futures are worth \$21 million three months later, and Treasuries have an annualized return 4.75% during the period, the total gain on the position is:

A. \$1,950,000
B. \$1,237,500
C. \$1,000,000

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why the duration is 10? I am lost here, please advise

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