Is it just me or is anyone else shocked at the brevity of the practice test answers for Schweser practice exams. It looks like the old CFAI exam answer keys include a lot more info…
I don’t think we’re expected to provide as much details as old CFAI exam answers.
This may be true for Volume 1 (book six) but it does not appear to be true for Volume 2 (book 7). http://www.schweser.com/downloads/demos/2007_CFA_Sample_L3_Practice_Exam.pdf Look at part A. Seems easy enough, right? Then you get to the answer and see that the six points are divided into four answer parts. Holy smokes, are we really supposed to include FOUR answers to get full points? I took the practice exam and got the first two, and could have written the third answer, though I thought the first two were sufficient. I am starting to get really worried that I am not going to answer these questions correctly. Any L3 retakers here that can comment on this?
Ok, Cash Flow hedge and Fair Value question for #15 kicked my asss…
A schweser sample of their exam for those to evaluate.
I thought we’d kissed CF hedging and Fair Value hedging goodbye?
i hope so…b/c i had no idea what they were talking about…
No need to write in paragraphs. you can be precise and up to the point. graders look for answers to the question not a storyline… bullet points are better since it is easy for graders to evaluate.