Licensing Examinations (LE)
Showing all 14 results
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HKSI Paper 1
Add to cart HKD 188
(Set A)60 Questions
3 Apr 2025
HKSI Paper 1 Exam Question
Under which of the following situations is information able to be disclosed under the Securities and Futures Ordinance (SFO)?a) When the Securities and Futures Commission is exercising any of its powers under the SFO.
b) When a person receives a Notice of Proposed Disciplinary Action.
c) When information is disclosed to a person who receives a direction under any section of the SFO.
d) When information is disclosed to a person who receives an informal request for information relating to transactions in securities.
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HKSI Paper 1
Add to cart HKD 188
(Set B)60 Questions
3 Apr 2025
HKSI Paper 1 Exam Question
The disclosures of interest under the SFO is for all of the following purposes except:a) To enable those investing in listed corporations to obtain relevant information on a timely basis so they can make informed investment decisions
b) To enable substantial shareholders to obtain relevant information on a timely basis so they can make informed investment decisions
c) To identify the persons who control, or are in a position to control, interests in shares in listed corporations, and
d) To identify those who may benefit from transactions involving associated corporations of listed corporations.
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HKSI Paper 7
Add to cart HKD 188
(Set A)60 Questions
3 Apr 2025
HKSI Paper 7 Exam Question
If the interest rate of a debt security issued by a company is higher than the benchmark rate of a HK government bond, it will sell at a:a) discount
b) premium
c) parity value to the government bond
d) price dictated by the government
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HKSI Paper 7
Add to cart HKD 188
(Set B)60 Questions
3 Apr 2025
HKSI Paper 7 Exam Question
HKM Corporation issues a 5-year convertible bond of HKD1,000 par value with a coupon of 5%. The conversion ratio is 25. After 5 years, the stock price climbs to HKD50. What is the maximum net profit an investor can make per convertible bond he owns?a) HKD250
b) HKD500
c) HKD1,000
d) HKD1,500
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HKSI Paper 8
Add to cart HKD 128
(Set A)40 Questions
3 Apr 2025
HKSI Paper 8 Exam Question
A bond matures in five years with a coupon rate of 7% and a maturity value of HKD1,000. Given that the interest payment is yearly and the discount rate is 5%, what is the Present Value of the bond?a) HKD1,083.78
b) HKD1,086.59
c) HKD1,095.35
d) HKD1,098.54
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HKSI Paper 8
Add to cart HKD 128
(Set B)40 Questions
3 Apr 2025
HKSI Paper 8 Exam Question
Which of the following fiscal policies can be used to stimulate economic growth?a) Lowering tax rates
b) Lowering interest rates
c) Increasing the number of jobs
d) Increasing government spending
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HKSI Paper 9
Add to cart HKD 128
(Set A)40 Questions
3 Apr 2025
HKSI Paper 9 Exam Question
Which of the following statements regarding a HKD – USD foreign exchange swap agreement is false?a) It is a contract in which one party borrows HKD from one party and simultaneously lends USD to another party.
b) Each party of the swap agreement uses the repayment obligation to its counterparty as collateral.
c) It can eliminate HKD to USD foreign exchange rate risks.
d) It has counter-party risks.
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HKSI Paper 9
Add to cart HKD 128
(Set B)40 Questions
3 Apr 2025
HKSI Paper 9 Exam Question
A call option has a strike price of HKD 50 and a premium of HKD 200. If the stock price is at HKD 50 at expiry, what is the maximum possible loss of the option holder?a) HKD 0
b) HKD 50
c) HKD 200
d) HKD 250
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HKSI Paper 12
Add to cart HKD 128
(Set A)40 Questions
3 Apr 2025
HKSI Paper 12 Exam Question
A flat yield curve is formed when there is a little or no difference between short and long term yields and this indicates that investors expect:a) uncertainty about future economic growth and inflation
b) sluggish economic growth and lower inflation
c) strong future economic growth and higher future inflation
d) a higher rate of return when lending money for a longer period of time
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HKSI Paper 12
Add to cart HKD 128
(Set B)40 Questions
3 Apr 2025
HKSI Paper 12 Exam Question
The risk free-rate is 3% and the Hang Seng Index is expected to return 7% next year. You are interested in determining the return of Aliba Group Holdings stock next year. You have determined that its beta value is 1.5. What is the expected return of Aliba Group Holdings stock?a) 9%
b) 10%
c) 11%
d) 12%
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HKSI Paper 10
Add to cart HKD 128
(Set A)40 Questions
3 Apr 2025
HKSI Paper 10 Exam Question
An unsecured credit facility does not include:a) any loan made without security.
b) any credit facility made with security that does not exceed the market value of the assets constituting that security.
c) any performance bond entered into by the licensed corporation in connection with any credit facility made by another party to its representatives.
d) the provision of any security by the licensed corporation in connection with any credit facility made by another party to its representatives.
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HKSI Paper 10
Add to cart HKD 128
(Set B)40 Questions
3 Apr 2025
HKSI Paper 10 Exam Question
An unsecured promise based only on the issuer’s general credit status to pay coupon and principal are known as:a) secured debt
b) debentures
c) callable debt securities
d) convertible debt securities
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HKSI Paper 11
Add to cart HKD 128
(Set A)40 Questions
3 Apr 2025
HKSI Paper 11 Exam Question
Which of the following statements regarding ordinary/preference shares is false?a) Ordinary shareholders have a claim on firm assets after the preferred shareholders.
b) Preferred shareholders have voting rights.
c) Ordinary shareholders are entitled to variable dividends which the company is under no legal obligation to pay.
d) Preferred shareholders are entitled to variable dividends which the company is under no legal obligation to pay.
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HKSI Paper 11
Add to cart HKD 128
(Set B)40 Questions
3 Apr 2025
HKSI Paper 11 Exam Question
Which of the following events do not affect a stock in terms of valuation?a) Stock splits
b) Mergers and acquisitions
c) Earnings announcements
d) Change in dividends declared