luda002

GPM, just for your reference, all CFA Examinations are out of 360 points.  One point for each minute it should take you to answer a question.  This problem was worth 2 points.  Keep in mind that they may give credit for an explanation even if you circle something else.  Assuming that you received no credit on your explanation then this adjustment would be .5556% points (2/360).  If they had previously given credit on the explanation but not the answer, then this would be approximately .2778%.(1/360).