have you guys noticed this year, that they are dedicating whole vignettes to calculations that they say aren’t necessary in their study notes?
the tests are not more difficult. i just hit 80 for the second time. but i’m getting almost the whole vignette wrong because i didn’t memorize the calculations.
things like contingent immunization, 2 bond hedge, etc… so i guess that is their roundabout way of telling us we should know all this stuff?作者: dotamasta 时间: 2013-4-14 20:28
is that what it is?? i sort of wondered the same thing……… does schweser have good track record? i mean, i can’t believe their cash and carry section is so tiny and meaningless (it is there though)
one thing i will say is it’s hard to give a highly meaningful qualitative answer if you don’t really understand the underlying equation, in alot of cases.
i mean i got the idea that the initial cushion spread or whatever it’s called would be fair game.作者: Londonrocks 时间: 2013-4-14 20:29
Changing dollar duration using a controlling position has been stricken from the CFAI curriculum, it’s in the errata. So don’t even bother with it.
As for stuff Schweser says is likely or not likely.. it’s a guess on their part. They aim for the most points on the exam, not ALL of the points.
Seriously, if you blew the reverse cash & carry in 2008, guaranteed the 9 points there didn’t make or break you. Plus, practically everyone got it wrong so it was a toss out anyway.
If we calmly focus on the big picture, we should be fine..
