Ask Me Anything with Marc LeFebvre, CFA, founder of LevelUp Bootcamps this...
Join Marc LeFebvre, CFA, founder of LevelUp Bootcamps this Friday (2/28) at 3:00 PM EST to ask your questions about the Level III CFA® exam.Have questions about the Level III CFA exam? With just 102...
View ArticleHow much exhibit are important in CFA books?
Are the exhibits holds the same importance as blue box in CFA curriculum.thank you
View ArticleReading 19 Blue box example 1
WRT subject “the contingent convertible long-term bonds are issued by the savings bank and sold to institutional investors. The key feature is that if defaults on the mortgage loans reach a certain...
View Articlepast exams - relevance of question
Dear Forum,I am referring to the L3 2016 past exam, Equity section (question 3). Schweser says A und B are relevant for 2020 as well. Is that really the case? Returns- and holdings-based part in the...
View Articlemorning exam - essay answers
Dear Forum,This is my first attempt re Level 3 exam. From what I have noticed in the past mock exams answers, the institute always “repeats” in the answer the part of the relevant text given. For...
View Articlehow far do you need to go for this exam?
so far i read through the curriculum, did BB and EOC once, finished CFAI online practice question (320 MCQs), tried some third party essays, but not feeling confident because essays hit me hard and i...
View ArticleReading 24, EOC question 17, rebalancing
In the reading it states under 4. Creating Fundamental Act strategis, that the manager would need to keep ‘regular portfolio balancing’ that ensure that the investment mandat and the desired risk...
View Articlenon-linear scaling data
How would you scale data to keep in in the range of 0 to 1, but in a non-linear way so that it skew more on the high side.SO I can do it linearly:x = (n - Rmin) /. (Rmax-Rmin)So if the number is 50,...
View ArticleAre puts a cross hedge or complete hedge?
Hey guys, Is purchasing put options on your concentrated position stock an example of a cross hedge or a complete hedge? I thought it was a complete hedge, but the text says its a cross hedge. Does...
View ArticleFactor diversified vs Sector rotator
Why source of market risk is higher for Factor diversified portfolio than Sector rotator (with concentrated sector and cash bets)?
View ArticleHuman Capital to Financial Capital Graph
Maybe this is more for the water-cooler forum but I thought I would share an interesting perspective on exhibit 3 in reading 12 asset allocation. The exhibit covers the amount of human capital vs...
View ArticleFixed Income
Hi All, when the investor is undertaking a repo transaction and has placed a bond with the counter party (cp), is the interest payments received by the cp or by the investor.Thanks
View ArticleGIPS: Private equity: quarterly or annual valuation?
reading 6, page 355 of CFAI book about provisions for Private Equity:“There are two provisions related to input data. For periods ending on or after 1 January 2011, private equity investments must be...
View Articleprotective put - maximum loss
Hi guys.So, protective put, long stock & long put.Why is the max loss the depreciation of the stock you bought to the strike of the put, and the premium? The premium is clear, you lose it if you...
View ArticleProbability, rule of addition
Let’s say you have two players in a soccer game, each with a 25% probability to score. What is the probability that at least one will score?SO general rule of addition for two events: P(A ∪ B) = P(A)...
View ArticleHedge funds
BB example 7- Text says- The €2 per share borrowing costs and the €1 dividend payable to the lender together represent a €3 per share outflow that Khan must pay. But, the convertible bond pays a 5%...
View ArticleReading 32 EOC Question 17
The questions asks for the insurance required based on the needs analysis method.In the solution, is there a reason it doesn’t account for the family living expenses $95,000/year that decreases by...
View ArticleFixed Income
Hi All, when the investor is undertaking a repo transaction and has placed a bond with the counter party (cp), is the interest payments received by the cp or by the investor.Thanks
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