@googs1484
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Up7
How do you feel the actual questions matched up with schweser formatting/ difficulty?
Up6Make sure you get the probability for LEFT outter portion of tail. For example 2.5% on a z value of 1.96
Up6Dividends are important in the calculation for sure. For example, Lets say we buy one share of AAPL for $50 (that would be nice lol) on 1/1/20X1 and it pays a $1 dividend on 12/31/20X1 and has appreciated in value to 55$. The dividend was reinvested. We now have a capital gain of $5 ($55-$50) plus a dividend of $1. HPR is $55-$50 +$1/$50 – 1= 12%. Now for the HPR in 20X2 your starting point would be $56 because of the current price of $55 and then the $1 reinvested dividend. If the dividend WAS NOT reinvested your starting point for year 2 would be $55. The difference between it being reinvested or not reinvested is your initial starting point (denominator) for the HPR calculation in the following year. The TWRR is simply the geometric mean of the HPR’s over the time period being measured. Hope that helps.
Up6Well, I am not a fan of the topic exams. I think they are weak in quality. I am not saying they are easy but they seem outdated. The EOC questions you really need to do to make sure you know all the major concepts, HOWEVER, at this stage you need to be taking mocks, item set style.
Up5I think Edgar has the FR statements available to the public.
Up5Oh and it was Schwesers volume 1 practice exams
Up5I would take as many as possible, so yes. I’ll probably end up taking the cfai mocks, obviously, along with Elan and any other vendor I can get my hands on before 6/6
Up5Ya it’s annoying how you can’t print them. Well you can. .but copy and pasting.
Up5@dextthecfa I do not get it lol. BUT all is good. I am not here to criticize you. Was just trying to help.
Up5I came from hospitality after 5 years and stumbled upon a job at MassMutual. Heard about CFA and just went for it. I’m not very good at math or anything for that matter lol. BUT I passed level one. Studied a total of 605 hours for it and did very well. I think literally anyone could do it if you put in the effort. I’m ONLY speaking from level one experience though. I’m studying for two now. For level one you should be fine with 2015 material. Schweser notes are plenty to pass.
Up5If you go to the Corporate Finance topic exams and take the item set for ENGLAND; it is question number 1. It is asking for the after tax operating cash flow, which to me means CFO. Apparently I was mistaken.
Up5Temporal is primarily historical rate driven so exchange rate changes don’t create as much exposure. I’m only a candidate like you so not 100% in my answer but think it’s along those lines.
Up5I neglected to mention arbitrage, which as u said is really CFAIs main driver of that whole put call parity relationship.
Up5Where is that first formula in the text? Doesn’t look familiar.
Up5I am assuming you obviously do not have the actual mock exam volumes/books, other wise why would you be printing them, and you are probably using someone elses login. whatever works man but its something you will have to deal with if the price of the books is too high. I feel for you there buddy.
Up5As always, in full disclosure, I am a level II candidate. IMHO, do not overthink this. The change in cumulative inventory write downs in 2012 was $3,315- $2,080= $1,235. The question explicitly states they charged the write downs through net income aggregated along with COGS. The reason for the write down could be for many reasons but probably because the firm was understating COGS in prior periods and/or over stating the value of its inventory. The write down is an added expense they charged to COGS (essentially taking all that built up understated COGS from prior periods and charging it all at once in the current period). This will over state COGS in the current period. Analysts might remove this additional write down effect to normalize COGS by subtracting that write down from COGS. In this case 2012 COGS $149,350- $1,235= $148,115. The COGS in 2012 of $149,350 included a write down charge (impairment) on its inventory of $1,235 which overstates COGS in the current period.
Up5I’d still recommend them anyday and I’m not someone to criticize anyone. Mike Carmody is great and I’m sure their videos are top notch.
Up5This forum isn’t intended to cheat Kaplan out of their own product.
