@yeshank
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Up5
maybe the buyback was made with borrowed funds? so the interest costs or ammoritsation of discount or premium over the life of the bond can effect income statement.
Up4@RoyD I am in a similar position after clearing my L2 , looking for an entry level job with no luck, atleast i can study in my spare time.
– A fellow Blue from Delhi.Up3Stuj79 said:Yeshank said:I dont know if this can be posted here but i would like to help you out with a cheaper solution to schweser bookshttp://www.vividbook.org/2015.CFA.Study.Solutions.asp
Just FYI that site is selling copywrited material illegally so if you do buy from there you have immediately broken the CFA code of ethics. That site should be investigated and closed down….I mean I appreciate Schweser is expensive but those people are basically stealing their hard work and profiting from it at $130 a go!!!
I had no idea that buying illegal copies of third party retailers can be construed as a breach of code of ethics and professional standards.
I would also urge the OP to disregard site aforementioned by me.
Up3I do understand the solution and i solved it in the same way as given in the answer
but isnt the question a bit ambigious about if the payments are made at the end of the year or at the beggining of the year?
if payments begin at t=4 it could be the end of the year payment and we recieve the cash at 31st dec of 4rth year so techincally 4 periods have elapsed??Up3since its nowhere mentioned that they are convertible and also no conversion ratio has been given i would say that you are correct
Up2Thank you everybody for the motivation
i was really feeling down and this was a great pick me up
one last question – should i be going for a full time job when i know that i have to give level 1 in december and level 2 in june? i also am working towards some small time certification courses offered national stock exchange of india for my cv
Up2You can Easily calculate E(r) for Stock X –
2 + 0.6 (8-2)
Now for Stock Y you first have to calculate Market Sd.. which we know how thanks to rsparks…..but we do not know the Sd of Stock Y itself….But since we are given Sd of X , Covariance bw X and Y , and Correlation bw X and Y we can easily calculate that too!
Correation xy = Covariance xy / sd x * sd y
Just put in the number and you have got sd of stock y!!
Up1I dont know if this can be posted here but i would like to help you out with a cheaper solution to schweser books
http://www.vividbook.org/2015.CFA.Study.Solutions.asp
Up1@hairyfairy Congratulations on your CFA charter and Kudos on your new found happiness and contentment.
There are very few people in the world who get to experience true happiness …. as long as you are fulfilled money doesn’t matter.Good Luck for your future ……Best wishes
Up1Considering you gave your level 1 in 2011, i would suggest that you dedicate at least 400 hours for L2 since most of L2 material is an advancement of the basics built in L1.
400 Hours is easily doable for the 2017 attempt but with your work considerations and managaing a family banking that many hours for 2016 can be quite tough.As for the worthiness i would suggest that if giving 10 hours a week dedicated study time for the opportunity to be a charterholder is something that seems worthy to you then go for it buddy!
I live in India too (Delhi) and I fully agree with the fact that the CFA designation would attract better carrer oppotunities abroad than in India.
Good Luck!!
Up1@PaulAdaptPrep Thanks for your valued advice. I have begun my routine and am trying to stick to it the best i can.
I would also like to thank you for your “in “x” minute series” for level 1. i was pretty nervous the night before the exam and watching the videos really helped me in calming myself as i realized i had most if not all of what the institute was asking from me to know.Would be looking forward to them this year as well minus the nervous bit 😉
Great Job !!
