Dont go only by the method given in schweser. I will try to explain :
total value of portfolio - {2*100 + 3*93+1*95+4*103}= 986mill
individual weights = 2*100/986 = w(say)
similarly calculate other weights and divide individually by 100 to get in percentage terms
Now multiply individual weights with respective durations and u'll get the answer.
For second question, i think explaining why puttable bonds have an option cost
Cost of any bonds are the present values of its expected cash flows. The rate used for discounting the future cash flows comprise of adjustment for factors like volatility, embedded options,spot rates etc.
so Bond value = C1/(spot rate + Option cost) + C2/(spot rate + Option cost)......
Now, Puttable bonds are costlier then Callable bonds, from bond holder perspective (because its an advantage to holder hence higher cost), so lesser is the option cost higher will be the value of a puttable bond(from the above mentioned formula).
Hi guys! please inform me if registration for l1 is still open on website. I am unable to access same. 22 Aug is last date, as notified over site, but the link is inactive? Plz update Thanks
Guys Please clarify..if i register for this dec cfa level1 and i m not able to complete syllabus n want to extend the exam to june 2013. How much money will i have to suffer?
@hectar said:Guys Please clarify..if i register for this dec cfa level1 and i m not able to complete syllabus n want to extend the exam to june 2013. How much money will i have to suffer?
As I understand, you cannot postpone. You will have to re-register. But you need not pay the enrollment fee of $440 again. Remaining you will have to pay - 700 or 800 depending on when you register.
Guys and gals : I would sincerely suggest you that CFA book is the best material. Please try to go through the material and understand the concept. It would be very helpful i terms of your preparation for exam as well when you face the actual world of finance i.e. on the job. People who have time constraint, i would advise them to go through each and every topic of Schweser material and once you are done with a particular topic/ Reading, make sure that you solve all the questions from CFA material. Schweser problems are very easy. Actual questions will follow the pattern which are there in CFA books.
Please try to finish big ticket subjects asap such as FRA, Ethics, Maths , Corp fin and fixed income (as these subjects cover most of the portion), and then proceed for other subject.
Wish you people all the best for your preparation.
Questions in schweser material are easy. Question bank is relatively on tougher side. If you solve CFA questions for every topic, that should be ok. I did the same thing while writing level1.
@[400982:sanjaysurana90] - bhai i have done FRA . I have all q of FRA in Scswer q bank. Now i have started with ethics. After that i will do Questions in CFA book of FRA to check how much i remember . Doing questions of scswer q bank and cfa book enuff na? questions will come from it na ?
@iwantgovtjob said:@sanjaysurana90 - bhai i have done FRA . I have all q of FRA in Scswer q bank. Now i have started with ethics. After that i will do Questions in CFA book of FRA to check how much i remember . Doing questions of scswer q bank and cfa book enuff na? questions will come from it na ?
Bhai question will not come from CFA book/ Schweser question bank/ schweser q.. But pattern of the question will be more or less similar to what is given in CFA books. what i would suggest you is when you go through any topic in schweser, first solve all the questions from schweser and then immediately solve questions from CFA material. Because you will find that there are some small topics which are left in Schweser books but given in CFA material. This way you can Rockstrong your basics and then you ca move to more tough questions which are given in Schweser question bank.
@iwantgovtjob said: oh ok i will do like this then So Actuall CFA exam questions are less tough than scswer q bank ?
Champ dont go with that mentality. Moment somebody tells you that actual question paper will be easier than Schweser q bank, automatically you will see some impact on your preparation and moment you find some tough question, you will judge that CFA institute will not ask this question. So just dont worry about the end result/ Event. pay attention to your process. If process is good, you all rock the event.
but remember - 1) Schweser books 2) CFA material questions 3) Schweser question bank 4) and atleast 15 days prior to exam solve CFA mock exams.
again this is very subjective as in this process helped me and some of my friends to sail through the exam.
I am applying for Scholarship offered to college students by CFA charter holder professors. The net amount for scholarship holders is $350, but I dont know how to make payment of this amount because the registration page only gives option for $1074 payment.
