Do we need to write ERISA, UMIFA etc as legal constraints?
HiIn the eoc question of RR13, the answer for formulating KPS of a foundation, ‘the foundation is governed by UMIFA’. Do we need to remember these institutions name and answer ?Tweet WidgetGoogle Plus...
View ArticlePractice exam vol1, exam 3 PM
Where can we find the duration (9.9) in the question 52?Tweet WidgetGoogle Plus OneLinkedin Share ButtonFacebook Like
View ArticleRounding with calculator
So when we are doing calculations, we need to simplify at each step to 2 decimal places? So in no. 1. below, I have used the 2 decimal places, while for no. 2. I used the exact figures. The answers are...
View ArticleOld CFAI Mock PM Multiple Choice Questions
Has anyone been able to find old CFAI MC questiosn online? I’ve been able to find old AM essay exams, but no PM sessions. Any thoughts on were we could find some?Tweet WidgetGoogle Plus OneLinkedin...
View Article2016 CFAI Mock Topic Test
I just need a quick moment to vent, but does anyone else find some of these mock topic test to be a little frustrating? IMO I feel like some of these question sets are written horribly and don’t do a...
View ArticleAdding or compounding returns
Hye guys, this seem not straightforward at all to me: when should I add and when should I compound returns? It makes a lot of difference, especially if you have to select a suitable portfolio among...
View ArticleConservatism bias vs. anchoring and adjustment
What is the difference? Aren’t they both just emphasizing original data, but a&a is more numbers based original data (forecasts) while conservatism is more broad? Is A&A a form of...
View Article2009 AM Question 1Aii
Can someone please explain to me why the answer to 2009AM Question 1 part A section ii in the return requirement grosses up the net expense need for taxes? The correct answer calculation is...
View Article2009 AM Question 3Ci
Can someone please explain in 2009AM Question 3 part C section i why the liquidity requirement is calculated as 5.045% of $10M = $545,000. In Exhibit 1 of the write-up the text says “intends to make...
View ArticleIndividual IPS: rate of return
The question asks for after-tax nominal rate of return that is required for the next year. So rate of return = net cash flow / investable assets I have seen an answer (past paper 2008 question 1) that...
View Article"Go Study" for Level III
Has anyone purchased Go Study’s Level III Cram Guide or Complete Package?Tweet WidgetGoogle Plus OneLinkedin Share ButtonFacebook Like
View ArticleWhat percentage do most people get on the AM section?
Just curious where I should be landing with my mock exams for the morning? what is typical?Tweet WidgetGoogle Plus OneLinkedin Share ButtonFacebook Like
View ArticleTarget duration = Cash duration
If the client states that they would like to maintain the current duration of the bond portfolio. And the cash duration is given. Should this (cash duration) be taken as the Target Duration when...
View ArticleKingsbridge case
Question # 20 in 2015 Mock:I got this wrong. I took the portfolio value as 150 MM while they took 300. This 300 includes the debt. It is not the real portfolio to hedge against.So who is correct...
View Article2010 Essay Question 8 Part A
Can someone please explain the answer to this question to me? It is a rebalancing problem and the case states that corridor widths are set at +/- 10% of the target allocation. The UK Fixed Income...
View ArticleCFA 2013 mock Question 7 C and D
Are these questions part of 2016 curriculum ?? WACC and all …sounds unfamiliar to me !..Tweet WidgetGoogle Plus OneLinkedin Share ButtonFacebook Like
View ArticleWiley 11th Hour
Is anyone planning to use it? Does not seem to have been released yet. Used it for L2 last year and found it really useful. Tweet WidgetGoogle Plus OneLinkedin Share ButtonFacebook Like
View ArticleTrading Monitoring rebalancing: Ahmed
Hello ,I do not understand the curriculum on the trader responsability of trading costs.The CFAI states (reading 29 page 25) : Implementation shortfall can be analyzed into four components:- Explicit...
View ArticleTime of trade vs Time an order is entered
Hi,I have a hard time to see the difference between the curriculum (exhibit 2 + exhibit 3) and the application to a vignette case (Q1 of ahmed)In the reading 29 (page 12) , one is given the following...
View Article30 MORE DAYS FOR MY CFA L3 ROD STEWART FANS
https://www.youtube.com/watch?v=J6m0fnFTVQEThe best part is the synthesizer after “Dont let em ever change your point of view” Am I Right?Tweet WidgetGoogle Plus OneLinkedin Share ButtonFacebook Like
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