They have a couple pages on inverse floaters and structured notes (pp. 488-93)… am going to guess we won’t be tested? They’re not mentioned in any LOS. I skimmed the material - the concept’s not real complicated but there’s too much other, c**p to retain over the next 3 weeks…
next please…
Just noticed that Q3 for Reading 43 on page 530 of CFAI text asks about leveraged floating rate notes. I agree with you though, it is not mentioned anywhere in the LOSs. Yet they still have an EOC question about it.
Yeah, it might be on the test, who knows… check if anyone actually did the CFA readings : )