Was the exchange rate for CHF-USD given. Did some need to be converted from CHF to USD?
Yes. Exchange rate was 1.05
yes, I think it’s 0.003million or small number( answer),right?
Ya I thought this was pretty dirty by the cfa, there weren’t many examples were you had to convert. I felt pretty bad after the exam when I mentioned it to someone and they kinda looked at me blankly when I mentioned “exchange rate on the futures.” That’s tough.
The Schweser 5day seminar in dallas went over this exact type of problem. At least it paid off for something!!
I spent 5 min to find exchange rate. really thought that they forgot to give it )) but finaly found 1.05 BTW they didn’t give Debt rate in WACC calculation at AM session?
Probably the same face I just made…FML doworkson Wrote: ------------------------------------------------------- > Ya I thought this was pretty dirty by the cfa, > there weren’t many examples were you had to > convert. I felt pretty bad after the exam when I > mentioned it to someone and they kinda looked at > me blankly when I mentioned “exchange rate on the > futures.” That’s tough.
I thought it was dirty for CFAI to make you convert currencies for all questions until the last one that was in USD. Wasted 10 mins before I noticed it was in USD.
At least I got 1/4…lol
this was bs of CFAI in my book. i saw the exchange rate and all they were trying to do is trick people.
Yeah, I really feel bad for those who missed that because frankly that was not testing people’s knowledge. It was easy to miss it.