标题: Portfolio construction calculation [打印本页] 作者: noel 时间: 2011-7-11 19:28 标题: Portfolio construction calculation
according to the LOS of Reading 69, we're only required to know the steps of Treynor-Black model, but the EOS questions are really computationally intensive.
Do we need to compute every step till the end on exam day? I'm comfortable with the formula to calculate weighting of individual securities in the active portfolio and information ratio, but i just couldn't make it till the end.
Any thoughts on the requirements? Thanks!!作者: sameeragarwal 时间: 2011-7-11 19:28
Once upon a time an exam had a seriously horrific Treynor-Black stem set. It would seem unlikely that they will make you calculate the whole thing again but it could happen like it did in whatever year that happened. The prob. is small but it does exist. Can't always trust what the LOS said, they reserve the right to screew you without morals.作者: maryli 时间: 2011-7-11 19:28
At the beginning of the reading there is a note that says:
"Candidates are not responsible, within reading 69, for deriving or memorizing the formulas introduced in sections 4-6."
make what you want of this, I'm not memorizing any formulas there.作者: MiniMe7 时间: 2011-7-11 19:28
I must have read that note 15x and wondered what was left if you didn't have to "derive or memorize" that bad boy. The LOS only says you have to "discuss the steps..." The 3 EOCs didn't clarify matters either. They just wanted you to calculate everything.
Well, now I'm on reading 70, and my calculator is taking a much needed break!作者: giorgio10 时间: 2011-7-11 19:28
