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collar payoff diagram
long stockLonging putshort callok fine, but I don’t know how you arrive at the payoff diagram above starting with the payoff diagrams below???Tweet WidgetGoogle Plus OneLinkedin Share ButtonFacebook Like
View ArticleIndirect real estate investment
According to the CFAI material, it is not clear what to treat as an indirect real estate investment. In the course, it says: - companies engaged in real estate ownership, etc…- REITs- CREFs- Separately...
View ArticleHedged REIT
I am going into a lot of details again…. but what does it mean when CFAI material states “hedged REIT return series have been purged of its overall equity market return component”?And what is that...
View ArticleSo VitalSource sucks
How do I not use it? I have my Level 2 books in there. Is there a way I can hide the Level 2 books? or download them as a pdf and delete them from VitalSource?Why is this program so stupidly...
View ArticleStupid question that is really pissing me off
This is really frustrating me:Reading 24 EOC question 12B:Compute the Sortino ratio from the below table and, based on this statistic, evaluate the performance of the hedge fund.How do I calculate the...
View ArticleStudy Status
HI guys, those of you who have started your studies, can you please share how much have you completed ?? just for motivation Tweet WidgetGoogle Plus OneLinkedin Share ButtonFacebook Like
View ArticleFund of funds lock-up
In the EOC on Alternative investments, question 32, the answer states that “funds of funds usually do not impose lock-up periods”.I don’t really understand that. They invest in other hedge funds, and...
View ArticleNeed Advice on HOW to answer essay question (Recent Passers)
First, Congrats to all those that’ve recently passed level 3. Was hoping to get some advice hoping things are still somewhat fresh in your heads.I know the whole thing about using bullet points , but...
View ArticleCustoms duty?
Hey,Did CFA just recently send the books by air freight? I live in the UK and it cost me £40 extra just to get the books in - never happened beforeTweet WidgetGoogle Plus OneLinkedin Share...
View ArticleReading 9: Taxes & Private Wealth Management... EoC Q14 erroneous answer?
Hi guys, I think there is an error in the answer of question 14 at the end of reading 9 (p. 264). It’s about the tax-deferred account and the accumulation of wealth. The formula referring to Kaplan’s...
View ArticleExam weight
I have few questions, even though i know that these ques are silly.Answers to these questio0nj would help me.In the CFAi website, weight allocatioon has been given as 40%-55% question will be from...
View ArticlePodcast/Audio Learning
I was wondering if there were any worthwhile audio lessons or podcasts that one would recommend for commuting/listening throughout the day? I will be using Schweser to prepare for the exam and have...
View ArticleDerivatives based enhanced indexing strategy
Can someone provide a basic example? The Schweser notes is confusing. ThanksTweet WidgetGoogle Plus OneLinkedin Share ButtonFacebook Like
View ArticleShortfall risk vs Value at risk
Hi, So can anyone differntiate between the two risk measures ? as far as I know, shortfall risk gives the probability of the return from the portfolio falling below the speciifed minimum target return...
View ArticleCurrency Swaps
Got through all three exams ignoring currency swaps. Now I’m going back and realize they’re relatively straight forward. That said, I still have a few questions. Using fixed-fixed, I understand that...
View ArticleHow important is Reading 28 - risk management swap strategies?
Is Reading 28 the consensus hardest in level 3? I haven’t looked at any practice or prior exams.. Do swaps come up in the AM section? is it likely to be covered as a full items set in PM?On the same...
View ArticleWiley/ Elan Guides L3 - Release date Pushed to Feb??
According to product availability page of Wiley CFA (formerly Elan Guides) for L3 June 2016….they have pushed the release date to February.I find it highly unprofessional especially considering Wiley...
View ArticleL2 advice from you L3 warriors
Hi All - I took L1 on Dec 5, 2015. Obvi I have not received the results yet, but I am starting to study for L2; if I passed, great! I got a head start (at the very least a month in advanced), if I...
View ArticleSchwester Practise Exams Vol 1 and 2
Hi, I have Schweser Practise Exams Volume 1 and 2 which i would like to give away for FREE. These are from 2013, still i would say it would be 90% same as current syllabus. I can deliver only within...
View ArticleNotes of the CFA Charteholder
Dear colleagues,I am writting couple of months after I received my charter, and wanted to say thank you to this forum members which helped me on various issues during my study time. It is the priceless...
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