@bostoncfa2014
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Up6
Hey Jess,
I have used Finquiz qbank and viewed their sample notes. Here is my opinion: everyone learns differently, but for the most part, there are no short cuts. Ultimately you have to find time to cover the material one way or another. Schweser is already about as condensed as it can get w/o losing context. The approach I found most useful when things got slow is to leverage qbank by each LOS. This will promote a more active learning process and was, for me atleast, less painful (and more productive) than reading hundreds of pages. I would then go back and consult the notes as needed for further clarification. Hope this helps! FWIW, the finquiz sample notes look good too if you decide to go that route – just start putting the work in sooner than later and you’ll find a routine!Up4The key to this question (and not a minor detail conceptually) is the timing of the CF’s given a constant discount rate. Since we know these are mutually exclusive projects w/ the same cumulative CF’s, the project w/ earlier cash flows will always have a greater PV.
Up4I was in a similar circumstance, graduated w/ a BS in Finance in 2004 and just sat for L1 this June. It’s frustrating initially because a lot of the material will seem vaguely familiar but ultimately you’ll need to put in work to reacquire your understanding. Like Zee said, you’re actually in a better spot than some candidates and once you get going it will come back to you. Start early and put in the work and you’ll be OK.
Up2D(1+g)/k^t – Multistage DDM, use this when there are multiple periods w/ different dividend growth rates that need to discounted back along w/ PN (once growth levels off) to solve P0.
D1/k-g – Constant growth/Gordon, use this when g is constant to solve P0 (mature, established companies).
D1/P0 + g – similar to the above w/ formula rearranged to solve for k/yield. If preferred, g = 0.
g = ROE x Retention Rate
Earnings Multiple = payout rate/k-g
Up1D1/E1 = payout rate, retention rate = 1- payout
Up0I hear you on this one – trying to get back into the routine early for L2!! I will say, the 4 month break was much needed/theraputic, but it feels like i’m going to need to refresh a bit as i’m not sure how much i’ve retained… bring on the challenge 😉
