bodhisattva

Assuming I still have 3 full practice exams left, I am getting the vibe I should just pass on the time/$50???

brain_wash_your

Where is the online explanation key for the PM session?

onelife1

I messed up that problem and assigned myself zero points. The frustrating part is that calculation was of 14 points which is kinda stupid as it won’t happen in real exam. Also taxes stuff - I mean c’mon we are not doing MS in taxation or CPA.
I am surprised how did you get the full answers with right calculation. Good for you, mate!
I am kinda pissed by wasting $50 and 3 hours…

Windjammer

I see where you are getting confused…. i took it to mean current year as in year coming up, the year she is retiring… so that is why she gets the payment then…. it was a tricky problem though

joehogue

Then how about 250K used in current year’s calculation when she is retiring next year.

yuoska

cfaboston…. it said he gets the 1.5 million the day he retires… which technically is year 2 is how i looked at it, so on his last day of work he would get his last pay check plus the 1.5 million….that is why i added it in year 2

krause2

Also part c- of q3- where does it say that Perkins was going to pay gift taxes? The formula they have used is for that

Iginla2010

Took the Schweser mock in mid-town, NYSSA’s (new) headquarters… lots of tourists in Times Square today.
Scored 73% on a.m. session. Approached the same as hazyskunk.. worked backward, instead of CFA formula (which I forgot). So, gave myself full 8 points where I’m not sure the graders would see that way.
Also for 1A, my return was off by 4 bps because I didn’t inflate the mother’s medical (reading didn’t say it changed with inflation, although guess you could infer).
P.m. was a disaster for me - 60%. I am depressed, but now re-looking it’s not so bad…I lost most of my points on Ethics, GIPS (neither of which I have finished reviewing), Behavioral (haven’t reviewed yet), and Equity (that section on Style Fit - blanked). So, once I have time to review these maybe won’t be in terrible shape.

Windjam

boston21 -
1.5 million which Mike is going to get at retirement which is after 2 years so why the fk they took in next year?

tarunajwani

Just finished the PM exam and scored 67%.
Ethics Q- 2 - 1/6 ouch. Next week I have to do ethics. Procrastination is not helping in scores.
FI - Few mistakes in Fixed Income, calculated wrong dollar duration etc
Basically I would have scored close to 75% if I knew the ethics and had I learn all the formulas which I am going to do in last couple of days before exam.
Overall exam was fair.