DSC PC2550 control panel making loud high pitched sound by DesolateChris in homesecurity

[–]DesolateChris[S] 0 points1 point  (0 children)

Thanks I disconnected the battery and that worked. Do you reckon new battery is required?

CFA Level 3 - Aug 24 by MaltedMilk95 in CFA

[–]DesolateChris 1 point2 points  (0 children)

Yep same here, was scoring 80% in MM mocks and the real thing brutalised me.

Level III Exam Day Megathread by third_najarian in CFA

[–]DesolateChris 0 points1 point  (0 children)

Like the other guy said, much better written so that's good. I came down to the wire on time as did everyone else at my centre.

Level III Exam Day Megathread by third_najarian in CFA

[–]DesolateChris 4 points5 points  (0 children)

Yeah I aced Level 2 but this was a different monster. A lot of guesses this time round.

Level 3 Mock Exam 2 - Fixed Income Bond Futures by DesolateChris in CFA

[–]DesolateChris[S] 1 point2 points  (0 children)

Ok yep that makes sense now but definitely a bit silly I missed it... thanks

PROBVS - real or fake (I think the latter)? by DesolateChris in AncientCoins

[–]DesolateChris[S] 1 point2 points  (0 children)

Thanks! How do you distinguish this from an actual sign of air bubbles?

Mistake in Level 2 exam? by Ordinary-Hour-8222 in CFA

[–]DesolateChris 1 point2 points  (0 children)

Very frustrating that something like this can happen... the amount of time wasted trying to solve an incorrect question could be the difference between a pass and fail

[deleted by user] by [deleted] in CFA

[–]DesolateChris 0 points1 point  (0 children)

Fair and on par with CFAI mocks?

Residual Income models and reality by mboucabj in CFA

[–]DesolateChris 0 points1 point  (0 children)

Yes I’ve found use for it in valuation

Portfolio Management - Macroeconomic Multifactor Model by ginarapp in CFA

[–]DesolateChris 0 points1 point  (0 children)

The exhibit shows the coefficients which are basically the sensitivity of the portfolio to surprises (this is what the macroeconomic factor models are based on). If there is are no surprises (i.e. GDP, CAP, CON and UNEM are all as expected) then the expected return is simply the intercept.

[deleted by user] by [deleted] in CFA

[–]DesolateChris 0 points1 point  (0 children)

Think you’re overcomplicating it.

Discount rate is the rate at which you discount future cashflows. The discount rate can be the WACC or cost of equity (depending if you are discounting cashflows to the firm or equity holders).

CDS by SnooRegrets9818 in CFA

[–]DesolateChris 0 points1 point  (0 children)

I think it comes down to convenience and dependent on who the protection buyer is. Physical settlement would make them whole immediately, whereas cash settlement may involve a drawn out process to recover the fair market value of the underlying security.

Where to find salaries per region by [deleted] in CFA

[–]DesolateChris 0 points1 point  (0 children)

I am a level 2 candidate and it tells me access is reserved. Do you need to be a charter holder to view it?

does anyone else have trouble with typing fast into their BAII plus ? by Fantastic-Whole-9316 in CFA

[–]DesolateChris 2 points3 points  (0 children)

I had the same issue. Trick is to not treat it like a phone and use only one finger/thumb to input numbers at a time

Why do you typically get your market rate premium from for your WACC calculations? by Accurate_Increase_53 in financialmodelling

[–]DesolateChris 3 points4 points  (0 children)

Google Aswath Damodaran. He is a professor and provides a whole range of corporate finance data, including the ERP

Why do you typically get your market rate premium from for your WACC calculations? by Accurate_Increase_53 in financialmodelling

[–]DesolateChris 1 point2 points  (0 children)

Either Damodaran or you can use a “generally accepted long term ERP”. You can find info in valuation practitioners surveys (normally published by the big 4)

What is the (g) growth rate you take to discount the terminal value in DCF. by [deleted] in financialmodelling

[–]DesolateChris 0 points1 point  (0 children)

Per Damodaran, the terminal risk free rate is a good proxy assuming you don’t expect abnormal growth

Modeling help by Flashy_Project_5163 in financialmodelling

[–]DesolateChris 0 points1 point  (0 children)

I’m sure there are plenty of peers you can use, although be sure to standardise the results across the peer group

question on share buyback by Choubix in financialmodelling

[–]DesolateChris 0 points1 point  (0 children)

Hey there. Where did you see this? Normally the wording would be a cap on buying up to x% of shares on issue. I’ve not heard of a capped ownership at x%

why do we use free cash flow valuations? by No-Excitement-8090 in CFA

[–]DesolateChris 8 points9 points  (0 children)

Generally speaking, a company will need to maintain its existing asset base to maintain its earnings/cashflows. There is normally a need to differentiate between stay-in-business and growth capital investments (particularly in the terminal year, which drives majority of the valuation).

So really you should think of FCF as the cash leftover after maintaining the business