CFA® Level I exam drill: Equities

10 questions · Untimed · Worked answer after each question

Equity securities and markets, valuation models and multiples, industry analysis, research reports and the cost of equity. Ten questions from our equities bank, with the full working after each answer.

Line drawing of an exchange building with columns, a share certificate with a seal and a bull figurine

Before you start

Every question has three choices (A, B, C) and one correct answer, as on the real exam. Keep your BA II Plus or HP 12C next to you for the calculations.
Check each answer to see the full working before moving on. Checked answers cannot be changed.

Create a free account before you start

Create a free account to start. Every drill includes one free attempt. The Level I exam pass unlocks the full timed mock and unlimited drills for every topic.

Game Assessment Prep is an independent practice site. It is not affiliated with, endorsed by or a prep provider of CFA Institute, and CFA Institute does not endorse, promote or warrant the accuracy of these questions. Every question is original; none is taken from CFA Institute materials. CFA®, Chartered Financial Analyst®, CIPM®, and GIPS® are registered trademarks owned by CFA Institute.