Assess the CertsIQ’s updated 8013 exam questions for free online practice of your PRM Exam 1: Finance Foundations test. Our 8013 dumps questions will enhance your chances of passing the PRM certification exam with higher marks.
By market convention, which of the following currencies are not quoted in terms of 'direct quotes' versus the USD?
Which of the following statements is true:
I. The standard deviation of a short position is the same as the standard deviation of a long position
II. The expected return of a short position is the same as that a long position in the same asset
III. If two assets are perfectly positively correlated, then a short position in one and a long position in the
other are negatively correlated IV. If we increase the weight of an asset in a portfolio, its correlation with other assets in the portfolio scales up proportionately
A bank sells an interest rate swap to its client, with the client agreeing to pay the bank a fixed 4% and receive 3 month LIBOR + 100 basis points, payments due every quarter. After quarter 1, the 3 month LIBOR is 2% pa. Which of the following payments will happen in respect of this swap, assuming the contract notional is $100m, and the rate convention is 30/360.
Which of the following best describes the efficient frontier?
A US treasury bill with 90 days to maturity and a face value of $100 is priced at $98. What is the annual bondequivalent yield on this treasury bill?
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