- This topic has 2 replies, 2 voices, and was last updated Apr-205:57 am by
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Up0
Hi all, just thought posting this may be useful for all candidates, given it’s the practice exam season. May be useful to start one for each level
Hopefully we’ll get a nice list of not-to-do’s for the exam. Plus we all can blow some steam here a little :s
So I’ll have a go first:
My main mistake is rushing through the reading and misreading ‘least likely’ and ‘most likely’ in questions. Garghhhh
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Up3
Good idea @cfachris, although I’m only a L1 candidate, I did mess up the currency exchange notation and hopefully this is helpful for L3 (and L2) readers out there as well.
Just copying down @Sophie’s helpful clarification in my other post (https://forum/.300hours.com/discussion/3572/cfai-currency-quotation-confusion-foreign-vs-domestic-currency#latest), in CFAI curriculum (for exam’s purposes):
- EUR/USD = 1.2 means 1 USD = EUR 1.2. Just read the slash (/) as EUR 1.2 per USD 1
- EUR:USD = 1.2 means USD 1.2 = EUR 1, i.e. equals USD/EUR = 1.2.
So the colon (:) is directionally opposite to using a slash (/), i.e. EUR:USD = USD/EUR in CFAI curriculum.
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Up1
Adding another which I made a mistake on:
I forgot to subtract required rate of return when calculating alpha :s
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