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b_sea93

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11# 跳转到 »
发表于 2011-7-13 15:09 | 只看该作者
If it shows up on game day, leave nothing to chance, compute it both ways, with the PV of dividends subtracted and without. If your choices are the classic "closest too.."

A) 49.50
B) 51.25
C) 52.75

If you compute 49.50 by subtracting the PV of dividends, and 51.25 without, I would answer A $49.50. If however you compute 48.75 (closer to 49.50) by subtracting dividends and 51.25 without I would then answer B.

I agree the effort they put into the L2 mock this year is sub-par. Especially for the CFAI.

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Kapie

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12#
发表于 2011-7-13 15:09 | 只看该作者
for the option question, it gives 6 month annualized interest rate, when we derive the probability of move up/down, should we use (1+r)^0.5 instead of full year rate? Thanks

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onelife1

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13#
发表于 2011-7-13 15:09 | 只看该作者
In the FCFE question, Net increase in WC is shown as change in current assets - change in current liabilities

They forgot to subtract cash from current assets...

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YAhmed

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14#
发表于 2011-7-13 15:09 | 只看该作者
(1+r)^0.5??

verse214 Wrote:
-------------------------------------------------------
> no you use 1+(r^.5)

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