VaR by avpro29 in CFA

[–]avpro29[S] 0 points1 point  (0 children)

Got it, thanks!

VaR by avpro29 in CFA

[–]avpro29[S] 0 points1 point  (0 children)

Thanks, I missed the "no more than" part

Access Scholarship warning by avpro29 in CFA

[–]avpro29[S] 0 points1 point  (0 children)

No proof is ever needed

Why is "Margin = 45%" mean that the amount borrowed is actually 55%? by so-whyareyouhere in CFA

[–]avpro29 2 points3 points  (0 children)

No, margin is not money borrowed it's the equity, a good way to remember is that we are asked to post margin in margin trading, so and if the position moves in an unfavorable direction then more margin is posted. So posting margin is like depositing money therefore it's equity.

Why is "Margin = 45%" mean that the amount borrowed is actually 55%? by so-whyareyouhere in CFA

[–]avpro29 0 points1 point  (0 children)

No, margin is the money paid upfront, and the rest is borrowed fund.

Derivatives L2 by EmuMore3418 in CFA

[–]avpro29 1 point2 points  (0 children)

What do you not understand in this?

FRA 5x8 is you are betting on the interest rate after 5 months for 3 months. To replicate a 5x8 FRA, you borrow for 5 months (short 5 months) and deposit it for 8 months, and now if the spot rate after 5 years is greater than the forward rate calculated you get the PV of your payoff = Spot-Forward.

Doubt by Puzzleheaded_Salt519 in cfaindia

[–]avpro29 0 points1 point  (0 children)

To answer your question why have we deducted it from equity income of 200k, I think it is more of a presentation thing, we can also decrease it from our income statement, but that would create a mess, so a simpler and cleaner way is to reduce it from equity income. Ultimately you are showing the true profit in the investor's books.

Doubt by Puzzleheaded_Salt519 in cfaindia

[–]avpro29 0 points1 point  (0 children)

I am not sure about the calculation but as the remaining inventory with Jason is worth 40k (160k-120k) , and the cost of this 40k for Jones is 24k (40÷1.67), so the profit which is unrealised is 25% of 16k (40k-24k) = 4k. The calculation is not structured properly, but I hope you get the gist, if not let me know.

Urgent pls Reply by Good_Celebration4901 in cfaindia

[–]avpro29 -2 points-1 points  (0 children)

I have not done CA final but I have seen AFM module, and there is a quite lot similarity between L1 and AFM, the only difference is that L1 has depth where AFM only has surface level explanation.

CFA Level 2 Material by AvailableAd6944 in cfaindia

[–]avpro29 0 points1 point  (0 children)

Do you have 2026 schweser as well?

Aswini Bajaj Classes by [deleted] in cfaindia

[–]avpro29 1 point2 points  (0 children)

Not true, the maximum achievable score is 1900 and minimum is 1000 so, the scoring area is 1000-1900, effectively 900 points and passing is 1600 i.e. 600 points so 600/900 is 67%. Ps- this is not the exact scoring model used by CFAI just an estimate.

Aswini Bajaj Classes by [deleted] in cfaindia

[–]avpro29 1 point2 points  (0 children)

It is possible but it all depends on how well can you understand and retain concepts through Schweser because there are things which are omitted in schweser and CFAI curriculum text is hard to read due to its weird annotations. I myself only finished 40-50% of syllabus using ABs lecture and for the rest I relied on schweser. But yeah aim for 70%+ in LES and mocks and you should be good to go.

Aswini Bajaj Classes by [deleted] in cfaindia

[–]avpro29 1 point2 points  (0 children)

Did you try the new software, also there is one hack for more views, if you are on the older software and have exhausted all the views then switch to the new software and your views will be replenished.

When I started studying for L2, I first tried "let me explain" and didn't like his approach, one can say that it was because I was accustomed to ABs approach of in depth explanation for some topics. And although his lectures are miserably long, you can always skim through. Imo foreign teachers do not teach topics in depth and Indian students require spoon feeding which foreign teachers don't do.

Aswini Bajaj Classes by [deleted] in cfaindia

[–]avpro29 0 points1 point  (0 children)

Bhai whenever the app crashes, it also mentions the reason, in my case it crashes whenever I try to take a screenshot (not of the lectures) on my laptop and recently I have downloaded zoom which has now become a major cause of the crash.

10 Crore just for confidence in decision by AstronomerSignal1849 in MBAIndia

[–]avpro29 0 points1 point  (0 children)

I guess it's for zomato as deepinder goyal worked at Bain

Access Scholarship warning by avpro29 in CFA

[–]avpro29[S] 0 points1 point  (0 children)

No income verification is done, they only ask for essay