Another CFA® Level 1 exam has come and gone. I didn’t write this one, but I’ve started studying for the CFA Level 2 exam which is considered the most difficult to pass exam by many. Yesterday I did too much blog maintenance and not enough studying, but I did review some of my flashcards. I’ve been adding to my collection of physical flashcards and improving them, but the flashcards I used to pass the CFA Level 1 exam are available online and through the miracle of web analytics here are the Top 10 most popular flash cards for November 2014.
- 5 Assumptions of the Markowitz Portfolio Theory
- Covariance of A & B on BA II Plus
- FRA Payoff formula
- Annualized Forward Premium formula
- Cost of Trade Credit formula
- Maintenance Margin Formula for Stocks
- Sample Standard Deviation (formula)
- Bank Discount Basis Formula
- Earnings Multiplier Model (P/E Calculation via dividend payout ratio)
- Relative Yield Spread formula
People seem to use search engines to look up formula they have forgotten. However, the two most popular flashcards are not formula, obviously Portfolio Theory is being heavily tested still and the BA II Plus is one of the official calculators, it does not have a single button for covariance, so you need to remember how to calculate it given the data you have.