Free AAFM CWM_LEVEL_2 Exam Actual Questions

The questions for CWM_LEVEL_2 were last updated On Feb 21, 2025

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Question No. 1

Section A (1 Mark)

The disposition effect relates to the fact that:

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Correct Answer: C

Question No. 2

Section A (1 Mark)

In US Over one-half the money spent by state and local governments goes to just three services. Which of the following is not one of these services?

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Correct Answer: D

Question No. 3

Section B (2 Mark)

The modified duration of a bond is 7.87. The percentage change in price using duration for a yield decrease of 110 basis points is closest to:

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Correct Answer: C

Question No. 4

Section A (1 Mark)

The core of the_________________ is that even though stocks appear to be an attractive asset -- they have high average returns and a low covariance with consumption growth -- investors appear very unwilling to hold them.

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Correct Answer: B

Question No. 5

Section A (1 Mark)

The APT is based on the:

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Correct Answer: D