CFA Level 1 Sectional Mock Test on Fixed Income Securities and Contest
Dear All,FinShiksha's sectional mock test on Fixed Income Securities is available in the below link.The topper of this sectional mock test will get a free access to FinShiksha's Two Full length mock tests (4 sessions * 3 hours) for CFA Level 1 candidates.
Note: This contest will be open only till 30-April-2013. From 1-May-2013 the sectional mock test will still be available but without the contest
heyyy...i will be giving L1 in dec and have a doubt regarding its prep which only u can help with.. we have to go through 2 study material..(a) curriculum- 3500pages approx (b) schweser notes (laxmi walle)- 1600pages approx.. As i am doing MBA it wil be very difficult to do both of them properly...so please suggest from which one i should study so that i can comfortably clear L1..
(Some say that curriculum is very imp and some say that schweser is sufficient, curriculum is waste of time)
***ANY TIPS U WANT TO GIVE PERSONALLY..
P.S. I HAVE DONE B.COM(H) AND DOING MBA IN FINANCE... please reply...Thnx i adv...
The price yield relationship curve of the bond for prices above the callable price
a) Will have higher convexity compared to an option free bond
b) Will have negative convexity
c) Will have similar convexity as an option free bond
Ans B: Convexity is the second derivative of price change for a unit change in yield. For a large change in yields one need to do convexity adjustment to get a better approximation of price change of the bond.
For a callable bond when the market price are above the callable price the bond faces the risk of being called and hence for further drop in yield the bond price will not make big moves. At this point the convexity of the bond will turn negative.
The price yield relationship curve of the bond for prices above the callable price
a) Will have higher convexity compared to an option free bond
b) Will have negative convexity
c) Will have similar convexity as an option free bond
Ans B: Convexity is the second derivative of price change for a unit change in yield. For a large change in yields one need to do convexity adjustment to get a better approximation of price change of the bond.
For a callable bond when the market price are above the callable price the bond faces the risk of being called and hence for further drop in yield the bond price will not make big moves. At this point the convexity of the bond will turn negative.
Guys what is the best way to prepare for CFA Level 1. Will Institute books suffice ? I am going to write in Dec will time be sufficient as I am from non-finance background
A Zero coupon bond with exactly four years left for maturity is trading at USD 77.52. The face value of this bond is USD 100. The Yield to Maturity of this bond is closest to
Free CFA Level Crashers.We are conducting FREE interactive ONLINE CFA level 1 crashers which will happen from 7.30 - 8.30 pm from May 13, 2013. Interested candidates may register in the below link
Does clearing CFA and FRM level 1 before summer placements gives advantage over someone who has cleared only CFA or only FRM because they cater to different domains in Finance .
As the CFA level 1 exam draws closer, are you feeling that
• There is not enough time to cover all the topics
• You find some areas tougher
It is time to work on your strengths rather on your weakness. Remember there is no sectional cut off in CFA level 1 exams. See the table 1 on how this could be worked out. Assuming 65% is a safe score one needs to crack 78 out of 120 questions in each session.
The trick now is to concentrate on heavy weights or your areas of strengths as shown in below table 2. If you score 85%-90% in these areas and end up scoring 52 out of 60 questions that would reduce your anxiety in the other areas. If you can score 52 in these sections then out of remaining 60 questions you need to answer only 27 questions correctly. Which now looks easily possible isn't?
WWA Ltd buys and sells Car tires. If below are the details of the inventory as of end of an accounting period then the per Unit inventory value as per US GAAP would be closest to
Can anyone please let me know where can i find second hand (used ) curricullum books for CFA level 1. I have soft copy of Schweser notes but need curicullum books which institute sends across to students.
FinShiksha FREE CFA Level 1 crashersFREE online CFA Level 1 crashers starts today at 7.30 pm today. Those of you who have already enrolled can login through the link we have sent to your respective emails. If you wish to register now please do so by clicking the link below
Find below the video link of Finshiksha's free CFA level 1 crasher on Quants. We will continue with Corporate Finance today. If you HAVE NOT registered already you may register for the session now in the go to meeting link here CFA Level I - Crasher
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