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2016 Level III Mock Exam: Afternoon Session
The afternoon session of the 2016 Level III Chartered Financial Analyst® Mock Examination has 60
questions. To best simulate the exam day experience, candidates are advised to allocate an average of
18 minutes per item set (vignette and 6 multiple choice questions) for a total of 180 minutes (3 hours)
for this session of the exam.
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By accessing this mock exam, you agree to the following terms of use: This mock exam is provided to
currently-registered CFA candidates. Candidates may view and print the exam for personal exam
preparation only. The following activities are strictly prohibited and may result in disciplinary and/o r
legal action: accessing or permitting access by anyone other than currently-registered CFA candidates;
copying, posting to any website, emailing, distributing and/o r reprinting the mock exam for any purpose.
© 2016 Copyrighted by CFA Institute. All rights reserved.
Ethis - Ravinder
After working as an equity research analyst for five years at Staple Asset Advisers, Davika Ravinder, CFA,
receives a promotion to a junior asset manager position. She is given 20 relatively small portfolios, all
involving middle-income clients who, are saving for their childrens university educations and their own
retirements. With her new position, Ravinder is given a higher base salary. Previously, her bonus was
based on annual performance. She is now eligible for a percentage of the quarterly performance fee
earned by the firm for returns higher than the client-negotiated performance hurdles. For competitive
reasons, Staple does not allow any employee to disclose their compensation packages, including how
bonuses are derived.
Once she has reviewed the investment objectives and constraints of each of her new clients, Ravinder
arranges introduction meet
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