Morning session was a killer

CFA Level III
#101

insufficient effort?

#102

1.5million, but only got half that year…other half was to be treated as non investable assets

#103

750k two times, ten years apart, if i remember correctly. My question is, if all of us native English speakers had time pressure, what about all the internationals?

#104

oskigo Wrote: ------------------------------------------------------- > i ask again did she inherit 1.5 mil 2 times or > 750k two times? 750k two times. This wasrelevant for the first return calculation only. For the second one, portfolio was already given.

#105

yes…at first i thought self dealing…but then i realized there was clearly a self interest insuficcient effort

#106

damn didn’t read it properly -1 bleh

#107

How much was the second calculation question worth in points?

#108

ok here’s another wtf moment for me: the duration of floating rate loan + fixed-floating swap? Did you guys see the footnote??? I mean, this is shit!!! so why they give us the duration of the floating leg in the table!!!

#109

8.484% for second?

#110

jmychasi Wrote: ------------------------------------------------------- > yes…at first i thought self dealing…but > then i realized there was clearly a self interest > > insuficcient effort No… entrenchment strategy. Insufficient effort is if you are a lazy bum.

#111

0.71 anyone???

#112

Only about 5-6 minutes allocated to the 2nd calc if I remember right.

#113

CFAAtlanta Wrote: ------------------------------------------------------- > jmychasi Wrote: > -------------------------------------------------- > ----- > > yes…at first i thought self dealing…but > > then i realized there was clearly a self > interest > > > > insuficcient effort > > > No… entrenchment strategy. Insufficient effort > is if you are a lazy bum. not entrenchment. he was clearly investing in a business line that wasn’t adding value.

#114

CFAAtlanta Wrote: ------------------------------------------------------- > jmychasi Wrote: > -------------------------------------------------- > ----- > > yes…at first i thought self dealing…but > > then i realized there was clearly a self > interest > > > > insuficcient effort > > > No… entrenchment strategy. Insufficient effort > is if you are a lazy bum. yeahm but they asked what was LEAST likely…

#115

yup got 8.4, insuffiencet effort, and .71 (if that was just the duration of the fixed since the two floats crossed eachother out right?)(

#116

itstoohot Wrote: ------------------------------------------------------- > ok here’s another wtf moment for me: > > the duration of floating rate loan + > fixed-floating swap? Did you guys see the > footnote??? I mean, this is shit!!! > > so why they give us the duration of the floating > leg in the table!!! BEcause they could have asked what the duration of the swap was :slight_smile:

#117

what about that godawful FCFE one…i wanted to literally slap myself in the face for not being able to get it…i went wiht like 1104 if that makes sense?? cant rembember the options now…that should have been an easy one though…was my strength in L2

#118

Yes, had 8.5 for second return calculation. What footnote are you taking about ?

#119

if someone says you need x dollars at end of 5 years, you assume inflation was accouted for already.

#120

actuaryalfred Wrote: ------------------------------------------------------- > 8.484% for second? i got the same