Just venting… I am rapidly approaching 400 hours study time since February and at least once or twice a day I find some querky formula or concept I’ve never seen before (or recall seeing at least).
I guess my mistake was reading through the Schweser abbridged curriculum and not the CFAI curriculum.
This afternoon I came across the “mid-market forward premium” in ECON. Apparently, mid-market implies you simply take the mid-point between the dealer bid-ask spread. It’s so simple yet I have no recollection of coming across it before.
Anyone else runnig into weird one-off formulas? Please share them:) Especially share if they are the short intuitive formulas like the one I mentioned above.
… 4 more days until I can drink all night on Saturday and play video games all day on Sunday. It’s going to feel like heaven.