Book 1, pg. 79-81 - Correction
Correct answers are: #16B #21A #24B. Answer explanations are correct. ( Posted: 2010-10-20)
Book 1, pg. 231 - Correction
The last full sentence should read "For a time series that is NOT covariance stationary, the least squares regression procedure that we have been using to estimate an AR1 model will not work without transforming the data." ( Posted: 2010-11-24)
Book 1, pg. 350 - Clarification
The order of the last 2 sentences in the 2nd full paragraph should be reversed for better readability. It should read: "Opposite adjustments can be made to convert GDP at factor cost to GDP at market prices. That is, add indirect taxes and subtract subsidies." ( Posted: 2010-12-06)
Book 3, pg. 220 - Correction
Problem 15: The FCFE table is incorrect; the actual Year 6 FCFE figure should be 2.75. The answer choice does not change. ( Posted: 2010-12-28)
Book 3, pg. 252 - Correction
Rationales for using P/S are that Sales are the hardest to manipulate. ( Posted: 2011-01-06)
Book 4, pg. 84 - Correction
Problem 30. The Answer Explanation should include the following text "The first round investors will be later diluted by the second round investors to an ownership of: 54.73% × (1 – 0.0750) = 50.63%." A is correct. ( Posted: 2010-10-28)
Practice Exam Book
Secret Sauce
Online Practice Exams
Video CDs
Slide Workbook 1, pg. 93-108 - Correction
File Included: Reading 24, Pensions_REV 12011 93-108.pdf
Replace video CD slides for SS#6, 93-108. ( Posted: 2011-01-26)
Audio CDs
Schweser's QuickSheet
Flashcards
Correction
SS6, card 18. Please disregard the second bullet point. ( Posted: 2010-12-27)
Correction
Green.85: The three bullet points don't contain the rationales for using (P/S) ratio in valuation. In fact, these are the disadvanages, which can also be found on the following card. ( Posted: 2011-01-06)