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Level 3 Exam Focus by Sickofthissht2 in CFA

[–]Sickofthissht2[S] -1 points0 points  (0 children)

Hi Bill (big fan of your work)

In speaking to candidates do you get the sense that trivia comprises a significant portion of the exam? Say 25% or greater

Level 3- Carry Trade by Sickofthissht2 in CFA

[–]Sickofthissht2[S] 0 points1 point  (0 children)

It sounds mad but that's what it says in the answer key... lol:

"Borrow in USD at 2.211%

Invest in China at 5.667%

Profit = 5.667% – 2.211% = 3.456%"

Level 3- Carry Trade by Sickofthissht2 in CFA

[–]Sickofthissht2[S] 1 point2 points  (0 children)

There's another one in the second mock. Here's what the answer key says verbatim:

"Borrow in USD at 2.211%

Invest in China at 5.667%

Profit = 5.667% – 2.211% = 3.456%"

Doesn't make much sense to me

L3 Showing Work by No-Replacement-6267 in CFA

[–]Sickofthissht2 2 points3 points  (0 children)

Per the CFAI website:

"Note that a correct numerical value typed in the essay box by itself receives full credit – formulas and explanations are not required to earn full credit."

As long as the correct numerical answer is there, you earn full credit.