Cfa L3 Formula Quizlet

CFA 3 formulas (copied)
Study online at quizlet.com/_76ths
1.

# Equity contracts (equation):

10.

Basic expression relating forward and spot prices (equations - multiple):

2.

# Equity index contracts (equation):

3.

# of contracts fixed income (equation):

4.

2-period return to active management (equation):

11.

Benchmark domestic return (equation):

5.

Accrual equivalent after-tax return (equation):
12.

Beta (equation):

6.

Accrual equivalent tax rate (equation):
13.

Beta for stock i (equation):

7.

Annual Hedge Fund Sharpe Ratio:
14.

Breakeven yield change (equation):

8.

Approximate forward premium or discount (equation):

15.

Cash flow at the beginning of the evaluation period (equation):

9.

Asset beta (equation):

16.

Cash flow at the end of the evaluation period (equation):

17.

Cobb-Douglas function (% change) equation:

18.

Constant growth model (equation):

31.

Domestic return on a global portfolio (equation):

32. 19.

Contribution of currency risk (equation):
33.

Double taxation effective tax rate (equation):

Duration of the portfolio plus a swap position (equation):

20.

Correlation of stock i with the market (equation):
34.

Effective capital gains tax rate (equation):

21.

Covariance of two markets (equation):
35.

Endowment spending rules (equations - multiple):

22.

Currency allocation contribution (equation):

36. 23.

Equity q (equation):

Currency effect for market j (equation):
37.

Equity risk premium for market i (equation):

24.

Daily, monthly standard deviation equations.:
38.

Ex post alpha (equation):

25.

Deferred capital gains tax (MV not = cost basis) equation:
39.

Expected bond return (equation):

26.

Deferred capital gains tax (MV=cost basis) equation:
40.

Fed model (equation):

27.

Delta (equation):

41.

Financial settlements fo interets rate swaps and comodity