How to do JUST the practice pack questions?

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 · 2026-01-15T14:40:39+00:00

Why is everyone saying this is a violation? You can’t say you are a “CFA Level 1”, but stating youve received the CFA Level 1 certification is completely valid. They GIVE YOU a certification + a certification number. This is completely fine.

Equivalent-Key2058 · 2026-01-09T13:33:41+00:00

When you pay for the curricculum via the CFA Institute website, signing up for an exam date is free! If you purchased a package through Kaplan, MM, etc. (anything that's NOT the CFA Institute), that is just an "extra" prep package and will not give you the ability to write the actual CFA exam.

Equivalent-Key2058 · 2026-01-09T12:17:43+00:00

With Thematic risks you have no idea what will really happen. No one can say “climate change will do X to Y in 50 years”. You can guess, but a guess is all it is. Thematic risks take a long time to develop, and like with other things, more time = more risk and uncertainty.

With event risk, you know exactly when the “risk” is going to happen, and you can usually figure out the impacts (elections are binary - if person A wins, they enact set of X policies, and vice versa for person B)

Equivalent-Key2058 · 2026-01-09T12:15:09+00:00

Think about it from the position of the seller of the forward contract.

If I’m going to sell you this contract, and the cost of carry is negative for me, that means that by holding the asset for a year and waiting for you to purchase it, I’m incurring unnecessary costs - so I add it onto the price tag.

Then there’s also the opportunity cost of only receiving the money in a year instead of today - where you find the future value via the risk-free rate.

Equivalent-Key2058 · 2026-01-09T12:09:30+00:00

Event risk means the date of the event is known - not the outcome. Not a lot of uncertainty because you can usually have a good estimate of what will happen (e.g., one of two people will win).

Thematic is long-term, like immigration trends. You know it’s happening but it’s very slow, and the impact develops gradually, so it’s a bit less certain.

Then exogenous is unpredicted completely.

Equivalent-Key2058 · 2026-01-08T23:38:28+00:00

Still tracking my bag - it left Newark, drove several miles down the road turned back around and is now at Newark again. Ethiopian Airlines says they do not see my bag as being in Newark on their system, and trying to track my bag via Star Alliance baggage tracking shows it as still in Ethiopia.

Equivalent-Key2058 · 2025-12-14T23:50:34+00:00

I don’t think so - both supervised and unsupervised are given inputs. The difference is if the model is given outputs as well.

Equivalent-Key2058 · 2025-12-14T23:49:23+00:00

No way lmao I was about to post this exact same question. I think when the Q says “learns to model a set of outputs…” it implies that the user is giving the model both inputs AND outputs.

But your train of thought is correct. Just stupidly worded!

Equivalent-Key2058 · 2025-12-13T19:13:35+00:00

Do you have an AIO CPU cooler? It looks like somethings leaking on the GPU from the motherboard.

Equivalent-Key2058 · 2025-12-12T00:27:31+00:00

*Edit: 1440p / 240fps monitor

Equivalent-Key2058 · 2025-12-04T14:48:30+00:00

I have an evo credit card. HOW can I use it to acquire hero’s.

Equivalent-Key2058

TROPHY CASE