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Hi Pepp, I'm also lagging behind by a great deal. What I'm doing is know the FRA and the equity section very well (Those 2 should cover, on average 50% of the topics encountered on exam day) - I'm through with the FRA and half through with the equity. Then, I'll move on to equity, I'll do all questions I can find on the code of ethics and the standards of professional conduct (i don't think I actually need to go through the theory). However I WILL HAVE to learn all the other things in the Ethics section. Equity should cover 10% of exam questions. I'll then go quickly with things that I basically already know (economics and corporate finance). And for the rest, I really don't know, especially with derivatives and quant!

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I meant Ethics should cover 10%

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I am more or less leaving emerging markets valuation behind, but that's the only reading I'm neglecting. F@ck that reading, i hate it so goddamn much, and it's worth probly nothing

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Any retakers:

If I was to do everything except swaps, you think that would be alright, I havent looked at it yet, and dont want to waste too much time trying to work it all out, but I do have good grips on all the other material?

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guys as a level 3 candidate i would honestly say that if you are seriously behind then leave out a significant portion of derivatives including swaps...am telling you this because even if you do spend (lets say 3 days) to master some of the material you might still not be able to answer the exam questions.....

if i were to repeat level 2 i would probably leave derivatives and stupid chapters like emerging markets...i think the topics which are going to give you the most are topics like statistics,equities,FSA and Fixed Income....

imho

p.s quant will surprise you because all are waiting for very hard formulas and calculations but the institute always finds a way to ask them in a conceptual way...make sure you get the basics there and should be able to answer 3 or 4 in a quant problem set...

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hey

In corp finance just read M&A and capital budgeting glance a bit of MM theories
Equity try to read all valuation models - the last study session other readings just summary
FRA - Pension , Multinational , Intercorporate Inv
Portfolio mgmt - Portfolio concepts and Int'l portfolio management

Even I am yet to complete Eco and AI ..offcourse ethics has to be done too but I wouldnt take more than a day or two on that

All the best

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Definately skip derivatives. It is not something you will be able to learn in a short amount of time and it is potentially only 5% of the exam (5%-15% officially)

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the emerging market section is almost useless. Pretty much all you need to know is to discount real CF by real rates and Nominal CF by nominal rates.

for Capital lease, just remember that operating leases will have more favorable ratios than capital leases (better profitability, lower leverage).

Private company valuation, i would learn the discount for liquidity and control, and the methods (like EEM and capitalization - not hard and pretty wuick to learn)

SS7 is tricky, because there will definitley by q's based off it. Definitely learn the accruals ratios i feel like it is easily testable

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Last year I left Swaps and Emerging markets valuation; got 70+ in Derivatives by guessing

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