Show calculations

CFA Level III
#1

Do you have to show the formulas too? For instance, if the question asks you to Show Calculations and you are solving for the Sharpe Ratio, with R=15%, RFR = 3% and SD = 20, is it acceptable to just show the calculation

SR = (15-3)/20 = 0.60 or,

do you have to show the forumla

SR = (Rp - RFR)/SD

#2

You don’t have to show the formula, but it might get you some points if you mess up the calculation; showing only a wrong answer is worth zero.

#3

:+1:

Part marks might indeed save your bacon!!!