Free ICMA FMFQ Exam Actual Questions

The questions for FMFQ were last updated On Jun 13, 2025

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Question No. 1

As a company moves through its industry lifecycle, toward maturity, how is this most likely to affect an equity analyst's perception of its growth rate for equity valuation?

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Correct Answer: D

Question No. 2

What is the credit spread on a corporate bond?

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Correct Answer: C

Question No. 3

You have asked a bank to give you a rate at which you can sell SEK (Sweish Krone) and buy NOK (Norwegian Krone) for delivery in two days. What is the name of this sort of FX rate?

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Correct Answer: B

Question No. 4

Which of the following best describes LIBOR?

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Correct Answer: B

Question No. 5

A company's share price fall below its net asset value. The company is then the subject of a takeover after which rather than being run as a going concern it is broken up and its assets sold to achieve maximum value. This is an example of which of the following strategies?

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Correct Answer: B