I understand that CFAI states “you are responsible for all material in the assigned readings” which means that you cannot rely specifically on the LOS. So im here about to start reading 35/36 swaps and commodity forwards/futures. And NOwhere in the LOS for these 2 readings does it state to “calculate” but rather “evaluate, discuss, identify and explain, compare and contrast”. However when going through these readings it is very calcualtion intense and I dont know if I should be focusing on these calculations since they are provided in the readings, or focus on the LOS
Yea I read these study sessions yesterday for the second time and their pretty brutal. Anyhow Schweser states a couple times we will not be responsible for the calcs; however, to evaluate some of the questions you may need an understaning of the calcs, i.e. what happens to the future rate if you can lend the commodity…
check cfa errata, some parts of the text are optional