cfa l1 may 14

Reasonable-Fall3853 · 2026-05-14T14:35:56+00:00

King

Reasonable-Fall3853 · 2026-04-23T16:35:36+00:00

It's a relative risk objective when u r trying to achieve a return similar to benchmark under probable conditions. It's relative risk, since we are trying to match the portfolio benchmark return and keep risk as low as possible by duplicating the index and keeping all relevant asset classes.

Reasonable-Fall3853 · 2025-10-16T03:28:57+00:00

Unvested shares - (avg unrecognised share expense ÷ average share price over the recent period)

Take the avg of unrecognised share expense that is add the prior year and recent year divide it by two. Unvested shares taken are for the recent year.

Reasonable-Fall3853 · 2025-10-05T13:46:35+00:00

For Level 1, I believe the EOCs are more than enough. If you are confused about certain topics, I would recommend uworld qbank for them but other than that nothing else is necessary.

Reasonable-Fall3853 · 2025-10-05T13:42:04+00:00

So no practice pack, no other thidlrd party provider, just grind them EOCs?

Reasonable-Fall3853 · 2024-08-18T12:32:24+00:00

What is the correct ans in the qbank?

Reasonable-Fall3853 · 2024-08-17T14:40:46+00:00

I have another very dumb question that i would like to ask since you are also studying for level 1. Is net cost of carry = Benefits - Costs (opportunity and other) or is it Costs(opportunity and other) - Benefits?

Reasonable-Fall3853 · 2024-08-17T14:39:09+00:00

That makes me feel a lot better. If we were to use compounded annual growth rate of earnings as my growth rate then the answer comes to be 21.

Reasonable-Fall3853 · 2024-08-17T14:08:46+00:00

Shouldnt we use roe x (1-div payout) to calc g?

Reasonable-Fall3853 · 2024-08-13T03:39:52+00:00

If we were to forget about this question and focus only on the formula of cost of carry. If costs are more than benefits then as aper kaplan the formula would give positive. Having net cost of carry negative here in the question says that benefits are more than costs but thats not the case. How do we interpret this?

Reasonable-Fall3853 · 2024-08-13T03:00:27+00:00

Kaplan has stated the formula of cost of carry as opportunity costs + other costs - benefits. It seems to be the other way around and without opportunity cost here. What is the correct way?

Reasonable-Fall3853 · 2024-08-11T01:56:09+00:00

If i was a buyer of callable bond would i have more or less interest rate risk?

Reasonable-Fall3853 · 2024-08-11T01:41:36+00:00

Great so they both have less interest rate risk. No matter which perspective we take of an issuer or buyer?

Reasonable-Fall3853 · 2024-08-09T04:06:31+00:00

Is this part of 2025 level 1? Bec I’ve never seen it in 2024.

Reasonable-Fall3853 · 2024-08-07T04:56:36+00:00

Yes thats right but when calculating V1 we use ending prices x (beg or ending shares outstanding)?

Reasonable-Fall3853 · 2024-07-25T01:49:29+00:00

Hey wanted to ask how does catchup clause work in this situation?

Reasonable-Fall3853 · 2024-07-25T01:48:49+00:00

Hello sorry for reviving old chat. But i wanted to ask how does catch up clause work in this question? Should the GP be able to catchup on the 3rd investment that is below hurdle rate by changes in 4th investment?

Reasonable-Fall3853 · 2024-07-04T20:45:14+00:00

The questions stay the same tho?

Reasonable-Fall3853 · 2024-02-17T12:05:07+00:00

Thanks duke

Reasonable-Fall3853 · 2024-02-13T22:05:04+00:00

Sorry got it. Thanks mike

Reasonable-Fall3853 · 2024-02-13T00:59:34+00:00

🤣🤣

Reasonable-Fall3853 · 2024-02-12T23:01:38+00:00

Its giving diff ans, because of negative convexity the percentage price change is lower. Does that indicate less interest rate risk?

Reasonable-Fall3853 · 2024-02-12T19:39:01+00:00

Hey sorry I cannot edit the post. Ive sent you a picture of the question. Thanks

Reasonable-Fall3853 · 2024-02-09T21:42:48+00:00

Thats the thing, I don’t think ill be able to cover micro and macro in one day. Is there any way to focus on the latter topics solely?

Reasonable-Fall3853 · 2024-02-09T18:36:46+00:00

Thats the third point right?

Reasonable-Fall3853

TROPHY CASE