[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-458904-105":3,"detail-sidebar-cat-0-en-105":81,"doc-detail-458904-en":130},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","cfa-uk-level-4-certificate-in-investment-management-imc-unit-2-investment-practice-mock-exam-one-version-20","CFA UK LEVEL 4 CERTIFICATE IN INVESTMENT MANAGEMENT (IMC) - UNIT 2 - INVESTMENT PRACTICE - MOCK EXAM ONE - VERSION 20","","Mock exam paper for CFA UK Level 4 Certificate in Investment Management (IMC) Unit 2: Investment Practice, version 20 tested from 1 December 2022. Provides key exam facts including syllabus tax tables, 105 questions, 2 hours 20 minutes duration, and question types (standard multiple choice, item sets, and gap fill). Includes day-of information on calculator rules, a caution against relying on the mock as the primary learning source, and a detailed question allocation by content area. 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The material given in the case study does not change with the questions.\u003Cbr>• Gap fill – Candidates must enter a value into the answer field. There are specific formatting requirements and these formatting requirements are always given in the question. |\n\nImportant information regarding what happens on the day  \n\n| Calculator used | • From 1st June 2020 IMC candidates will not be permitted to use a handheld calculator during their examination. The onscreen calculator will be available for all questions during the exam.\u003Cbr>• The IMC calculator policy provides further information on the onscreen calculator. |\n| --- | --- |\n\nPlease click here for all Terms and Conditions pertaining to the Investment Management Certificate examination(s) .  \nThe IMC mock exam should NOT be viewed as a primary source of learning. By its nature, a mock exam paper will only cover proportion of the learning outcomes. Candidates are strongly advised to develop a fundamental understanding of the curriculum in order to demonstrate the competence required to pass the examination.  \nQuestion Allocation  \nQuestion allocation across the syllabus is balanced on the guidance of psychometric and industry specialists. The following question allocation for Version 20 of the IMC is provided as a broad indication of the relative ‘weighting’ of different parts of the syllabus in IMC examinations from 1 December 2022.  \n\n| CONTENT AREA TOPIC |  | TOPIC NAME QUESTION\u003Cbr>ALLOCATION |  |\n| --- | --- | --- | --- |\n| Quantitative methods | 7 | Quantitative methods | 10–20 |\n| Economics | 8 | Microeconomics | 5-15 |\n|  | 9 | Macroeconomics |  |\n| Accounting | 10 | Accounting | 10-20 |\n| Asset classes | 11 | Equities | 25-30 |\n|  | 12 | Fixed income |  |\n|  | 13 | Derivatives |  |\n|  | 14 | Alternatives |  |\n| Investment theory, management and measurement | 15 | Portfolio management | 25-30 |\n|  | 16 | Investment products |  |\n|  | 17 | Investment performance measurement |  |\n\n1. An investor holds 1,000 shares in ABC Plc with a current price of £4.00. ABC  \nannounces a one for eight rights issue with a subscription price of £2.50. What is the theoretical ex-rights price (in £ to 2 decimal places)?  \nImportant! You should enter the answer only in numbers strictly using this format: 0.00 Do not include spaces, letters or symbols (but decimal points and commas should be used if indicated) .  \n2. Which of the following is the highest non-investment grade credit rating on the S&P scale?  \n(a) AA–  \n(b) A+  \n(c) BB+  \n(d) B–  \n3. Which of the following is a determinant of a bond's Macaulay duration?  \n(a) Inflation rate  \n(b) Moody's rating  \n(c) Frequency of coupon payment  \n(d) Steepness of yield curve  \n4. Which of the following would be most suitable for a firm with insufficient equity capital?  \n(a) Share buyback  \n(b) Special dividend  \n(c) Stock split  \n(d) Placing  \n5. Which of the following statements best describe the macro-economy according to the Monetarist school of thought?  \n(a) Prices are fixed  \n(b) Prices are flexible but slow to adjust  \n(c) Prices are fully flexible  \n(d) Supply and demand are in equilibrium  \n6. What is the present value of £5,000 which will be received in four year's time if the discount rate is 8% per annum?  \n(a) £3,402.92  \n(b) £3,675.15  \n(c) £3,969.16  \n(d) £6,802.44  \n7. Which of the following are true in relation to an investment trust's capital ","cbCaiaHxaTR2NwSw","https://ap.wps.com/l/cbCaiaHxaTR2NwSw","pdf",570081,34,"English","# Key facts about the IMC Unit 2 exam\n## Syllabus and exam structure\n## Types of questions used\n# Important information for exam day\n## Calculator used\n# Question allocation\n## Quantitative methods\n## Economics\n## Accounting\n## Asset classes\n## Investment theory, management and measurement\n# Sample questions and case study\n## Rights issue ex-rights price\n## Credit rating on the S&P scale\n## Bond Macaulay duration determinants\n## Case study: Felicity and Exhibit 1 (RPI and share prices)","[{\"question\":\"How many questions and how long is the IMC Unit 2 mock exam (Version 20)?\",\"answer\":\"The exam includes 105 questions and allows 2 hours 20 minutes.\"},{\"question\":\"What calculator restrictions apply during the IMC Unit 2 examination?\",\"answer\":\"From 1 June 2020, handheld calculators are not permitted; an onscreen calculator is available for all questions.\"},{\"question\":\"What question formats are used in this mock exam?\",\"answer\":\"It uses standard multiple choice (select 1 of 4), item set questions with a fixed scenario, and gap fill questions requiring entry in a specified format.\"}]","CFA UK LEVEL 4 CERTIFICATE IN INVESTMENT MANAGEMENT (IMC) - UNIT 2 - INVESTMENT PRACTICE - MOCK EXAM ONE - VERSION 20 | PDF",1790754726,86]