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@Pahtsan  I recommend kaplan. PM me if you think you are going to go that route, the Q bank is a good source to see your retention. I can give you 15% off of a code i have. Makes the essentials package come out to around $550 with shipping. Personally I’m a big notecard guy. I study note cards physically and have quizlet on my phone to run through them when I am out and about.  Below I included a breakdown of my study and what I intend on scoring based on weighting and ease of points. I started with quant and then went to FA because I need to review those the most, seeing as I use note cards I wanted to give myself the most opportunities to review that material. I personally have the following breakdown: 

Section	Focus Area	Focus Area Rational	Weights	Questions	Target Score	Contribution to Total Score
				Calc	Calc	Calc
Ethics	Yes	High points/low time commitment	15%	36	85%	13%
Quantitative Methods	Yes	High points	12%	29	85%	10%
Economics	Yes	High points/not too difficult	10%	24	85%	9%
Financial Reporting and Analysis	Yes	High points/very low time commitment	20%	48	85%	17%
Corporate Finance	No	Low points/pretty easy	7%	17	50%	4%
Equity Investments	Yes	High points	10%	24	85%	9%
Fixed Income	Yes	High points	10%	24	85%	9%
Derivatives	No	Hard material/low points	5%	12	50%	3%
Alternative Investments	No	Low points/pretty easy	4%	10	50%	2%
Portfolio Management	No	Low points/moderate difficulty	7%	17	50%	4%
Total			100%	240	n/a	77%

Edit. The table doesn’t format. PM me you want the excel lol

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Thank you for the article @Stuj79

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lol 

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hedge funds have more strategies avail – there are a bijillion mutual funds with strategies that range from money market, debt, options, equities etc etc. most hedge funds are built on one strategy at any given point in time. 

Hedge funds charge management fees. yes they do, most charge a 2 in 20. 2% of money and 20% of profits. But so do mutual funds. 

Hedge funds are less liquid. this is absolutely true. Most MF are traded on the open market, or can be liquidated in a day. Hedge funds typically state you can’t take your money out for a period of time (industry std 1 year) 

Now having said all of that, I actually don’t know what the answer is. I refer to least typically a difference meaning not a difference. Since A is true and C is false, I guess B is the answer given that they both DO charge management fees. Even though I did put A without carefully reading the question

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So A – L = E. The “asset-based” approach is described as the fair market value of the company. Or more logically – What it would cost to recreate the business. So in this case $112 – 86m = 26m. Answer B 

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I work the same schedule. My advice is to not leave work. I know for a fact i am less efficient at home. I literally leave work as soon as I can, go straight to the library and don’t let myself leave until 3 hrs has passed. It is a lot better than going home and seeing the old xbox sitting there….I also do notecards as a I fall asleep. Not only does it help you fall asleep but theoretically it helps you remember it better. 

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Did i post this in the wrong section or is too early? :S 

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Thanks, i’ll start posting questions i run into. 

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For sure calculator running out of batteries. It’s not like they are AA either. 

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Yeah @Rukks i sent you a PM with my email. Let’s do it. 

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I personally think this questions i poorly asked. But nevertheless my logic follows. 

First off we can throw out answer C after reading the question. If an option has a shorter time to maturity, it inherently has less “time” premium to it. (you can also think of this as the greek theta towards expiration. IE theta increases the less time there is to exp. Less chance to finishing in the money.)

Now all else equal, stock price, strike ETC. Let’s give an example.

Stock = $10 The straddle of the 10 strike is worth $1 and the C and P are worth the same value (not taking into account Div or Int in this example).  If we change the exercise price, or essentially our strike price to 11 holding the price of the stock, vol time to ex the same. What is reflective of the value of the Put and the call now at a higher ex price? Well Let’s just say our put is now worth 1.10 ($1 ITM and .10 time premium). And our call is worth .10. Therefore holding all else equal the Inc in strike price the value of the put is increased while the call is decreased. 

Side note 1. If we say our Put is worth 1.10 how do we know the call is worth .10? Put-call parity. IE Value of a call = P + Stockprice – strike price – (divs – int) . IE x = 1.10 + 10 – 10 – 0. = .10

P = call + strike – stock + (divs – int)

Side note 2 The value of Am vs euro options. Am > Euro given the right to early ex for Int and Divs. 

Source: work as options trader 

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Try montcfa1 at checkout might give u 15% off. But i use qbank and have been doing kaplan for the june exam. Def better to have all those questions than just he end of chapter ones. 

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