Tough questions and easy questions on the CFA level one, level two, exams.

1. Morning session: 120 questions for 180 minutes. 1.5 mins per question. Ten topics: you may go back and forth among the chapters. Afternoon session: 120 questions for 180 minutes. 1.5 mins per question. Ten topics: you may go back and forth among the chapters. But you cannot go back to the morning session. Lunch break Check in at 8am CFA Exam: day’s schedule Free merienda by CFA Society MULTIPLE CHOICE FOR LEVELS ONE & TWO. Some M-C & some ESSAY FOR LEVEL THREE.

2. 60 questions 60 questions 60 questions 60 questions Tough Easy Nice to know Need to know Of course, you should Try to get 240 right. But if you only get 120 right, you could still survive. Passing is 60% of the scores of the top 5% The exam is fair. Not all questions are tough. Some questions are easy, very basic, and can be answered in ten seconds. Why so

3. 60 questions = get 30 60 questions = get 30 60 questions = get 50 60 questions = get 50 Tough Easy Nice to know Need to know Let’s say that Your raw score is 100 + 60 = 160 BUT IF: The top 5% candidates score about 200 each ? Then: 200 x 60% = 120 correct answers may well yield a PASSING grade.

4. 60 questions 60 questions 60 questions 60 questions Tough Easy Nice to know Need to know Securities markets Some of the easy questions are: What’s the name of the main index for ABC stock exchange? The tough questions could be, what’s the value of this company, given this data? Equity valuation

5. Those who study 200 hours 200 400 600 Those who study 400 hours Those who study 600 hours How many PASS. Depends how much they study

6. Those who study 200 hours 200 400 600 Those who study 400 hours Those who study 600 hours How many PASS. Depends how much they study PASSERS PASSERS PASSERS