Free PRMIA 8013 Exam Questions

Become PRMIA Certified with updated 8013 exam questions and correct answers

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Total 290 Questions | Updated On: Dec 17, 2025

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Question 1

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 2

Which of the following describes the efficient frontier most accurately?

A : The efficient frontier identifies portfolios with the lowest level of volatility for the lowest possible returns

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

C : The efficient frontier identifies portfolios with the highest level of volatility for a given level of returns

D : None of the above

Answer: B

Question 3

A currency with a lower interest rate will trade:

A : at a forward discount

B : at a forward premium

C : at the same prices for forwards as for the spots

D : cannot be determined solely on the basis of interest rates

Answer: B

Question 4

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 5

A fund manager buys a gold futures contract at $1000 per troy ounce, each contract being worth 100 ounces of gold. Initial margin is $5,000 per contract, and the exchange requires a maintenance margin to be maintained at $4,000 per contract. Prices fall the next day to $980. What is the margin call the fund manager faces in respect of daily variation margin ?

A : $1000

B : $2000

C : $7000

D : $0

Answer: B

Page: 1 / 58

Total 290 Questions | Updated On: Dec 17, 2025

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