June 2015 Mock Exams

also,

there’s no corp fin in 2015 mock?! that’s very realistic =)

There was. It’s the case about candy manufacturers.

Schweser 1 - 69.2%

Schweser 2 - 72.5% Schweser 3 - 75% Boston Society - 75% Schweser 4 - 80% CFA Institute - 64.2% My god, the CFAI test was really hard, especially the morning. I’m a little surprised I did as well as 64%. I’ll be spending the day reviewing it.

You did six Mock Exams already? And with those scores?!?! Holy Cow - you might as well just ace Level 2 today.

AM Was incredibly hard. I did 71% but I ran out of time and took 10min more… PM was better, but I flunked ethics (4/12), and got 65%

Thanks for the video. Watched it on the way to work today and as a re-taker I have to say I strongly disagree. I was getting 60% on mocks last year and I ended up band 9. Scoring 50-60% is not where you want to be. 65%+ is where you want to see yourself. If you’re getting 55% you’ve got work to do.

Right now I’m doing a half mock per day, seeing what I’m getting wrong then studying those areas. Seems to be working but you never know what they’re going to ask you on exam day. Hopefully the stars align and you get what you’re strong at but be prepared for anything.

Were you scoring 65% on CFA Mocks? Or Schweser?

I’m pretty sure that all the vignettes that can be found in the second CFAI mock are in the CFAI assessments. From my count there were 2 half CFAI mock exams and 66 extra vignettes. I’m thinking 20 of those vignettes make up the second cfa mock exam. You could actually do 4 full CFAI mock exams if you split up all the extra assessments (plus one extra vignette).

I only did 3 mocks last year and got around 60% on all of them, two cfai one’s and one schweser. The real exam had item sets from readings that weren’t in any mocks I did so you never know what you’re going to get, but in my opinion 65 or higher is what you should be going for on mocks. I found the cfai mocks to ask the questions in a less straight forward way than on the real thing, but you still need to know the material to answer it. Make sure you know the new readings for this year as based on past experience and what I’ve heard from friends there is a very good chance we will get something on them

Completed CFA AM and PM mocks.

AM - 70%

PM - 72%

AM I felt like I guessed constantly. Was very difficult.

PM I thought I did well but ethics killed me. Got 33% on both ethics sets. They’re all so tricky no matter how much you practice.

I used Schweser 2013 in parallel with CFA EOC’s and read CFA material where I saw gaps. A little concerned I missed some of the new stuff that may pop up on exam.

Just finished AM portion of the official mock.

40/60 (67%) which seems to be my barrier, but I am not disappointed at all given the difficulty of the exam.

Definitely the hardest one I’ve done so far, and I finished with only 5 minutes left (normally about 45 mins in advance).

I would say that some of the questions are very unlikely to appear in the exam. I did not review in depth, but I don’t see in the exam such long calculations… The main issue was for me that except Fixed Income and Economics, all of the rest needed a lot of time to complete.

Let’s see what happens in the PM portion.

I’ve just got a killing 55% in the PM exam.

I don’t know what the f*** is going on with this, but the truth is that sometimes I would like to throw this s**t to the garbage.

How can I get a 55% after 8 months of study? It’s my worse score I’ve ever got in a mock, also when practising for Level 1. Embarrasing.

^ You’ve been going at it pretty hard. I’m so fried, shot, & spent that I’m just about toast. I’m making more & more “stupid” mistakes, not seeing the obvious, skipping over words in the vignettes, and getting way too mentally fatigued just reading the questions.

Anyway, I’ve got to head back into the woodshed. Spending a couple of days to read over notes though instead of doing problems.

I’m with you sharky! Can totally sympathise with your situation as I am in the same boat.

Will be taking a break and watch a couple of films this eve.

I have the same problem. I’m just revising one vignette and wonder how I managed to get wrong answers :). Moreover I’m starting to feel each new mock as a torture.

June 2015 - AM- Question 41. The question states that FDF commands a control premium of 30% but the answer does not make the adjustment for control premium. Is it because that the multiple of 9 is based on market transaction that a separate premium is not considered?

Correct. For transaction multiples you do not use the premium, as it is already incorporated. For market multiples based on similar companies valuations, yes.

Can anyone explain why on Question 14 from the AM CFA Mock exam they discount the 4 payments of 80 twice? I got the correct anwser but came up with 670 as my lease liability. It looks as thoough they discount the second part of the annuity twice?

What up jahid, what up gangsta.

You doin better than me brah, keep goin homie

What up shortys, long time no talk. aint been on this site in a minute.

got a 58% on da cfai 2015 level DEUCE mock.

bout to slug a steel reserve b4 i take dis exam and slug another one at halftime. where yall partyin at aftewards-bout to go to the block and get faded