CFA 2020 - Level 1 SchweserNotes Book 4

Learning Outcome Statements (LOS)
Reading 31: Introduction to Corporate Governance and Other ESG Considerations
	Exam Focus
	Module 31.1: Stakeholder Management
	Module 31.2: Factors Affecting Corporate Governance
	Key Concepts
	Answer Key for Module Quizzes
Reading 32: Capital Budgeting
	Exam Focus
	Module 32.1: Capital Projects, NPV, and IRR
	Module 32.2: Payback Period, Project Rankings
	Key Concepts
	Answer Key for Module Quizzes
Reading 33: Cost of Capital
	Exam Focus
	Module 33.1: Weighted Average Cost of Capital
	Module 33.2: Project Cost of Capital
	Key Concepts
	Answer Key for Module Quizzes
Reading 34: Measures of Leverage
	Exam Focus
	Module 34.1: Measures of Leverage
	Key Concepts
	Answer Key for Module Quiz
Reading 35: Working Capital Management
	Exam Focus
	Module 35.1: Working Capital Management
	Key Concepts
	Answer Key for Module Quiz
Topic Assessment: Corporate Finance
Topic Assessment Answers: Corporate Finance
Reading 36: Market Organization and Structure
	Exam Focus
	Module 36.1: Markets, Assets, and Intermediaries
	Module 36.2: Positions and Leverage
	Module 36.3: Order Execution and Validity
	Key Concepts
	Answer Key for Module Quizzes
Reading 37: Security Market Indexes
	Exam Focus
	Module 37.1: Index Weighting Methods
	Module 37.2: Uses and Types of Indexes
	Key Concepts
	Answer Key for Module Quizzes
Reading 38: Market Efficiency
	Exam Focus
	Module 38.1: Market Efficiency
	Key Concepts
	Answer Key for Module Quiz
Reading 39: Overview of Equity Securities
	Exam Focus
	Module 39.1: Types of Equity Investments
	Module 39.2: Foreign Equities and Equity Risk
	Key Concepts
	Answer Key for Module Quizzes
Reading 40: Introduction to Industry and Company Analysis
	Exam Focus
	Module 40.1: Industry Analysis
	Module 40.2: Pricing Power and Company Analysis
	Key Concepts
	Answer Key for Module Quizzes
Reading 41: Equity Valuation: Concepts and Basic Tools
	Exam Focus
	Module 41.1: Dividends, Splits, and Repurchases
	Module 41.2: Dividend Discount Models
	Module 41.3: Relative Valuation Measures
	Key Concepts
	Answer Key for Module Quizzes
Topic Assessment: Equity Investments
Topic Assessment Answers: Equity Investments
Reading 42: Fixed-Income Securities: Defining Elements
	Exam Focus
	Module 42.1: Bond Indentures, Regulation, and Taxation
	Module 42.2: Bond Cash Flows and Contingencies
	Key Concepts
	Answer Key for Module Quizzes
Reading 43: Fixed-Income Markets: Issuance, Trading, and Funding
	Exam Focus
	Module 43.1: Types of Bonds and Issuers
	Module 43.2: Corporate Debt and Funding Alternatives
	Key Concepts
	Answer Key for Module Quizzes
Reading 44: Introduction to Fixed-Income Valuation
	Exam Focus
	Module 44.1: Bond Valuation and Yield to Maturity
	Module 44.2: Spot Rates and Accrued Interest
	Module 44.3: Yield Measures
	Module 44.4: Yield Curves
	Module 44.5: Yield Spreads
	Key Concepts
	Answer Key for Module Quizzes
Reading 45: Introduction to Asset-Backed Securities
	Exam Focus
	Module 45.1: Structure of Mortgage-Backed Securities
	Module 45.2: Prepayment Risk and Non-Mortgage-Backed ABS
	Key Concepts
	Answer Key for Module Quizzes
Reading 46: Understanding Fixed-Income Risk and Return
	Exam Focus
	Module 46.1: Sources of Returns, Duration
	Module 46.2: Interest Rate Risk and Money Duration
	Module 46.3: Convexity and Yield Volatility
	Key Concepts
	Answer Key for Module Quizzes
Reading 47: Fundamentals of Credit Analysis
	Exam Focus
	Module 47.1: Credit Risk and Bond Ratings
	Module 47.2: Evaluating Credit Quality
	Key Concepts
	Answer Key for Module Quizzes
Topic Assessment: Fixed Income
Topic Assessment Answers: Fixed Income
Appendix
Formulas
Copyright