There seems to be a conflict between economic theory and finance calculation of nominal risk free rate.
NRFR = (1 + RRFR)(1 + inflation) - 1
whereas Fisher Effect in macroeconomics state it is a simple addition
NRFR = RRFR + Inflation
Does anyone know the mathematical or logical reasoning behind it? The difference is marginal at best, but what’s the logic in compounding inflation with RRFR?
I recently took the CFA Level I exam in June 2017 and unfortunately did not pass (band 7).
I am planning on re-taking the exam in June 2018, and was wondering if I should buy anymore study material (considering I have all the CFA textbooks for 2017).
Any advice or comments most appreciated.
Thanks in advance.
I am preparing for the December exam - have been studying since April. I have been reading through the CFAI curriculum (no third party providers), and watching Mark’s videos whenever I get stuck in a certain topic. Currently, I am more than halfway through FRA (which is a struggle, given my non-finance background) and have Econ and Ethics left.
First come first serve. I have 2 of these bad boys in great condition. Bought them new. Send me a PM if interested. I will throw in unopened spare batteries also. You will have to send me a prepaid envelope if interested. Here’s the link for envelope:.
Any level 1 tutors in Westport CT?
Hi folks, I would like to know if it’s posible for me to register for the June 2018 Level I exam before the early registration deadline (so as to take advantage of the lower price), given that I am currently in the fourth year (out of five) of a bachelor’s degree and I will be in the last year at the time of the exam (99,5% sure about that). If u don’t know what to answer just tell me if the cfa institute asks for a certificate after having paid the fee. My worry is paying the fee and then not being able to sit just because i enrolled for the exam before being in my last year.
Is it possible to get old mock/orginal exams. There are couple of old links which mention that for level 3, but not for level 1.