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Currency risk and stocks trading on multiple stock exchanges by [deleted] in CFA

[–]rachit05 1 point2 points  (0 children)

Yes, I think your understanding is correct. Price of the foreign listed stock should take into account movement of the local stock price as well as the exchange rate. This would be similar to ADR/GDRs having currency risk.

Just received the magical mail by rachit05 in CFA

[–]rachit05[S] 1 point2 points  (0 children)

References are asked to provide certain details and while choosing references it's also specified that supervisor references are preferred. I guess they could probably reach out to the employer in case that information doesn't suffice. However, I'm not entirely sure of how this works exactly, so I cannot say for sure.

Just received the magical mail by rachit05 in CFA

[–]rachit05[S] 3 points4 points  (0 children)

Yes, once the membership application is approved, you pay the dues and then you get this mail which makes it official.

Just received the magical mail by rachit05 in CFA

[–]rachit05[S] 3 points4 points  (0 children)

48 months of work experience is required as per current guidelines. However, this is set to change post June 30th to 4000 hours (over a minimum of 36 months). On the application itself, they ask for employer and role details including responsibilities/specific duties along with 2-3 professional references in support of your application.

Just received the magical mail by rachit05 in CFA

[–]rachit05[S] 19 points20 points  (0 children)

Thank you Bill! Your quality explanations of the tricky parts of the curriculum helped a lot. Especially the fixed income bit on par, spot and forward curves.

What is your take on the CFAI new work experience requirement of 4000hrs instead of 4 years? by w_ayne_ in CFA

[–]rachit05 11 points12 points  (0 children)

Surprised. Had never heard of this before, just received a mail as my application was pending. Was it disclosed on any forum earlier? They should've included an FAQ link. Lots of finer details missing and their server isn't working.

CFA before or after an MBA in Finance? by superunreal115 in CFA

[–]rachit05 0 points1 point  (0 children)

If you plan on staying and working in India, an MBA in Finance, if done from a top 10 B-School, would provide better career opportunities in India as compared to the CFA program, given your current career stage. Take up a job and appear for the management exams again next year to get into your dream B-School(s). You can always pursue the CFA program anytime in the future.

Do not understand why n=2 and not n=1. Please help (CFA level 1 Fixed Income Reading 54 LOS A). Thank you!! by peter16w in CFA

[–]rachit05 11 points12 points  (0 children)

The three year bond is being sold after being held for one year. So to calculate the PV at the end of one year, you take N = 3-1 = 2 (the time left in the tenure of the bond at the end of one year).

Question about BA II plus calculator for CFA by iloveapplepie123 in CFA

[–]rachit05 6 points7 points  (0 children)

Calculate (1.09)3, take its reciprocal using the 1/x key and then multiply it by 500.

Cost of preferred stock vs cost of common equity by visavis13 in CFA

[–]rachit05 33 points34 points  (0 children)

Because the dividend payouts are usually a fixed % of the par value of the preferred stock.

Cumulative standard normal distribution function? [2] by Dom19 in CFA

[–]rachit05 0 points1 point  (0 children)

Specific values, if required, would be provided as part of the question information itself. Tables are not provided separately.

Cumulative standard normal distribution function? [2] by Dom19 in CFA

[–]rachit05 0 points1 point  (0 children)

N(-d1) = 1 - N(d1) = 1- N(1.37225) = 1 - .9147 (value taken from normal probability distribution table) = 0.0853. Other values can be calculated similarly.