Beware the tips!

Formulas in the Equity topic?

Best not to discuss questions…. 🙂

I know which one you mean! I didn’t study it either and was rather annoyed to find it popping up in the exam. I passed, but scored <50% that topic area.

Interestingly people who studied L2 may not know this but they covered some rocket science (Ito’s Lemma) in the topic sometimes referred to as financial weapons of mass destruction 😉

I learnt every formula off by heart for this very reason. If an equation came up, the difference between knowing and not knowing is a whole point, so why risk it?

Hmm? particular formula?

Nobel prize winning?

…I’m curious too. of the hint as well..

Problem with level 2 is that the syllabus it too vast and the item set you get can be from a very remote topic where you do not expect questions. Schweser material has a strong bias towards some topics and some topics which are in text book do not even show up in Schweser. Though you may not read from text book, it is good to solve all the problems given in text book (not just the end of session, but the ones you come across while reading the topics)

Hmmmmmm I’m curious.

Perhaps this gives evidence that one should stick with the CFAI texts… or do the study guides include everything but suggest that some items may not be explored in the exam (so you can ignore them at your own risk)?

Pretty sure the formula you are referring to was actually from the PM section, no? Either way, I believe those two questions could be solved with the info provided without knowing the actual formula.

Agree with @MattJ here, there is no risk to learning every formula that comes up. LII is so broad that learning all the formulas is probably one of the easier aspects IMHO! Score band 10 is horrific though @mattman – just happened to me in LIII though it definitely was not down to one question! I even bothered to learn all that GIPs nonsense, probably the most appalling waste of time (life).