yea you need to log in, input your answers into the the online answer key, then you can see each answer.
i was one of the first to submit my scores online with <70 people having posted. Now at 750> people, the average scores for either exam have not moved 1% in either direction, just an interesting fyi… AM: 73 PM: 70
guys just wondering… what have been your scores in CFAI MOCKS? Did u score higher on this live mock or lower? I hav not attempted CFAI mocks as yet and I am scared to death with my dismal scores on this live mOCK. I scored 57% in AM and 77% in PM
Got a 60 in the AM and 70 in the PM. I got 3/12 on ethics as well. Those questions were out there to get you. Every CFAI text or mock I have ever done, I did well on ethics.
OK - question - I am almost finished with reviewing the PM section and I think I found errata. Question 51 - 3 Year FRA with 5.25% cap… If McClaren’s expectations for LIBOR turn out to be correct, the sum the payments MJ&J receives on the collar over its 3-year life will be closest to: A) £72,500. B) £122,500. C) £145,000. Answer: A (I said B) The total payments on the collar can be calculated as: (5.5% - 5.25%)/2 + (5.7% - 5.25%)/2 + (6.0% - 5.25%)/2 = 0.725% (0.725%) × £10 million = £72,500. BUT what about the payment 1t 1,080 days? He should get an additional 50,000 from that? Anyone else find this to be BS? I think this is errata.
1st Payment = Based on current 180 day LIBOR 2nd Payment = Based on 180 day LIBOR in 180 days 3rd Payment = Based on 180 day LIBOR in 360 days 4th Payment = Based on 180 day LIBOR in 540 days 5th Payment = Based on 180 day LIBOR in 720 days 6th Payment = Based on 180 day LIBOR in 900 days Last LIBOR rate given would be the rate from 3 to 3.5 years, after the expiration of the collar
Crap. Thanks man. If Schweser would put a LITTLE more effort into their answers, it would have been clear.