mar350

if you think you can just memorize stuff and expect to pass L2, good luck
btw, if you actually understand the logic behind CAPM and z-spread and not just memorize, you’ll have easier time solving the question. For example, 99% of CAPM equation related question that I’ve come across through mock and cfai book don’t ask to calculate the return. It asks you to compare expected and required and determine if it is overvalued or undervalued. Memorizing the CAPM formula won’t help you here as much as understanding the graph which you derive from understanding the CAPM concept.
so while it may take a little bit more time to go through the concept and understand it, it’ll be more helpful in the long run