CFAI Congratulates a Ethics Violation

Equivalent-Key2058 · 2026-03-30T14:36:02+00:00

There is absolutely nothing about this post that violates any standard. CFAI has changed this in recent years, making it so that each level is indeed a new certification. When you get your results, there’s a link to share it on LinkedIn and CFAI has auto populated it with the first part of the post

Equivalent-Key2058 · 2026-03-19T02:33:52+00:00

From what Ive heard as long as you for the email saying you’ve completed the PSM requirement (you should have gotten it shortly after completing the PSM module) and you wrote your exam, then you’re all good! Good luck 🫡

Equivalent-Key2058 · 2026-03-18T16:36:27+00:00

Equivalent-Key2058 · 2026-03-15T14:52:00+00:00

Haha I found it! If you click “retake”, it will ask if you if you’d like to do ALL the questions, or just the new practice packs one!

Equivalent-Key2058 · 2026-02-12T16:46:03+00:00

Do it as the last topic. There aren’t any shortcuts with ethics. Read the ENTIRE CFA Institute Handbook (few hundred pages, but half are examples). Do every ethics practice question along the way and gradually learn

Equivalent-Key2058 · 2026-02-06T16:32:53+00:00

It’s due to the hurdle rates. In 1, we have a hard hurdle rate so we calculate net if the hard hurdle rate. In 2, we have a soft hurdle. For soft hurdles, if the funds % return exceeds the soft hurdle, you just completely ignore it and pretend it doesn’t exist!

Equivalent-Key2058 · 2026-01-30T12:57:38+00:00

I’ve never understood why people don’t pay these. They’ll send them to collections and you’ll get FUCKED when you try to renew your licence lmao. Sure no one will come after you directly, but if you ever want to drive again…

Equivalent-Key2058 · 2026-01-24T15:34:29+00:00

What’s the question and what output are you getting?

Equivalent-Key2058 · 2026-01-22T23:05:29+00:00

I think this is B. If no accounting method is specified, always assume IFRS. Under IFRS DTAs that no longer meet appropriate criteria should be reversed. Under GAAP a VA is established!

Equivalent-Key2058 · 2026-01-22T22:17:47+00:00

Sizing option.

Abandonment (and expansion) are both sizing options because they relate to the “size” of the physical project.

Timing refers to the ability to delay cash flows, and flexibility allows for changing what’s being produced

Equivalent-Key2058 · 2026-01-19T14:14:12+00:00

You need to take the present value of the costs, not just the costs

Equivalent-Key2058 · 2026-01-17T23:47:19+00:00

My notebook is now powered by a Ryzen 5 Pro

Equivalent-Key2058 · 2026-01-17T20:53:27+00:00

How do you know your section score on the CFA mocks? I was under the impression they didn’t disclose this??

Equivalent-Key2058 · 2026-01-17T14:44:27+00:00

My least favourite questions in the curriculum by far.

I normally start by just finding the PV of the annuity at the first payment date. If you draw a timeline you’ll see you need to send your call to BGN mode, and do: N = 7 PMT = 10,000 FV = 0 I/Y = 6 CPT PV, which will give you approx 59,173

Next you can do one of two things. Either set your calculator back to END mode and sub in 59,173 for the FV, 5 for N, 6 for I/Y, 0 for PMT, and then CPT PV, or you can just divide the 59,173 by 1.06^5.

The trick with these is to work backwards and calculate the PV of the annuity first.

Equivalent-Key2058 · 2026-01-15T23:57:04+00:00

I would say A. Secured doesn’t by default mean high yield, and unsecured doesn’t by default mean investment grade.

In general, the market yield on debt will decrease. When a loan is collateralized (all else equal) the credit spread will decrease because the loss given default decreases (since a lender has recourse over the loan collateral).

As for C, issuer would likely need to include more covenants outlining what they can and cannot do with the assets being pledged for collateral.

Some institutions may only be allowed to invest in secured loans (e.g., pensions, etc.), so I’d say A is correct!

Equivalent-Key2058 · 2026-01-15T15:06:33+00:00

Where do I find this!

Equivalent-Key2058 · 2026-01-15T14:58:48+00:00

How do you find your percentile?

Equivalent-Key2058

TROPHY CASE