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SerGrey Wrote:
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> This year's exam was easer, in AM in Level 3 in
> 2009 was terrible (IMHO)


in 2009 - only 2 questions were there which were kinda tough - Implied Assets and WACC stuff (and my be Grinold calculation was tricky) but rest of the exam was doable and folks had ample time to complete it. This year, it was just too many questions with 3-4 points alloted to it.

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