CFA Level 1 Sample Papers
 
Notes:
- Future Value (FV) is the amount to which an investment grows afer one or more compounding periods.
- Effective Annual Annuity compares the annuity that would equal the NPV of the projects.
- Marginal Cost of Capital (MCC) is defined as the Cost of Capital of the last dollar of financing obtained by the firm.
- Yield Spreads: The difference between the spread of two assets is called a yield spread.
- Present Value is the current value of some future cash flows.
- A luxury good has an income elasticity of demand greater than one.
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