CFA Level 1 December 2013

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About this group
This thread is created to give platform to all CFA Level 1 candidates who are going to give exam in December 2013 to share their experience, study materials, problems and others with each other.
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I want your opinion, while registering shall we go for print copy of curriculum or eBook is sufficient.Please let me know

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All the best guys!!!!

😁
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Hi,

How many of you are giving CFA L1 or L2 this June?

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anyone to sell the financial calcy in ahmedabad or vadodara please ping me

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@Nirmal_Analyst I saw your videos. They were helpful. thanks. Can you please comment about the results. I am worried that didn't fare well in some of the sections. Also pls explain the ethics adjustment
As You Dream So Shall You Become ! CAT '12 99.08 Final Converts : MDI,NITIE,SJMSOM,IIT D,IIM Rp Ro T U Ka
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Plan on practicing more problems before the exam?


Try CFAwhiz at www.CFAwhiz.com


Compete against friends, received individualized exams based on past results, and breakdown your results to identify sections that need work.

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@Nirmal_Analyst

CFA Level 1 Practice question 103



The average runs scored by cricket teams in Twenty-Twenty matches are 150 with a standard deviation of 20 runs. The probability of a team scoring between 130 runs and 190 in a match is closest to



a) 99.0%



b) 81.7%



c) 97.5%



The distance between 130 and 150 is 1 SD. We known the 1SD on both sides of means imply 68.4% probability. Since 130 to 150 implies only one side of the curve take half of it i.e 34.2%. Now on the other side distance between 150 and 190 is 2 SD. We known the 2 SD on bot sides of the curve implies 95%, since 150 to 190 is half of 1t the probability is 47.5%. So probability from 130 to 190 will be given by 34.2+47.5 = 81.7%

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CFA Level 1 Practice question 103


The average runs scored by cricket teams in Twenty-Twenty matches are 150 with a standard deviation of 20 runs. The probability of a team scoring between 130 runs and 190 in a match is closest to


a) 99.0%

b) 81.7%

c) 97.5%

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@Nirmal_Analyst

CFA Level 1 Practice question 102



A stable state company reported Total Assets of $2500 at the end of 2011 and $2850 at the end of 2012. Total Liabilities were 1200 in both the years. The net profit for the year 2012 stood at $ 425. The company did not witness any unrealized gain/loss during the year nor did it issue/ buyback equities. The sustainable growth rate of this company is closest to



a) 4.5%



b) 25.8%



c) 23.7%



Answer C: Owner's equity in 2011 is 1300 and 2012 is 1650. Given that owner's equity could have increased only by retained earnings we can calculate dividend for the year as 1300+425-1650=75. Payout ratio = 17.5%. Average equity = 1475. RoE= 425/1475=28.8%. . Growth a (1-payout ratio) * RoE= 23.7%

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Guys, As a former test taker I am eligible to refer upto 25 students for Bloomberg BAT. Its a pretty good test, a more advanced version of CFA in a way.

Here is a brief about the test as given in their site. The Bloomberg Aptitude Test (BAT) is a 2-hour, 100 multi-choice question test of your aptitude to work in finance used by top-tier employers worldwide. 1. See where you stand against classmates at your school (1,000+ campuses) 2. Star in our monthly Hall of Fame and enhance your resume/CV 3.Get more first round interviews with Bloomberg's elite clients 4.Complimentary 6-month access to Bloomberg Briefs (worth $2,000)

Here is the link to the test. Its a 2 hour test btw. Use only if you want to. https://talentsearch.bloomberginstitute.com/test_sessions/available?ober_reference_id=1b73742c502c12733fd54798bee0e8165b1968df

SJMSOM
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