2002 CFA Level 2 Sample Exam.pdf

2002 CFA ? Level II Examination Morning Session – Essay Candidate Number: _____ _____ _____ _____ _____ _____ THIS BOOK IS THE PROPERTY OF: Association for Investment Management and Research ? 560 Ray C. Hunt Drive Charlottesville VA 22903-0668 USA Tel: 434-951-5499 ? 2002 Association for Invest ment Management and Research. All ri ghts reserved. FOR AIMR USE ONLY FOR AIMR USE ONLY The following list contains the command words used on the Morning Session of the 2002 Level II examination. Candidates may want to re fer to this list as they formulate their answers. Calculate: To ascertain or determine by mathematical processes. Contrast: pare in respect to differences. Define: To set forth the meaning of; specifi cally, to formulate a definition of. Describe: To transmit a mental image, an impre ssion, or an understanding of the nature and characteristics of. Discuss: To discourse about through reasoning or argument; to present in detail. Explain: To give the meaning or significance of; to provide an understanding of; to give the reason for or cause of. Identify: To establish the identity of; to show or prove the sameness of. Indicate: To point out or point to with more or less exactness; to s how or make known with a fair degree of certainty. Justify: To prove or show to be valid, sound, or conforming to fact or reason; to furnish grounds or evidence for. Name: To mention or identify by name. mend: To bring forward as being fit or worthy; to indicate as being one’s choice for something or as otherwise ha ving one’s approval or support. Show: To set forth in a statement, account, or description; to make evident or clear. State: To express in words. Support: To provide with verification, co rroboration, or substantiation. The Morning Session of the 2002 CFA Le vel II Examination has 16 questions. For grading purposes, the maximum point va lue for each question is equal to the number of minu