Cfa Mock

2009 Level II Mock Exam: Afternoon Session

The afternoon session of the 2009 Level II Chartered Financial Analyst® Mock Examination has 60 questions. To best simulate the exam day experience, candidates are advised to allocate an average of 18 minutes per item set (vignette and 6 multiple choice questions) for a total of 180 minutes (3 hours) for this session of the exam.

Questions 1-6 7-12 13-18 19-24 25-30 31-36 37-42 43-48 49-54 55-60

Topic Ethical and Professional Standards Alternative Investments Financial Statement Analysis Financial Statement Analysis Corporate Finance Equity Investments Equity Investments Fixed Income Investments Derivative Investments Portfolio Management Total:

Minutes 18 18 18 18 18 18 18 18 18 18 180

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Questions 1 through 6 relate to Ethical and Professional Standards.

SMC Case Scenario Ian Sherman, CFA, is a portfolio manager at SMC, an investment advisory firm which offers investment products and services to individual and institutional clients. SMC has adopted the CFA Institute Research Objectivity Standards and implemented policies in compliance with the Standards. All of SMC’s investment professionals have earned CFA charters. Sherman tells prospective clients, “The CFA charter is the highest credential in the global investment management industry. As charterholders we are committed to the highest ethical standards. Completion of the program has dramatically improved the team’s portfolio management knowledge and their...