Just so we can be clear...

CFA Level II
#1

Two candidates can answer the same number of questions correctly, but one could pass and one can fail?

#2

If one had all ethics correct and score was borderline and other bad ethics with same score then yes acording to the word on the street.

#3

only on Level III This document gives a small amount of insight: http://www.cfainstitute.org/cfaprog/overview/pdf/IntoOur5thDecade.pdf

#4

That is an interesting. In this exam, a number of questions were actually a pair of halfs. So, even if a question is worth 3 points, I wonder if they tease out the half and give 1.5 points for each half.

#5

rhuldisch Wrote: ------------------------------------------------------- > If one had all ethics correct and score was > borderline and other bad ethics with same score > then yes acording to the word on the street. not accurate

#6

Actually, it will be interesting how they approach this pair-of-halfs for the future exams when there are only three-choices for answers. http://www.cfainstitute.org/cfaprog/courseofstudy/questions_faq.html

#7

I would think when they are setting the MPS, that instead of it being a percentage they back out of, there would be a threshold to the # of questions wrongly answered. This way there would be no rounding errors costing people a Pass. Who knows

#8

Can no-one answer this?

#9

According to a document posted in the Level III forum, when a candidate’s score is 1 point below the MPS they will add a point if the candidate passed ethics. If the candidate is right at the MPS and failed ethics, they will deduct a point so that the candidate will fail. Of course, this document is from 2003 so things might have changed since then.