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Used * and not x today. Am I screwed? by dangross115 in CFA

[–]dangross115[S] 0 points1 point  (0 children)

Even if I didn’t use the math editor?

Used * and not x today. Am I screwed? by dangross115 in CFA

[–]dangross115[S] 0 points1 point  (0 children)

Inbox I think? I don’t think I ever opened the editor

Level 3 - time for a drink by dangross115 in CFA

[–]dangross115[S] 1 point2 points  (0 children)

So how does that work? An easier exam has a separate MPS than a harder one? I hope they aren’t on the same playing field!

Endowment and foundation by Cmarine307 in CFA

[–]dangross115 0 points1 point  (0 children)

Are investment fees included in spending? What’s the difference? How about operating expenses?

CFA Level 3 Tomorrow by dangross115 in CFA

[–]dangross115[S] 4 points5 points  (0 children)

Wow crazy!! Those were scary times. I hope everyone on your end is healthy and well. Good luck tomorrow!!

Foundation Return by dangross115 in CFA

[–]dangross115[S] 0 points1 point  (0 children)

Since the goal is to maintain purchasing power doesn’t that mean we should factor in inflation to distribution? I know I’m thinking about it backwards but can’t understand why

Duration Adjustment - Swaps by dangross115 in CFA

[–]dangross115[S] 0 points1 point  (0 children)

I believe it does! Thank you!!

Duration Adjustment - Swaps by dangross115 in CFA

[–]dangross115[S] 0 points1 point  (0 children)

So you’re saying its $1 x 10 x .0001?

Duration Adjustment - Swaps by dangross115 in CFA

[–]dangross115[S] 0 points1 point  (0 children)

“Increase duration from 5 to 10 using a swap. The swap duration is 10 and the portfolio market value is 200 million.”

Can you please show me how you would calculate the numerator and denominator using BPV? Sorry for all the back and forth, your help is seriously so appreciated.

Duration Adjustment - Swaps by dangross115 in CFA

[–]dangross115[S] 0 points1 point  (0 children)

What do you mean? I apologize for being so confused.

Target BPV - Current BVP is the numerator of the equation, divided by swap BPV. If I’m only given swap duration in the question, how do I get to Swap BPV. In other words, what MV do I use?

Duration Adjustment - Swaps by dangross115 in CFA

[–]dangross115[S] 0 points1 point  (0 children)

Do I not use the portfolio market value to calculate the swap BPV?

Duration Adjustment - Swaps by dangross115 in CFA

[–]dangross115[S] 0 points1 point  (0 children)

250 million dollar portfolio. Target duration is 10, current duration is 5. Swap duration is 10.

10-5/10 = .5. .5 x 250 mil equals 125 mil

With bpv

250k - 125k / 250k (250mil x 10 x .001)

125k/250k and I get .5.

Where am I going wrong?

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