Income risk- is it stable?
Income risk is important for comparable assured income streams, which can be more stable and dependable in a portfolio with long maturities. Apparently from a mock exam this statement is true.Can...
View ArticleOptions: Collar
Can somebody help me out with this?I am trying to figure out the collar graph, which is a combination of protective put and covered call.What i am not getting is the lower part of the graph and why it...
View ArticleCurrency Depreciation/Appreciation
Something got me confused today: if JPY/NZD rate is expected to depreciate, what would that mean? I’d expect the JPY to depreciate, i.e. the rate would increase. Or am I getting this wrong? Should we...
View ArticleDiv is given on num of shares?
HiIn ss15, risk management, we have the topic of synthetic cash position. Why do we assume number of ending shae is calculated by initial num of shares * div yield? Div yield should be multiplied by...
View ArticleShow you calculation question
Going through a 2012 CFA sample paper question 7 ask for “show your calculation” to determine leverage and duration.I deduced this using math. Then I noticed that CFA had a proper formula. Does anyone...
View Articlestrategy for rest of the weeks ?
Any recommended strategy for rest of the weeks? I have still not gone through the curriculum completely,stucked at Reading 29.Is someone in the same boat ?Tweet WidgetGoogle Plus OneLinkedin Share...
View ArticlePhysical exam details
Hi community! 2-year visitor, 1st time participant! Very simple question : what does the paper version of the AM section look like? Is it 2 booklets? One for the questions and another where we actually...
View ArticleExpected Utility
When calculating the expected utility, we should use the pre-tax expected return or after-tax expected return?In a question from Kaplan, they use the pre-tax expected return without considering the tax...
View ArticleNeed advice on vacation and studying
So I work a 50-60hr job, haven’t taken time off since last summer. I booked Florida for 1 wk mid-April, kinda need the vacation. Currently completing 2nd read at material, I’m starting book 6, should...
View ArticleCFA mock exam archives removed.....?
L3 retaker here.Last year, i used the link https://level3cfa2012.wordpress.com/2012/04/04/9-years-of-level-3-exams/ to access CFA morning mock exams dating back to 2005 through 2014. I revisited the...
View ArticleOpinion on Wiley
Is anyone using it? Does it worth the money?I don’t want to read through CFAI materials for the rest part of the curriculum, and don’t like Schweser’s either as they skip details which making it hard...
View ArticleWhen top-down, bottom up-preferred, tricky
Hi everyone,Just a quick question here, would appreciate some input from all you smart people here :)The Economic Analysis book (reading 16 equity market valuation), P144, it says that:- If companies...
View ArticleWhere to get actual questions of afternoon session of past CFA level 3 exam?
I would like to know how I can get real questions,multiple-choice questions,of afternoon session of past CFA level 3 exams?Tweet WidgetGoogle Plus OneLinkedin Share ButtonFacebook Like
View ArticleGIPS detail - how much do we need to know?
How much detail do we need to know? Do we need to write essay about this topic or is multi choice questions?Tweet WidgetGoogle Plus OneLinkedin Share ButtonFacebook Like
View ArticleRegurgitation of material...
Just venting a little - on the one hand I can see how it’s a good thing, b/c it implicitly implies important concepts and even reinforces them. That being said, surely there’s other means to do this...
View ArticleCompleteness portfolio question
Hi everyone,Hope everyone’s studies are going well. just a quick questionIn the Behavioral Finance book P355, can someone please explain why a client moves from a single low basis stock to holding a...
View ArticleCurrency values/monetary & fiscal policy
I have two somewhat related questions regarding currency appreciation/depreciation & monetary/fiscal policay that I was hoping someone could help explain or clarifyPage 160 of the Schweser notes...
View ArticleShould I quit?
2013 Band 52014 Band 10 (due to ethics <50%)2015 Band 6Frustrated…The more I study the worse I get…Cant overcome AM session?May be not my cup of tea:(Tweet WidgetGoogle Plus OneLinkedin Share...
View ArticleThe formatting of the answer pages has changed for the June 2016 exam.
Previous Exam Questions and Guideline AnswersPlease note: the formatting of the answer pages has changed for the June 2016 exam. The 2014 and 2015 exam PDFs below have been updated to reflect this new...
View ArticleCredit spread - Reading 21
Given tightening credit spreads and stable rates, the total return for longer duration bonds will increase. Wrong or right?Tweet WidgetGoogle Plus OneLinkedin Share ButtonFacebook Like
View Article