Schweser Practice Exams
For those that already took Level III exam, are the PM portions in Schweser good practice for the actual exam? How are they in terms of difficulty versus the real thing?CheersTweet WidgetGoogle Plus...
View ArticleOverthinking "command words"? Help Plz
Ok… as an example 2012 Morning Exam #1.C.iiSo it says “describe” one change in Alonso’s circumstance that has decreased his financial market risk in retirement.I responded with the 1st sentence about...
View Article2016 Mock Exam Errata?
Is there an errata [list] for the mock exam for this year? If so, I can’t find it, because this idiotic CFA institute can’t make stuff like this easy to find. Anyway, I think there is an error on the...
View Articlehow to practice afternoon section?
How do you practice the afternoon secion? Every past exam i found was for AM sections only. Is it possible to find past mocks / exams with afternoon sections?Tweet WidgetGoogle Plus OneLinkedin...
View ArticleWrite out formula ?
As part of our answer to questions for the morning, are we required to first write out the formula we are using?Also, are we required to label all responses, for example, After tax return, after tax...
View ArticleCFAI 2012 AM Question 8
Can someone explain 2012 AM exam Q8A? The question asks to increase bond exposure and decrease duration Current portfolio has 98M in bonds with a duration of 7.2 and wants to increase allocation to...
View ArticleGrading your AM section
how tough are you on grading your answers? I want to get your thoughts on if i’d get full credit for a question in the 2012 AM examThe question asks a. determine whether delport should buy or sell...
View ArticleRange of Delta
For a bull spread , if Long call is in the money and short call is out of money, why the overall delta is then very close to 1Tweet WidgetGoogle Plus OneLinkedin Share ButtonFacebook Like
View ArticleEssay Liquidity
When we answering the essay question about liquidity in individual IPS, should we include the living expenses and salary in the answer? I see the answer guide in Kaplan says if there is net cash...
View ArticleNeed Advice on Essay
I just finished the essay paper from 2011 to 2015. But I still feel lost about answering essay questions. I have planned to do all the essay from 1999 to 2015 before review the past paper I did. Isn’t...
View ArticleMinglu Li case
I do not get the question 3 about the calc of variance at all. This case is in tpic tests under cap markets.Please can anybody help me out?ThanksTweet WidgetGoogle Plus OneLinkedin Share ButtonFacebook...
View ArticleReading 27 - Exhibit 1 - Question on Option Delta
In exhibit 1 (“Walnut Coropration”) the option chart shows the delta increasing. The current stock price is 67.79, I thought that the delta should be 0.5 when an option is at the money, however the...
View Articleasynchronised data
“High frequency data are more sensitive to asynchronisum across variable and as a resut, tend to produce lower correlation estimates.”Can anyone epxlain this?Tweet WidgetGoogle Plus OneLinkedin Share...
View ArticleMacro Attribution Analysis
Reading 32 LOS l. states “demonstrate and contrast” the use of macro and …..It doesn’t say anything about calculating anything like in micro, but in the CFAI readings it has different formulas for...
View ArticleDuration formula clarification / enhanced understanding
This question arose out of Question #27 of the 2016 CFAI Level 3 AM Multiple Choice Mock Exam…I know the formula to calculate the number of futures needed to change bond duration is:([Duration Tgt. -...
View ArticleCFAI III 2016 AM Mock Multiple Choice -- Application of Derivatives - Watanabe
I am specifically referring to the ‘Application of Derivatives - Watanabe’ vignette from the CFAI III 2016 AM Mock Multiple Choice…Why do you use the cash duration of .25 in question #31, but not in...
View ArticleHedge/Don't Hedge Rules
Does anyone have helpful tips on remebering when to hedge or not hedge foreign currency exposure? Tweet WidgetGoogle Plus OneLinkedin Share ButtonFacebook Like
View ArticleReducing tracking error and active risk
Questions asks is this statement correct or incorrect: “if we reduce the tracking error of the manager with the highest active risk, this is very likely to reduce the plan-wide active risk of the...
View ArticleHow are people reviewing their weaknesses?
About 6 weeks left, was wondering how people are reviewing areas they haven’t done to well on?I’m planning on re-doing the questions I got wrong but I was really debating if I wanted to re-read certain...
View ArticleLeptokurtic vs Normal Distribution
HiWould someone please be kind enough to clear up the below?At higher levels of significance (1% VAR), a leptokurtic distribution will have a lower standard deviation and therefore a higher VAR...
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