CFA Study Curriculum
Hi there,I am preparing taking the August 2021 Level 1 examination.This will give me 6 months to prepare,if registered in February 2020 early registration deadline.But my question is,because of...
View ArticleL1 Study Process
Hello,I am registered to write the L1 in February and with pretty much exactly 6 months until the exam it's time to start studying hard and planning. I have a pretty good idea of the number of hours a...
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holding period return confusion
Can someone explain this? I thought the holding period return formula was End Value/Beg Value - 1?An investor purchased 725 shares of stock at $40 per share and posted initial margin of 60%. He...
View ArticlePaper sheet for the computer based test
Hi all,I'm pretty new here, but I see there is a significant change in the CFA Level I test, from paper based to computer based.I just registered for the Feb'21 (computer based) but I cannot find any...
View ArticleQuantitative Methods
Anyone know how to solve this on a calc for NcR? A portfolio manager has a tight tracking error of 50 basis points. The manager expects to be within this tracking error for a given quarter 85% of the...
View ArticleTVM
Why on this question are you taking 4000 by the power of 6 vs 8? Refer to the solution below. I am confused as to why they are using 6 vs the power of 8. Can someone help?A saver deposits the following...
View ArticleFixed Income Risk and return
Hello,Thank you for your help in advance. May i ask you a question as to why in the solution has it in the effective duration formula as the 0.001 rather then using 0.5%. what indicated 0.001? The...
View ArticleWhat are some short readings for level 1?
I am sitting for the exam on December but the grind has been frustrating as readings take really long to finish, making the progress seem very slow. Can you suggest some short readings that can be...
View ArticleAugust/November 2021
Hi im considering sitting the CFA level 1 in August or November in 2021 if I register now, will I get the materials for then or am I too early ? I want the print editions of the books too from CFA...
View ArticleUsing 2019 Schweser Notes for 2021 exam?
Hi, I am considering taking the CFA level 1 exam in 2021, and I saw online in recent posts that the materials will stay the same for 2020.But what about using 2019 Scheweser Notes for 2021 CFA L1 exam?...
View ArticleFund of fund fees
Based on the following question, I have a doubt in terms of how explicit the questions in the exam are and what we should and should not assume.Ash Lawn Partners, a fund of hedge funds, has the...
View ArticleIs it worth doing CFA LEVEL 1
Hi So I want to go into long/short equity trading (hedge fund ideally) and I would like to ask, is it worth doing the CFA ? I am hearing from some people that it makes a difference and makes you stand...
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Diff in means test
Can someone explain the answer better for this question? I am confused as to the "why" on this question. Said another way, what do they mean by "We just calculate the denominator (STD error)...
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Rejecting the Null
Hi --Can someone explain the differences between A and C?Robert Patterson, an options trader, believes that the return on options trading is higher on Mondays than on other days. In order to test his...
View ArticleCan you bring 2 calculators to the exam?
Can you bring 2 calculators to the exam? What do people do to hedge against dying batteries? Is it allowed to bring extra batteries to change?I have both HP 12c platinum and BAII Plus and was planning...
View ArticleKaplan versus UWorld QBanks?
Both are free (at least for now) - has anyone compared them? Thoughts?Kaplan:...
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Exchange Rate
Can someone help out with this? I thought the base is CHF.. In which it should be .8(1.1/1.04) = .8462Question from kaplan below..The annual risk-free interest rate is 10% in the United States (USD)...
View ArticleHow did you study for CFA level 1 and pass?
I started studying 4 months before the test using the Kaplan material. Read through it all once, then started over and read through it again making note cards the second time and doing questions in the...
View ArticleIFRS v. US GAAP
Does anyone have or know a resource that does a good job summarizing the differences between IFRS and GAAP reporting? I just finished reviewing Financial Reporting & Analysis section and seems to...
View ArticleNFV of uneven cash flows compounded semi-annually
Hey guys, Quick question here. I'm struggling to find any information online of how to go about calculating the NFV of uneven cashflows if the interest rate is compound semi-annually. Is it possible to...
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