I would think that the passing rate for this year for level 2 will be higher than last year reasoning is since CFAI enforce us to buy curriculum, they won’t hammer their own leg if the passing rate is again extremely lower or lower than last year, if this happen, this will show that the CFAI textbook is no use for CFA candidate I foresee that it will still be higher than 40 percent but lower than 50 percent for this year