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failed level 1 with band 8

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I failed December 2014 level 1 exam with band 8. From what I can remember, questions with calculations were okay, but those based on just concepts were hard for me.
Even though I got around 70-75% on CFAI mock exams, the actual exam felt really different from the mock exams. I think I need some study tips for theoretical questions.. Should I just spend more time reading and understanding the study materials? I felt like something I have never seen came up on the exam and felt so stupid..

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