@harshit_tahiliani
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Up5
Before I suggest anything I would like to share that I am just 21 and a level 2 candidate and have been working for roughly 6 months. So I’m way junior and just another kid.
But what I believe is that your years long experience adds enough value to an employer to consider you for a job, but if you earn the CFA charter, it will definitely show another level of dedication towards work from your end. Also MAINLY, the amount of knowledge that you will gain is worth on its own and it can easily win your more jobs than otherwise. Its one hell of an experience that will enhance your understanding of the global financial system.
I would surely suggest you to enroute this tough journey.
So, primary reason I suggest – Knowledge, secondary reason I suggest – proof of dedication
Up4Hey I’m also a level 2 candidate and its a great idea to have a spread sheet ready where you can check how much of the material you’ve finished.
But rather than looking for someone who has already made the spreadsheet. You can DIY (do-it-yourself).. I personally believe the DIY approach is the best cause you will learn something or the other while DIY-ing.Cheers!
Up4Hey! I am using Kaplan Schweser for my usual reading. I use the Curriculum for the Practice Problems and Examples.. and reading in those cases where Schweser doesn’t make this clear to me
Pros: Brilliant practice questions, the difficulty level should be near to what we’re gonna face on the exam.
Cons: Some areas the material can go dry/boring/un-necessarily complicated.
This is my personal experience
Up3The Trick: always treat what is in the denominator as a commodity.. So look at “$1.5/gbp” as “$1.5 per potato” (potato being the commodity)..
Answer 1: If you take a long position on a 1yr contract.. you will BUY one gbp or one potato at $1.5 each (you buy the item in the denominator of the quote)…. Similarly, if you take a short position, you will sell one gbp or one potato at $1.5 each.
Answer 2: Yes, “you are securing the rate of $1.5/gbp in 1 year’s time to buy gbp with USD in hand.”
Up1Hi fellow runners!
This is Harshit from Pune, India, and I’m a Level II candidate.
Pleasure being here, this is the coolest website and platform I’ve seen in a while. Looking forward to interact with all you guys.Cheers!
Up1Its pretty unlikely that an issuer would issue at a different rate from market rate, if he does, the face value wouldn’t be the same as bond price… cause this would create an arbitrage opportunity.
what is the company’s liability? the liability for the company will always be the PV of the FACE VALUE and the coupon payments, because that’s the amount the company will pay to its debt holder at the payment dates..
now if the market rate is 8.25 and the company is issuing 8% bond, the company will have to issue with a discount.. which means while raising funds through debt, they will raise less than 10mn in cash because they’re offering a lower interest rate (8%) to the public that the rest of the market is (8.25%).
Hope it was helpful. If anything unclear, please mention.
Cheers and all the best!Up1Hey its a great idea, though i dont have one ready myself..
this seems more like a DIY (do-it-yourself) thing.. dosen’t it?Why wait for another candidate to prepare one or get his/her hands on one?
Plus im sure you’ll learn alot while preparing it.
All the best and cheers 🙂
Up1this is so brilliant and i’m going to try this.
I’m sure can take Phase 3, self discipline has helped me stop smoking, why is why im looking forward to this experience as well 😀However, ive been having coffee almost everyday for almost 9 years now.. but i STILL feel its effect with almost every cup, which enhances my focus and productivity… can’t image having 1 cup after 4-5 weeks
Up0Hey there! I’v already started.. Though ive been on Derivatives for more than a month now.. taking things slowing.. building the momentum.. December onwards gonna run like a mad horse
