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- UID
- 223313
- 帖子
- 282
- 主题
- 121
- 注册时间
- 2011-7-11
- 最后登录
- 2013-8-19
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@ beathecfa
I went through the morning session of the Boston for 2010 - I don't think that's it as good as Elan. Their questions do not follow the same format as the CFAI mock in 2 ways:
1) They lump together multiple sections under one heading (Ie Equity, FI, and Derivatives all under Asset Valuation) - which makes it difficult to see where you scored on (I noticed Schweser does this too - Elan does not).
2) The way they asked their questions did not follow the same wording format as the CFAI mock (using tables, statements, etc).
Also, as mentioned earlier - their answers are not sufficient to be a learning tool. A lot of them are one sentence answers and were very vague in my opinion. They do reference the text, but still I think they could do better.
As for difficulty - I thought it was pretty average, but some of their questions were harder than using Elan (as in I had no clue what was going on). Some of the ones that i was stumped on included:
1) P/E decreasing due to investors turning cautious
2) plowback ratio
3) ROE = ROA when the company has no debt
4) increasing D/E ratio initially decreases the WACC due to using less expensive debt first
In all, as a first timer, I thought that it was good to do, but that I didn't really learn too much from it. Also, since it doesn't follow the format of the mock, it's not exactly great prep for the actual exam. I only paid $35 for it though the Vancouver CFA society, so I think it was worth that - but i certainly would not pay the $100+ the BSAS asks for on their website! I'd stick with Elan for sure. |
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发表于 2011-7-11 18:22
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