Multiple Choice L3 vs L2
How does the multiple choice section stack up for level 3 vs level 2. In my opinion L2 was very tough because it was very formula intensive and you had to solve for 2 different things get 1 answer. Are...
View ArticleMaterial nonpublic info clarification?
The text says that you must make a reasonable attempt to make otherwise material, nonpublic information public. Does this mean that so long as you try to make it public that you can then use it even...
View ArticleMemorizing the material vs. Level 2
Generally speaking, I’m not in panic, as i am still on schedule and already put nearly 150 hours in. But there’s one thing that really scares me:I am wondering how to memorize all the material from the...
View ArticleL3 - SS - Difficulty Level
Hi All,Just started L3 preparation for June. Finished my L2 back in 2009. Just was wondering for the people who have taken L3 or have passed. Which study sessions were the toughest one or difficult...
View ArticleThe world should just use Bitcoins
I wish there was just one global currency so we didn’t have to deal with this dark magic …can someone explain to me covered interest rate parity and uncovered interest rate parity? In reference to Vol...
View ArticleEffective spread
I understand these:Effective spread for buy: 2 * (execution price-midquote)Effective spread for sell: 2 * (midquote - execution price)What I don’t understand is how does effective spread capture price...
View ArticleAligning fixed income risk exposures?
Do you have to match every risk factor discussed (duration, KR duration, sector, quality, etc) to have the same risk profile? Or is the goal to match a few?is Prsent Value distrib of cash flows the...
View ArticleHow do you use the analyst forum for exam preparation?
How do you use the Analyst Forum as a tool to prepare for the exam.I know this is a pretty basic question but I am curious how everyone uses this site for their benefit.If you haven’t seen the specific...
View ArticleDoubt - Determining the target return (Immunization concept)
Hi,Can somebody please help me understand this statement in the curriculum?“In general, for an upward-sloping yield curve, the immunization target rate of return will be less than the yield to maturity...
View ArticleRisk tolerance- BH, CM, CPPI
Can someone please validate my understanding?All three rebalancing straetgies- Buy and Hold, Constant Mix, and Constant proportion of portfolio insurance fits investors with increasing risk tolerance...
View Articlewhich reading or SS is everyone at? Report here!!
I am about to start Reading 14…lifetime financial advice! Yeah I know I am very behind!!
View ArticleTaxes
Hi,I have a q relating to reading 11- taxes:The formula for cap gain taxes adds back the tax rate, which is confusing to me. Why is that added back?Thanks in advance.
View ArticleSchweser Volume 4, Reading 27, Concept Checker #11
In the solutions to this question, Schweser divides Euro8,170,000 by 1.04^2/12. I do not see why this figure, which is a spot value, is discounted 2 months. I understand why the forward price is...
View ArticleCFA Program Practice Tests
I think that’s new for this year. Anyone try those yet?It’s located in the CFAI candidate website, then in Home/Programs/CFA Program/Candidate Resources
View Articlequery regarding study time taken
i was going through finquiz level iii time table. they have allotted 14 days for alternatives. I don’t know if its adequate or too much time. how many hours per week are they assuming? i am devoting 18...
View ArticleSchweser videos? or wait for Elan? study plan help!
I’ve been reading the CFAI books (I’m on SS15) and I plan on being done by first wave of the material by mid-Feb. I haven’t done the EOC questions, but have skimmed them and the answers.my goal was to...
View ArticleImplied net amount to be borrowed...
…after the cost of the call(interest rate options). Having a little trouble understanding what this actually means. Any help would be appreciated.Thanks
View ArticleContingent Immunization?
The blue box problem on Schweser pg 34 says the asset duration is higher than the liability duration which is why it increased in value more when rates dropped. Looking at the problem though, the liab...
View ArticleErrata for L3 2014 Curriculum
Has anyone come across errata for the 2014 Level III curriculum?
View ArticleApplying CFA material to real world...
Hey guys,so i’m trying to understand what’s going on with the market by using what I’ve learned so far from the CFA materials. I think doing things like this is a good way to get a better understanding...
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