Change in basis points clarification...
What's the rule to find the change in basis points in decimals for the duration calculation?D = ( P if yields down - P if yields up ) / (2*initial price* change in yield in decimals)In one question,...
View ArticleQuants - Impulse Wave and Corrective Wave
Just noticed that Schweser has nothing to say about this in their LOS of Elliot Wave Theory.Luckily, i found it in my Elan 11th Hour guide.Hmph. Just sayin'.
View ArticlePerpetual vs periodic inventory system
Could somebody clarify to me please what the effect on COGS and gross margin is for perpetual system vs. periodic system?I know under FIFO the two will have the same COGS and same GM.Under LIFO and...
View ArticleValuing a preferred stock
Preferred stock of 6$ dividendsustainable growth rate of company is 5%yield on comparable stocks is 11.5%marginal tax rate is 30%value the stock of the companythe answer is 6/0.115 = 52$why did we not...
View ArticleQuery on a question in module
In econ module, reading 14, question 4"4. If a consumer’s marginal rate of substitution of good X for good Y (MRSXY) is equal to 2, then the:A. consumer is willing to give up 2 units of X for 1 unit of...
View Articlelevel 1 mock errata
does anyone have a link to the cfai level 1 mock errata? i can't seem to find it anywhere. thanks!
View ArticleCFA Tips gone weird?
Okay, so i'm part of this group on Facebook called "CFA Level 1 June 2013". People usually ask questions and doubts.Occasionally, you find people giving tips, which is good and helpful. But today, i...
View ArticleEthics: material non public vs independent and objectivity
"Janet Jackson was recently hired as the new compliance officer of Long Beach Securities. Upon orientation of the firm, she learns that the head of research is also responsible for the junior analysts...
View ArticleQuants: confidence interval vs z value vs chebyshev's
So i am revising quants, and i cant understand the difference between i)Chebyshev's inequalityii)Confidence Intervaliii)Z-valueiv)t-valueThey all seem the same to me!
View ArticleCFA along with MBA?
Hi,I graduated in Statistics and then worked as a Business Analyst in Financial Services for a year. I have just taken admission in a good MBA college. I'm looking to do my specialization in Finance,...
View ArticleCFAI vs Schweser
Lately, i've been seeing a LOT of discussion pertaining to this matter and honestly, it's freaking me out.I've finished 6 schweser exams and i'm about to do my 7th mock which is the CFAI mock. But...
View ArticleQuestion on Dividends Payable vs Paid and effect on Retained Earnings
Hi all,I'm trying to get some clarity on how Dividends Paid vs. Payable affects Retained Earnings.Looking at the formula: Ending Retained Earnings = Beginning Retained Earnings + Net Income -...
View ArticleAre you are sitting for the L1 this December? If so, when are you going to...
I am curious to see when everyone plans on launching their studies for the Level 1 this December. I am going to start next week with 5-7 hours or studying and then will slowly ramp up to get adjusted...
View ArticleLabor, capital and technology
This comes from the Schweser Q-Bank, I'm not sure I understand their rationale. How do the percentages they present you with in this question factor into figuring out how to answer the question? Below...
View ArticleDiffenece between various rates of interest
i know what an effective intt rate is. and also stated rate concept is clear.but how do u know which is which in a question. it always seem the opposite to me.also BEY, is that just the double of semi...
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EAR on the calculator
I didn't understand what the empty boxes are supposed to be. Can someone clarify this process please?Thanks!
View ArticleQM - Answer Explanation Re Time Value
Hello everyone, May someone please help me with respect to the following question? It is:Jack Long, CFA, is evaluating the retirement account of John Smith. Smith currently has $500,000 and will retire...
View ArticleLevel 1 - Exam Experience
Overall the day went pretty much as expected however there were a few things that made the day interesting. First of all let me tell you that I had one of my best friends weddings the NIGHT BEFORE THE...
View ArticleMost Difficult topic in Level I
Just out of curiosity... what was the most difficult Level I topic you studied?I struggled to finish Quantitatives... It took me almost 2 months to have all ready and cleared in my mind, and I had to...
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