@janpeter
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Up5
Just an update guys – little CFA junior has just arrived! Mum and little dude are all happy and safe. I’ve hit the books hard and have satisfactorily finished the syllabus and one practice exam. I’m taking two weeks break before doing practice exams again until exam day.
Why am I on a forum talking about it, you ask? Turns out there’s not a lot else you can do when you have to let a little baby sleep on your chest, and if I try and study the books tend to fall on the little dude’s head.
I’m told books falling on babies is frowned upon.
Up4Found the guide, very useful. Will study materials also discuss how to use the calculator?
OK looks like I need to first learn the calculator before I can get through FRA.
No idea about BGN and END yet but will keep it in mind, thanks jasdev!
Up3There is just a question on this here: https://forum/.300hours.com/discussion/3567/question-of-the-week-level-1-macroeconomics#latest
The way I see it is EUR/USD = 1.2 means that “EUR is 1.2 times more than USD”, or “1 EUR divided by 1 USD will be 1.2 or 120%”.
Up3Not great, Ethics is about 50/50 at the moment. Still have one week so all is not lost.
Up2Thanks for the advice guyes! jenova that is super detailed advice and very helpful, thanks very much. I will try and set a schedule.
However, just wondering would it make sense to try and ‘front-load’ the work and be ready for the exam before the baby comes?
Up2Thanks. I think it is good advice to try and get everything done by due date. I’m aiming to finish by October with one ’round’ of review done, and whatever review I can get done after October up to exam day. Whatever will be will be, but as you say I will hopefully be able to be there for my wife and baby as much as possible.
Up0December Level 1 here, starting a bit early as I’m expecting a kid later this year. Any advice on facing CFA with a baby would help.
Up0The 6% number is the annual percentage rate (APR), which is just a convention that banks used. It is simply the interest rates received multiplied by the number of periods in a year. So 6% on a semiannual basis means you get paid 3% every 6 months.
The question is asking “If I have a bond that pays 6% on a semiannual basis, what is the equivalent APR I should shop for if I want an annual or quarterly pay bond?“
To convert, you compound it accordingly to calculate annual and quarterly interest payments, then recalculate the APR.
So if you’re receiving 3% every 6 months,
- to make it annual you’d compound it by 2 periods (6 months * 2): 1.03^2 -1 = 6.09%
- to make it quarterly you’d have to compound it by 0.5 periods (6 months * 0.5): 1.03^0.5 -1 = 1.49%, which is 1.49% * 4 = 5.96%
Bonus info: Because of the nature of compounding, frequent interest payments will always result in a lower APR. So without calculating you can already tell that C is wrong, because the quarterly pay bond APR is higher than the semiannual (6%).
Hope that is clear, English is not my first language.
Up072% on the last mock. It will have to be enough. Good luck everyone for the exam.
Up0Well done – I just managed a 72% on my last mock. Good luck and hope to see you in L2!
