Free PRMIA 8013 Exam Questions

Become PRMIA Certified with updated 8013 exam questions and correct answers

Page: 1 / 58

Total 290 Questions | Updated On: Mar 05, 2026

Add To Cart

Question 1

Which of the following portfolios would require rebalancing for delta hedging at a greater frequency in order to maintain delta neutrality?

A : A portfolio with a low delta and high vega

B : A portfolio with a high gamma

C : A portfolio with a high delta and low gamma

D : A portfolio with a low gamma

Answer: B

Question 2

Backwardation can be explained by:

A : expectations of oversupply in the future

B : convenience yields being greater than the total carrying cost

C : short term shortages in the spot markets

D : all of the above

Answer: D

Question 3

Determine the price of a 3 year bond paying a 5% coupon. The 1,2 and 3 year spot rates are 5%, 6% and 7% respectively. Assume a face value of $100.

A : $ 94.92

B : $ 106.00

C : $ 100.00

D : $93.92

Answer: A

Question 4

Which of the following best describes the efficient frontier?

A : The efficient frontier identifies portfolios with the lowest return per unit of volatility

B : The efficient frontier identifies portfolios with the highest return per unit of volatility

C : The efficient frontier identifies the market portfolio

D : The efficient frontier identifies portfolios with the highest volatility for a given level of return

Answer: B

Question 5

The two components of risk in a commodities futures portfolio are:

A : Changes in the convenience yield and storage costs

B : Changes in spot prices and carrying costs, also called commodity lease rates

C : Changes in interest rates and spot prices

D : The risk from change in basis and interest rates

Answer: B

Page: 1 / 58

Total 290 Questions | Updated On: Mar 05, 2026

Add To Cart