Anyone else see the email this morning from the CFA stating problem sets may have more or less than 6 problems each? The total number of MC questions will be the same. It’s a little bit of a curve ball but I wish they had decided this earlier so prep providers could have made the right kind of practice exams. Also, I think all of the CFAI topic tests have 6 questions too, which isn’t the right preparation.
I think this is a way for the CFA to squeeze in more topics rather than have one off questions within other vignettes. Thoughts?
When it says “including” first home proceeds they need 3000000 in 10 years then why should we deduct future value of first home from that ( it is already mentioned that 3000000 includes that) . Please clarify.
For this question regarding the applicable behavioral biases, the answer was illusion of control and mental accounting. I believe CFA chose these as the answers as these are the biases listed in this particular chapter.
Anyone know when they’re expected to be released?
Is the below answer the level of detail that the CFAI is looking for in the AM answers? The below answer describes how a covered call works in a yield enhancement strategy. I mean, is the assumption that the candidate knows absolutely nothing and f.ex if he doesn’t explain what happens if stock price finishes above strike, the grader assumes that he doesn’t know ?
Hi all, I am starting go through the CFAI questions and hit a hard rock.
Can anybody please explain to me how to use FVAADV in the below answer. Looked it up on the CFAI book, still don’t seem to grasp what they are using.
Thank you so much for your help.
Educational funding for Anna:
Is the AM writing portion one big blank space, or is it lined paper like the paper from school?
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