CBOE volatility index
Alright so maybe this is really minor in relation to the stuff we have to know, but nonetheless I want to understand!On page 639 of book 1 CFAI it explains the CBOE volatility index (VIX)It is stated...
View Articlewarrants
Why is this true: "An increase in average market price could cause Zachary’s warrants to go from antidilutive to dilutive. If the average price of the stock increases during the year, the warrants are...
View ArticleHow do you suggest to tackle practice exams/questions?
What do you think is the best way to go?Should I go topic by topic and do a bunch of questions, or should I do like mocks (full) at a time? Also, do you suggest to say take a morning mock and do that...
View ArticleBest study questions
If you had the Schweser study books, Schweser mock exams, Schweser on-line q-bank and CFA books which questions would you focus on in the last few weeks before June?
View ArticleFormulas on exam day
So to make it clear....(question)You are not allowed to carry any formulas on exam day?In the end (in real life scenarios) you have formulas in front of you....problem is which one to apply. Just...
View ArticleEquity - Market Efficiency
Found this question during my practice exam. Didn't understand Schweser's answer.Q. Under which of the following conditions are market values of securities most likely to be persistently greater than...
View ArticleExhibits?
Do you learn what the exhibits say or do you "skip" that stuff?Because sometimes it goes off into "stories" about some country's policy or something that happened back in the day or whatnot...I wonder...
View ArticleEOC questions difficulty representative of what we can expect? (or expected...
So the stress is piling up so forgive me if this topic was already thoroughly discussed in other posts hahaAre the EOC questions good enough in terms of difficulty? Or would you say they're too basic?...
View ArticleDiluted EPS - Mock Exam Question - Why is my answer wrong?
This is my first time posting. Below is a sample mock exam question:A company has outstanding the entire year 100,000 shares of common stock and 50,000 shares of convertible preferred stock. Each share...
View ArticleEthics - Practice exam doubt/disagreement
The question being:Q. Sue Seros, CFA, is reviewing the performance of Arithamatics, Inc., which she has placed in several client accounts. She believes a recent purchase in its price may present a...
View ArticleInventory/Sales Ratio
Good Day Everyone, This indicator has always given me trouble. May someone please explain it to me with reference to the business cycle stage that it indicates? E.g If inventory/sales is rising/...
View ArticleMock exam scores
How well is everyone doing on mock exams? If you could put down what mock you took (CFAI, Schweser, Elan etc) that would be good to get an understanding of where we stand...
View ArticleFRA - Dilutive securities
Question from practice exam:McLoone Company's basic earnings per share is $1.20. McLoone has $10 million par value of 5% preference shares outstanding that can be converted into 400,000 common shares....
View ArticleIs CFA the right decision for me at age 26?
Hello,I did my Bachelors in Commerce in the year 2008. Since then I have been working with Willis. It is an insurance broking firm. and I am into back end operations. As you can see I do not have any...
View ArticleMargin calls: futures vs equities
What's the difference between the two? If my memory serves me right, a margin call for equities requires an investor to post variation margin up to the MAINTENANCE margin level; a margin call for...
View ArticleTest Prep and Test Day practical tips
I took the lvl 1 test in dec, and will be taking it again here in about a week. There are a few things that I have done differently this time around and I thought I would share them here.I think the...
View ArticleEV/EBITDA clarification
Which of the following multiples is most useful when comparing companies with significant differences in capital structure?A. EV/EBITDAB. Price-to-book ratioC. Price-to-cash flow ratioA is correct. The...
View ArticleSchweser EOC concept checkers reading 6
Hi all, in the schweser notes of reading 6 concept checkers the following question is mentioned:which of the following statements least accurately describes the IRR and NPV methods;A. The NPV tells how...
View ArticleFIFO/LIFO
In certain questions, it is asked whether ending inventory, COGS, gross profit etc are higher or lower under FIFO and LIFO.But we know certain things already, i.e., under LIFO, COGS are higher, gross...
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