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Just looked at 2002 CFA exam and the IPS questions were very different to the current way of asking. They used PV and a lot of changed cicrumstances etc.

Do you think they would ask in terms of PV or do you think this is their old way of doing things? know it's not a hard think to "get" but just quite a different approach to the questions so would need to spend some time reveiewing it all from that perspective.

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