Refer reading 51, PV models: Dividend discount models in CFA level 1 book. For a more better understanding you can go through Prof. Damodaran presentation in the below link
@rajiv.ansu said:@agrajshah confused which of the two to take? BA II Plus/ Proffessional? Any majore differences btw them?
@rajiv go for the BA II Plus, there are readily available tutorials and if you're reading from Schweser then they go by BA II Plus. the HP one has a higher learning curve, which may not be helpful. Hope this helps
Can anyone here tell me which topics are co-related.I mean which topics should be covered first.It may happen that for better understanding of a particular topic,its basics should be covered first,so which are the basic topics that should be done before the one which are dependent on these basic topics?
Cover tvm, discounted cash flow first. These will apply everywhere. Also recommend to complete basic quants syllabus, FRA and Eco before starting with others. Also u should have completed fixed income and equity before corporate finance and portfolio management
@kushalagg said:Cover tvm, discounted cash flow first. These will apply everywhere. Also recommend to complete basic quants syllabus, FRA and Eco before starting with others. Also u should have completed fixed income and equity before corporate finance and portfolio management
thanks buddy..was expecting such a reply only... :)
Would Schweser notes,qbank and videos be sufficient for 1st level?
Would Schweser notes,qbank and videos be sufficient for 1st level?
@Nirmal_Analyst said:CFA level 1 question for 9-Mar-13Krish understood from his analysis that at least one of the European nation is likely to witness a sovereign default in the next 3 years. Based on this information he bought at the money put options of Euro Stoxx 50 which will expire after 3 years, though currently he does not have any exposure to European markets. Krish's action is most consistent with which of the below stated 'purpose of financial markets'a.Investingb.Managing Riskc.Trade to benefit from information
Ans C: It can't be Managing risk as the purpose is not hedging, which leaves the option between A and C. Investing should lead to moving of wealth from present to future (page 8 in CFA curriculum book 5) which eliminates Option A. He holds information about Europe and he tries to benefit from that, hence the answer is C.
CFA level 1 question for 13-Mar-2013
Tamo Ltd and MM Ltd are similar is all aspects including their financials and credit ratings. Both Tamo and MM issued 10,000 bonds of Rs.100 FV and a coupon of 9%. The bonds will mature after 5 years. However Tamo's issue price was Rs.98/bond while MM's issue price was Rs.102/bond. All else remaining equal Tamo's Interest coverage ratio compared to MM's interest coverage ratio will be
a)Tamo's ICR > MM's ICR
b)Tamo's ICR c)Data Insufficient
Tamo Ltd and MM Ltd are similar is all aspects including their financials and credit ratings. Both Tamo and MM issued 10,000 bonds of Rs.100 FV and a coupon of 9%. The bonds will mature after 5 years. However Tamo's issue price was Rs.98/bond while MM's issue price was Rs.102/bond. All else remaining equal Tamo's Interest coverage ratio compared to MM's interest coverage ratio will be
a)Tamo's ICR > MM's ICR
b)Tamo's ICR c)Data Insufficient
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puys, i ahave regiestered for level 1 in mumbai. can anyone tell me who provides better quality of schwesar notes - OM or Laxmi? i tried to look for comparision in this and other threads but found nothing. Could anyone help me with the rates, quality (spiral or hard bound), delivery timings as well. I would be obliged as I have less time to study 
@FeRMioN said:I had ordered Schweser notes from Om Copy in Mumbai. The quality is not good. Especially the examples in boxes are unreadable.Can someone please suggest a place where I can get a good copy of the Schweser L1 notes in Bangalore. Even if it is Mumbai and they courier it is fine - but the quality of the notes should be great.
hi , so where did you get ur schwesars finall? i was looking out laxmi vs OM in Mumbai? pls advise.
@FRM_Dood said:hi , so where did you get ur schwesars finall? i was looking out laxmi vs OM in Mumbai? pls advise.
I got the notes replaced from Om itself.
I have just completed chapters from Time Value of Money to Probability (book 1). Any idea or roadmap on what should be read next?
Guys, sorry if I am off the topic. I plan to give the CFA level 1 in Dec or in june 2014. I suppose it requires a healthy preparation. And I saw that the exam registration costs some >1000$. Does the package include preparatory materials as well?? Shud I enroll for a coaching programme as well???
I am a novice here and you can count my knowledge here to be a zero. So please help me with my queries. TIA :)
@eLnIn0 said:Guys, sorry if I am off the topic. I plan to give the CFA level 1 in Dec or in june 2014. I suppose it requires a healthy preparation. And I saw that the exam registration costs some >1000$. Does the package include preparatory materials as well?? Shud I enroll for a coaching programme as well???I am a novice here and you can count my knowledge here to be a zero. So please help me with my queries. TIA
The package has options like 'ebook' or 'print'...if you go for print,they would send you the material...if you go for Ebook,they provide you with all material in ebooks.Print would cost around 40 dollars more.If you think you wont be able to do self-study,you should join classes...course is vast and its costly too.
@Nirmal_Analyst said:CFA level 1 question for 12-Mar-13Monk Ltd reported a sales of Rs.1,300 crs and a gross profit of Rs.500 crs. The company's average inventory during the year is Rs. Rs.225 crs. What is the company's Days inventory in hand is closest toa.164b.103c.63
Ans B.
DoH = 365/ Inventory Turnover ratio
Inventory Turnover ratio = COGS / Average Inventory
COGS = Sales – gross profit
COGS= 1300-500=800
Inventory Turnover ratio = 800/225=3.56
DoH= 365/3.56 = 102.6
DoH = 365/ Inventory Turnover ratio
Inventory Turnover ratio = COGS / Average Inventory
COGS = Sales – gross profit
COGS= 1300-500=800
Inventory Turnover ratio = 800/225=3.56
DoH= 365/3.56 = 102.6
CFA level 1 question for 15-Mar-13
Which of the below comment about Justified Price to Earnings Ratio is NOT correct. All else remaining equal
a)Higher the RoE, higher will be the P/E
b)Lower the Cost of equity, higher will be the P/E
c)Higher the growth, lower will be the P/E
Which of the below comment about Justified Price to Earnings Ratio is NOT correct. All else remaining equal
a)Higher the RoE, higher will be the P/E
b)Lower the Cost of equity, higher will be the P/E
c)Higher the growth, lower will be the P/E
Hi ALL,
Can anyone please tell me if i can still enroll for CFA level 1 exam-June??
Or the deadline is over for June?