In an effort to minimize # of formulas to memorize
I realize I should know the answer to this question 36 hours prior to the exam, but I don’t.For the AM section, does it matter if we know the appropriate formula? There are a decent amount of topics...
View ArticleConvexity
Sorry copy-pasting from another question, but when convexity of liabilities is less than convexity of assets, we have: When interest rates increase then Decrease in liabilities > Decrease in assets...
View Articleprincipal trade vs ecn
when would you use principal trade instead of an ECN?Tweet WidgetGoogle Plus OneLinkedin Share ButtonFacebook Like
View ArticleI'm not even Catholic but I'm sending this up to the big Guy
http://www.ecatholic2000.com/pray/prayer50.shtml“This powerful prayer is very effective in examinations. It has to be said before appearing in the examination. There are two variants to this prayer....
View ArticleCapital Market Expectations: Calculating Std GIM
Problem inputs:Std Dev US real Estate: 0.14Covariance with GIM: 0.0075 Integration with GIM: 0.60Sharpe GIM = 0.36Rf = 3.1%Expected return GIM = 7.2%Cortez’s colleague Jason Grey notes that U.S. real...
View ArticleItems sets CFAI website
What do people think of the CFAI item sets, are they any good? Haven’t done them and tossing whether to have a look or re-do/skim a mock.Tweet WidgetGoogle Plus OneLinkedin Share ButtonFacebook Like
View Article2016 mock exam afternoon session Q18
I can undestand why the bullet choice is right, but I can’t tell why the potable and callable is wrong. Can someone help me on this please? Thank you so much. Wish all candidates good luck the day...
View ArticleEffective beta
Effective beta, not sure where i am going wrong:Equity portfolio is 20m. Allison sold 100 NASDAQ futures at 124,450. During the quarter the market decreased by 3.5%, the value of the equity portfolio...
View ArticleApplication of Derivatives - Allison
Question 2 asks:· Client B’s portfolio holds $40 million of U.S. large-cap value stocks with a portfolio beta of 1.06. This client wants to shift $22 million from value to growth stocks with a target...
View ArticlePens on PM
Are we allowed to use pens on the PM Section for calculating answers? (i.e., not using them to bubble in the answers but to write out equations, formulas, etc.)Tweet WidgetGoogle Plus OneLinkedin...
View Article2015 AM Q9 - B
Hi - guys, a quick one. if a portfolio manager chooses to hedge a currency, does it imply that the standard deviation of the portfolio will remain intact (ie not affected by the currency component...
View Articlelast min IS overview
Just wanted confirmation that I got my IS right.explicit costs = self explanatoryP/L = (shares exec/shares ordered)*((exec price - decision price)/decision price)delay = (shares exec/shares...
View ArticleValue motivated trade
The CFA material states that a limit order is best for value motivated trade. But wouldn’t that depend on whether the stock is currently held?If my DCF shows the market price of the stock is trading...
View Articlewould callable bonds also underperform non callables if theirs spreads narrow?
as in the case for a decrease in interest rates…Tweet WidgetGoogle Plus OneLinkedin Share ButtonFacebook Like
View ArticleTest Taking Strategies
For the passages and question sets for the multiple choice I was wondering what people’s preferences were for either reading the whole passage and then answering or answering while you read? I was also...
View ArticlePassing on the Fortune cookie luck
This is the best fortune cookie I ever got in my life. It worked for my Level II, hopefully it will bring the same luck for Level III to us all!!Not sure why I can’t post the image, but here you go:You...
View ArticleAM had 10 Questions?? unlike prior 3 years
Am section had 10 Qstns unlike 2013, 2014 and 2015. Probably, that is why many guys finished with time to spare.That said, I used an ‘unerasable pen’…. will they grade my exam???Tweet WidgetGoogle Plus...
View ArticleAM and PM are equal weight right?
I know the score is 180 for each section but are they also weighted equally for each section? They’ve never specifically said if it is or not but it’s always been implied to my knowledge. But just in...
View ArticleCFA Level 3 2016 Videos
Does any one have Arif’s Video lectures for level 3? I Put a message to buy level 3 videos on Arif’s website, and Still didn’t get a reply. :\So i Would like to buy from someone who is having the...
View ArticleAaaand another Schweser vs. CFAI question!
With feelings still fresh about how everyone handled the exam and levels of preparedness, it’s probably the best time to ask this.I went CFAI cover-to-cover although I used Q-Banks and did watch...
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