₦airaland Forum

II A
I A

Candy whats ur email address?

brotherly
me i no know where my brothers and sistas go.
Nigerian Juners 08 together we stand divided we are shark bait.
so advice question comments concerning CFA level 1 08 will sincerely be appreciated.
For people using Schweser i would advice u to use it side by side the official textbooks. And try as much as possible to ansa all the end of chapter questions.
I am having problems understanding payoff stratgies of Calls and Puts
any advice?
if i no receive reply i go flog all of una

Where una dey oh

candylips:
seems like those questions don put everyone to sleep

guy no be say i sleep.

its just that it seems we are thew only ones here

make somebody else answer this one. I never finish my revision oh,
Na only me and candylips dey this forum

A) The completed contract method is used when the selling price or cost estimates are unreliable.

candylips,
Nice one
where ur question now ?

Lets get this party Started

The probability that the economy will fall into a recession in any one year is 25%. Determine the probability that the economy will experience a recession in 1 out of 4 years and determine the expected number of recessions that will occur in 4 years.

a. 25% probability of recession and 1 recession in the next four years.
b. 25% probability of recession and 4 recessions in the next four years.
c. 42% probability of recession and 2 recessions in the next four years.
d. 42% probability of recession and 1 recession in the next four years.

Hello

I know alot of us have busy schedules work full time, but we need to make out time to help each other and in helping each other we help ourselves. I want to reiterate something that the CFA level global pass rate was 40% but the Africa pass rate is 28% so the better prepared we all are the better for all us cause God willing I don't want to take level 1 twice as mathematically possible as it may be.

We need to raise the bar.  The website attached below really helped me alot organising myself. http://cfathoughts..com/

I have a couple of subjects that I have issues with but there are very few people I can reach out to here in Nigeria. So the sooner we start posting topic specific  questions on CFA the better for all us.

We don dey reach crunch time oh.

So people may say I am being paranoid but I believe that it is better to have a gun and not need it  than to need a gun and not have it 

Cheers

wyt
na wah for u oh.
na so u abandon me

The top pick for employers in the sector is the CFA program. It’s the highest qualification in the investment industry, but it’s also the toughest - by a long mile.

Even the mention of signing up to the CFA program is enough to send a shudder through those familiar with it. Candidates have to pass three six-hour exams across three years, (Level I, Level II and Level III), which involves a minimum of 250 hours of study. The failure rate is huge.

According to the CFA Institute, the Level I global pass rate in 2006 was 40 per cent, the Level II global pass rate was 48 per cent, and Level III, 76 per cent. In addition to the demanding study schedule, the CFA program also requires four years of relevant work experience in the investment industry

Some motivation for my brothers and sisters

The battle of credentials
By James Goodnough, 
Sunday, February 11 2007
Merits of the MBA vs. CFA.
The Master of Business Administration (MBA) or the Chartered Financial Analyst (CFA) designation? That is the question.
Which credential ultimately adds more value and helps its holder get on the fastest track to meeting his/her professional goals? There is no question that an individual with either should expect a higher salary. In fact, it would be ideal to carry both. However, time and money limit one’s ability to pursue both the CFA and MBA, so if you had to choose only one designation, which would it be?

In essence, the CFA is a far more specialized program, aimed primarily at those either interested in or already pursuing a career in the financial industry. On the other hand, the goal of the MBA is to expose its candidates to a wide variety of business streams – marketing, finance, accounting, or organizational behaviour – and give them the options to specialize or remain a generalist.

The CFA route is designed for individuals interested in a finance career. The candidate must have four years of experience related to the aforementioned tasks, or be in the process of accruing it. This designation has another caveat emptor however: Summer internships do not count.

MBA programs do not segregate candidates based on their past work experience and future work plans. However, there are a number of hurdles to jump over before entering a distinguished MBA program. Depending on which school you are interested in, you may be required to verify a certain amount of job experience (usually two years) before entering the program.
Due to fierce competition over entry into these programs, a strong supplementary application coupled with proven work experience and high GMAT scores are necessary for admission.

Now for the meat of the discussion: the costs versus pay-offs. Depending on the MBA school of choice, one will likely spend anywhere between $30,000-$100, 000 over the course of one to two years. Starting salaries also vary from school to school: Top US Ivy League schools have an average post-MBA salary of US $110,000 compared to the average pre-MBA salary of US $70,000. That is a 57% increase in salary upon graduation.
On a more domestic note, MBAs attending top Canadian business schools such as the Western’s Ivey, Queen’s, Rotman, and Schulich can expect a salary increase of 56% upon the completion of their degree; the average pre-MBA salary of US $45,000 increases to approximately US $70,000 upon program completion.

The CFA works a little differently. It consists of three tests that can be written once a year, and provided you pass all three of them on the first try, you can obtain your designation in three years. However, that is a big “if”. According to studies, one needs a minimum of 250 hours to study for all three tests. However, the pay-offs are lucrative: CFA holders enjoy an average salary of [b]$180,000; that is 54% higher than those without the designation. [/b] ;DFurthermore, CFA holders with ten years of experience demand 10% higher salaries than their MBA counterparts. Considering that the program occurs over the course of three years, and taking into account that the preparation material and tests cost about $7,000, the immediate returns of a CFA are higher than that of an MBA.

Salaries aside, according to Managing Directors and Associates at TD Securities and CIBC World Markets, most professionals with a finance focus will be required to pursue their CFA at some point. In fact, employers with the largest number of CFA holders include CIBC, Deutsche Bank, Fidelity Investments, Goldman Sachs, HSBC, Merrill Lynch, RBC, and UBS. For today’s young finance professionals, a CFA is a far better investment.

TBK417,
Bro the thing is when u start reading for this exam u start appreciating what it means to analyse stock and make your own predictions.
Candylips
Maybe we are here to make the nigerian bond market popular and introduce nigerian to derivatives

How far?

Una still dey

90 days to go oh

So please buckle up

OL BOY
thanks for the inspiration
I'm on for june 7

Dr D
Thats what I am doing thanks

Dr D
Thats what I am doing thanks

is it schweser SS or CFA SS

Guy QB cost oh.
I no get money now

starting my revision
any past question papers

where everybody go

yes na june get me.
doing it in ghana
how did u find quant

by the time u enter bonds u go begin think about the money u spent on this exam.
where u dey plan take ur exams

guy thanks a mil
which study session u dey
i dey study session 16

To what extent u dey rely on the shweser vs the CFA Notes.
I just receive my CFA notes fear one kill me

my mind be dey Q1 B
abeg try correct ur brother

candylips
I never do my revision but i am expecting

Q1 A

Q2 C

I am not sure of these ansas

realkemmy,
guy u done take level 3 of the cfa

D(1+g)/c=N50.

real kemmy abeg more questions.
You have brought life back to this thread.
Guys guess what have past questions.
Anybody interested.
the ansa to the N360 question is 48.9125 every 6 months.
I am using a texas instrument can beat that. throw so more.
do u have any forward rate questions.

Mu was right with both questions.
the last one was kinda of devious.
d/c=40000 u then solve for c.

candlips it is an annuity question.

i want more.

iyke d.
try contact bakare on this forum