Active Currency Management
If the spot exchange rate is 1.100 USD/EUR and 6 month forward rate 1.133 USD/EUR, the market consensus expectations is that the EUR will appreciate. True or False. ? I thought true - b/c 6 months from...
View ArticleGIPS Question
Hoping to clarify a GIPS requirement, specifically around the 5 year minimum required to be able to claim GIPS compliance. I know it says 5 years minimum or since inception. Does that mean that as a...
View ArticleAsset Allocation - Choosing best allocation from several options
Hi, when Before tax Expected Return of various asset allocation alternatives eg A, B, C, D given - and a tax-rate is given, do we 1) calculate after-tax return for each alternative ?2) then look at...
View ArticleEstate Planning - pg 152 (Solutions section)
Hi there, trouble with below answer:'It is not appropriate to use the expected return of the assets used to fund spending needs to calculate the capitalized value of their core capital needs, because...
View ArticleCFA Level 3 curriculum changes
Hi All,Found this link on a forum. http://irfanullah.co/wp-content/uploads/2014/08/CFA-Level-III-2014-2015-Program-Changes.pdf
View ArticleEstate Planning - pg 152 Answer 2B in Solutions
Hi there, trouble with below answer:'It is not appropriate to use the expected return of the assets used to fund spending needs to calculate the capitalized value of their core capital needs, because...
View ArticleMonitoring and Rebalancing Ch 31 = chg in investor circumstances
Ch 31 - Solution to Q3 A They say in the Claire Wisman question: Retirement portfolio$6,185,967 = $1,343,000(1.063)25[6.3% is the after-tax return assuming the portfolio makes bw 8-10% pa]Retirement...
View ArticleL3 progress
I thought this would be a good thread to get started so we could all track our study schedules. Personally Im in my first run through of Schweser on SS 8. My first go around entails reading, taking...
View ArticleCFAI Old Mock Exams
Has anybody taken any of the old CFA Mock exams that they put out on the CFA Institute Site? I wanted to get everybody's take on what they think in comparison to Kaplan. Also, the Institute gives you...
View ArticleCFA III point values
I'm looking at some of the mock morning session exams but there are no points values associated with any of the questions, only suggested times. I've used those as a proxy for point values. Is that...
View ArticleDo I round off all answers and steps while arriving at answers? Please help
I have been working through practice problems and i always use 4 decimals prior to final answer and at least 2 decimals on final answer (ie money would have 2 decimals for cents). On the schweser Mock...
View ArticleFormulas....do i need to use the formulas used or taught?
I use different versions of the formulas many times (ones more intuitive to me) or i use the PV = PMT = I/Y = N = FV =? in many instances. But many times there is a formula such as the ones related to...
View ArticlePassed l level 3... Zero experience...
I started the CFA program 3 years ago out of curiosity. I passed the level 3 exam in June. However, I have zero work experience and I don't intend to work full time for 2 more years as I'm currently...
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