Start time - 7:45 pm
End - 8:40 pm
Approx 1 hour (about good pace)
35/40 correct
Not bad, 87.5% - well above the 70% target though I'm not sure how these questions compare to the actual exams.
Notes on difficult/incorrects:
- Needed to know the rules for using CFA in business materials better
- Thru question 15, only 2 correct answers were A - not sure if there is favoritism toward B and C in general on the exam
- 'Correct' for CFA purposes does not mean realistic or practical
- One example was of a all-expense paid trip to a company for an analyst - all expenses appeared reasonable - but the 'best' course of action is to pay for the trip yourself
- This would never happen in real life, but for CFA Exam purposes, it is the 'best'
- If providing banking services to a co, a permanent ban on trading that co's securities is not appropriate - a quarantine and/or temporary ban is better
- If you are out of work, you might be able to participate in incentive schemes
- Need to look more into what exactly 'soft dollar' arrangements are and how they work
No comments:
Post a Comment