@farlo001
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Up5paulpassedtense said:The 2015 changes were released not too long ago, so many prep providers are giving their 2014 material until they’ve created the new material for the changes. You can see when Schweser is updating their material here:
http://www.schweser.com/cfa/level-1/study-materials/product-availabilityThe 2014 material will work just fine for you, but you can probably skip over portions that are changing. I wrote a blog post on the changes that can indicate which areas you can skip over:
http://blog.passedtense.com/whats-changing-in-the-cfa-level-i-for-june-2015/
Hope that helps!Thanks!
Up4I would have to guess that the expected value lost from 1 year has to be small. For example, I doubt they are are reshaping entire sections and exactly how many new concepts could be added and then make their way to questions on the exam itself.
Up3I vote neither are correct. Inflation would be good for borrowers as the value of the original amt borrowed would be less in terms of real dollars. Also, Christopher states that “High anticipated inflation reduces the level and growth rate of GDP by increasing real after-tax returns on investment”. A high rate of inflation would decrease real after-tax returns.
Up2hairyfairy said:Wait, how did you get all those ‘as a bonus’?!Well I’m waiting to register for the exam so I bought the books off eBay and as a bonus they give that to you.
Up1Also, I’m really just talking about Schweser notes. I think the bulk of my studying would come from the CFA materials themselves.
Up1How exactly would you arb it? Bonds are not an easy thing to short.
