Think about it, when interest rates are high, you're going to hold more bonds because you earn a return on it. But when interest rates are low, you'd rather hold money instead of bonds so when intere… (View Post)
Time tranching has more to do with setting up tranches to suit different investors with different maturity preferences. Investors who preferred to hold bonds with shorter maturities will invest in tr… (View Post)
In my opinion, the one thing that's extremely important from Lvl 1 that flows into Lvl 3 is time value of money. You better know how to solve all those PV, FV, annuity, etc questions. On lvl 3, there… (View Post)
For the most part they are the same. The readings are the same. The format in which they are asked may differ. Level 2 and 3 will be in item sets instead of individual questions. (View Post)
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