CFA Level I Flashcards
1,000 CFA Level I flashcards, written to the same audited standard as KomFi's question banks: precise, decontextualized answers you can memorize verbatim — formulas rendered in real math notation, concepts deduplicated so every card earns its slot. Study them with progress tracking, got-it filtering, and cross-device resume.
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Sample card prompts
- Critical Formula: State the formula for return on equity capital using leverage ([formula]).
- Ethics trigger: First step for an advisor when a client requests an unsolicited unsuitable trade.
- What is the formula for the weight (w_i) of a constituent in a market-capitalization weighted index?
- What is the exact formula for calculating the real return ([formula])?
- Under Standard\ I(A), if local law is silent on a specific practice but the Code\ and\ Standards prohibit it, which must the member follow?
- Calculation for an asset's beta (β_i) using covariance and market variance.
- What is the mathematical definition of Bayes' Formula for P(A|B)?
- Critical Formula: Provide the formula for the Value of a Forward Contract at time t (V_t) for the long position.
- No-arbitrage relationship for an implied forward rate ([formula]) using the 1-year spot rate z_1 and 2-year spot rate z_2.
- Formula for the Sharpe ratio using portfolio return R_p, risk-free rate R_f, and standard deviation σ_p.
- Formula for the Sharpe ratio used to measure excess return per unit of total risk.
- Index Construction: Which constituent stocks dominate the return of a price-weighted index?
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