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CFA Level I — Equity Investments: 144 practice questions

144 original CFA Level I questions on Equity Investments, each with an explanation and its source. Topics: Market Organization, Structure and Security Market Indexes, Market Efficiency, Equity Securities, Industry and Company Analysis, Company Analysis: Forecasting, Equity Valuation: Concepts and Basic Tools. One free sample is below; the rest of the questions are available with a paid plan.

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One Equity Investments question with explanations

Open a question, choose an answer in your head, then open the explanation.

Q1 Market Organization, Structure and Security Market Indexes(市場組織・構造・指数)Market Organization, Structure and Security Market Indexes

If the initial margin requirement for a stock purchase is 40%, the maximum leverage ratio an investor can achieve is closest to:

  1. 0.40
  2. 1.67
  3. 2.50
Show the answer and explanation

Answer: C. C is correct. Leverage ratio = position value / equity = 1 / initial margin = 1 / 0.40 = 2.5.

Sources: CFA Institute, 2026 Level I Topic Outlines (Learning Outcome Statements), Equity Investments, Market Organization and Structure

That's the free sample. The rest of the questions are available with a paid plan.

That's the free sample. The rest is available with a plan.

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Topics in Equity Investments

  • Market Organization, Structure and Security Market Indexes(市場組織・構造・指数)Market Organization, Structure and Security Market Indexes 27
  • Market Efficiency(市場効率性)Market Efficiency 21
  • Equity Securities, Industry and Company Analysis(株式の種類・業界・企業分析)Equity Securities, Industry and Company Analysis 30
  • Company Analysis: Forecasting(企業分析: 業績予測)Company Analysis: Forecasting 20
  • Equity Valuation: Concepts and Basic Tools(株式評価)Equity Valuation: Concepts and Basic Tools 46

FAQ

Are these CFA Level 1 Equity Investments questions free?

The sample question on this page is free to read, with the answer and sources. The full set of 144 Equity Investments questions is in the paid plans.

Are these the exam body's own questions?

No. Every question is original and written by Sakakikaen Co., Ltd. examplat is not affiliated with or endorsed by the organisation that runs CFA Level I. Check its website for the current syllabus.