Dashboard/ Final Mock State Exam
Final Mock State Exam
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90:00
A 40-question simulated state-board exam. Time yourself: 90 minutes. Pass mark: 60%. Aim for 75%+ before the real test.
1
Continuous compounding at 6% for 5 years grows ₪1,000 to approximately:
2
A 20-year mortgage of ₪1,000,000 at 5% nominal annual, monthly payments. Closest monthly payment:
3
NPV at 8% of cash flows: −1000, +400, +400, +400, +400. NPV ≈
4
Two stocks: σ_A = 25%, σ_B = 35%, correlation 0.4, equal weights. Portfolio σ ≈
5
Beta of 1.4, market return 9%, risk-free 3%. CAPM expected return:
6
p-value of 0.03 with α = 0.05 means:
7
BoI cuts the policy rate by 50 bp. Most likely IMMEDIATE effect on long-term Israeli government bond prices:
8
Inflation in Israel breaches 6% (target 1–3%). BoI most likely to:
9
A Nash equilibrium in an oligopoly:
10
A weakening shekel against the dollar primarily benefits:
11
Net Income 80, Depreciation 25, ΔAR +10, ΔInventory −15, ΔAP +5. CFO ≈
12
A firm sells goods on credit; the journal entry includes:
13
Higher leverage with operations unchanged generally:
14
Cash 80, AR 40, Inventory 60, Current Liab. 100. Quick ratio (round 2 dp).
15
Investment advisor (יועץ) accepts a 1% trailing fee from a fund issuer. Under the 1995 Law:
16
A marketer (משווק) recommends an in-house fund. They MUST:
17
A friend who works at a public company tells you, in confidence, the firm will miss earnings. You:
18
A start-up offers shares to 20 individual investors and 8 qualified investors. Prospectus needed?
19
Client records under the Investment Advice Law must be retained for at least:
20
You realize your past advice was based on flawed assumptions; client has lost money. The right action:
21
An advisor uses a pending client trade to buy the same security personally first. This is:
22
The ISA can do which of these? (Choose the BEST answer)
23
A client refuses to provide income / experience information. Best practice:
24
Which of the following is NOT a duty under the Investment Advice Law?
25
A 5-year zero-coupon bond, YTM 4%, face 100. Price ≈
26
Modified duration 7, yield rises 0.5%. Approximate % price change:
27
Stock at ₪100, 1-yr put with strike ₪95 trades at ₪3. The put's intrinsic value is:
28
Put-call parity: C = ₪10, S = ₪100, K = ₪95, r = 5%, t = 1. P ≈
29
Long call holder benefits most when:
30
Galil bonds protect mostly against:
31
CAPM: SML plots:
32
Two perfectly negatively correlated assets, equal weights, σ_A = σ_B = 25%. Portfolio σ:
33
Forward price (no dividends): S = 200, r = 6%, t = 0.5 yr (semi-annual cont. comp). F ≈
34
TASE current settlement cycle for equities is:
35
A 60/40 portfolio drifts to 75/25 after a strong equity year. Best practice:
36
A drawdown of 50% requires what gain to recover?
37
"Information ratio" measures:
38
A retiree drawing income, low risk capacity, 5–10 yr horizon. Best allocation:
39
A client constantly chases last year's top fund. This is:
40
Brinson attribution: positive selection, negative allocation effect:
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