whats the cost of CFA lvl 2 for you

CFA Level II
#1

Hom much would you pay for getting exam questions, lets say a weak in advance?

#2

I’ll start the bidding at 5 dollars!

#3

I would give one finger…the question being: how do you value it?

#4

is this an ethics question?

#5

CFAI nark confirmed

#6

1K

#7

“Hom much would you pay for getting exam questions, lets say a weak in advance?” Is this a riddle?

#8

Who says that even if you had the questions you would pass. Does it come with the answers as well?

#9

lol…too funny

#10

hahaha true :slight_smile:

#11

Turkish Wrote: ------------------------------------------------------- > “Hom much would you pay for getting exam > questions, lets say a weak in advance?” > > Is this a riddle? must be, I guess if you are “weak” in advance you’d pay anything for the questions

#12

A lot

#13

I say the market value as a junior analyst i would estimate is USD 700, the opportunity cost of a retake + textbooks. However, i dont’ knwo if htat includes the time premium and other premiums. The intrinsic value, I dunno, cuz thers no cash flows coming from it and its hard to value using relative valuation.

#14

Figure 300 hours at $25 an hour plus exam fees and schweser materials = $7,500 + 900 + 350 = $8,750 That’s not even bringing in the future incremental cash flows.

#15

Blackswan, Shouldn’t the $8750 be multiplied by the Expectation of failure (between 0 & 1) or we can have a dummy variable (where failure =1) in this regression equation. The calculated value should then be discounted to present using risk-free rate of interest.

#16

I have lost so many close friends of mine in the city whom I used to hang out with and now just stay back at home and start those RoleCall threads every Friday night. I can’t value what I have lost doing this CFA. Sigh!! I am really contemplating quitting after L2. REALLY!!

#17

mittal_mk Wrote: ------------------------------------------------------- > Blackswan, Shouldn’t the $8750 be multiplied by > the Expectation of failure (between 0 & 1) or we > can have a dummy variable (where failure =1) in > this regression equation. The calculated value > should then be discounted to present using > risk-free rate of interest. I did multiply it by my likely hood of failure. Funny how the number didn’t change… Dinesh, I absolutely know the feeling, but you have to figure we have a year for L3 so we can ease off the throttle a bit after June 7th. Also, I kinda like my friends here more than my old party ones as lame as that is.