Practicing CFP® exam review questions can help you increase your confidence in attempting the question paper on the final D-Day. CFP® exam question paper has a fixed question pattern; therefore, by practicing these questions, you can become familiar with the types of questions asked to boost your confidence. This exercise would help you prepare for the real exam because when you gain a sense of familiarity with the type, you can solve the CFP® exam questions more quickly and confidently.
CFP® Exam Prep App by Achieve offers you ten free sample practice questions for the CERTIFIED FINANCIAL PLANNER™ Exam. Solve these questions to know what types of questions are asked in the CFP® exam.
Q1. What kind of discounts are minority interest, lack of marketability, and blockage?
Q3. Ricky recently purchased a $60,000 autographed picture by a well-known artist. Over the next five years, he believes it will rise in value by 7% compounded yearly. How much will Ricky’s painting be valued at the end of the fifth year if he is correct?
Q4. Cindy was the proud owner of a $80.00 rare book. Before selling the book, she kept it for 15 years. For the 15-year period, the internal rate of return was 11%. What was the book’s ultimate selling price?
Q5. What should a financial planner do if a client’s risk-profiling questionnaire results are aggressive, and his existing investment portfolio is aggressive as well?
A. Confront the client about his risky financial outlook
B. Adjust the client’s asset allocation
C. Inform the client that no adjustments to his portfolio are required at this time.
D. Ask the client to take the risk-profile questionnaire again
CFP® exam questions can prove quite perplexing to the aspirants if they have not attempted similar MCQs before. For example, if you sit for the CERTIFIED FINANCIAL PLANNER™ exam and have only learned theory, have not used it practically, and have no idea about the question pattern, then you might find yourself in a challenging situation. You can subscribe to the CFP® Exam Prep by Achieve to practice 1900+ Questions, covering each subject.
