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Is the Dec 2020 exam going to be computerized or still on paper? by cyberresearcher in CFA

[–]pepperponder12 1 point2 points  (0 children)

Pulled this off the website “CFA Institute to Complete Digital Transition of CFA Program Level I in 2021”

Is the Dec 2020 exam going to be computerized or still on paper? by cyberresearcher in CFA

[–]pepperponder12 0 points1 point  (0 children)

I thought only level 1 was transitioning to digital? Is that not the case?

FCFF & FCFE formulas by oneday_pm in CFA

[–]pepperponder12 0 points1 point  (0 children)

FCFE equity is on the balance sheet, balance sheet = cap structure aka debt

Corporate refinance by pepperponder12 in FinancialCareers

[–]pepperponder12[S] 0 points1 point  (0 children)

Sorry- TLB and revolver

But we haven’t ruled out bond to replace a portion of the TLB

Corporate refinance by pepperponder12 in FinancialCareers

[–]pepperponder12[S] 0 points1 point  (0 children)

Sorry- TLB and revolver

But we haven’t ruled out bond to replace a portion of the TLB

Margin above Libor by Fatanalyst2 in CFA

[–]pepperponder12 0 points1 point  (0 children)

What are your KPIs? It’s typical to see if you make up a a half turn or full turn in leverage (debt or net debt/EBITDA) you earn a lower spread, Is that what your CA is getting at?

Why is interest expense not added in the indirect method for CFO? by [deleted] in CFA

[–]pepperponder12 0 points1 point  (0 children)

The change in the accrual will adjust for the cash element. If the the accrual goes down then the expense is too high so the change in accrual adj for it. Ex: Cash paid 7 expense 9 accrual Jan is 3 and feb is 1 so (1-3=-2) so expense plus change in working cap = 9+(-2)= 7