Just finished the 2nd sample exam.
Scored a 42/60 for a 70% on the dot. I'll do a breakdown later, for some reason this sample didn't have the questions in order, fixed income questions were first, Ethics was in the middle.
This one was tougher than the first one as my score indicates as a lot of topics I need to review again were tested this time. I was able to finish my first pass through in an hour and used the last 30 minutes to review my answers and answer any unanswered questions. I think the approach I mentioned in the previous post works. If you don't know an answer, skip the question and come back to it. I found that on my 2nd pass through the test, my confidence was higher and the juices were flowing a bit more which made it easier to answer the question the 2nd time around. Once I go thru a full 120 question mock I'll see if I can apply this method as well.
Here's the list of topics I need to review again.
- Relaxing of CAPM assumptions
- Time Weighted and Money Weighted Rates of Return
- Random Sampling
- Economic Profit vs Accounting Profit
- WACSO, Stock Div's, Stock Splits - I don't know why, but this ALWAYS gives me trouble. Need lots of practice on this topic, these are easy points.
- % of Completion vs Completed Contract - Again, easy points but I'm forgetting the formulas for this.
- NPV profiles - I figured out a question on this but had to really think it thru.
- Forecasting
- CAPM vs Bond Yield for Cost of Equity
Some of these I got questions wrong on, but even in cases where I got
the answers right I'd still like to strengthen my understanding. I'd like to really answer the theory questions fast so I can use the extra time on the time burning ones that require calculations.
Another interesting note is that I didn't use the calculator as much as I thought I would.
Overall I'm pleased with the results of the 2 sample exams so far. I passed both which is the only thing that matters and it's encouraging to see that I'm retaining more knowledge than I thought I would, plus I'm able to figure out answers on questions I'm unsure about by intelligently guessing. Made a few dumb mistakes on this exam but those were balanced out by the questions I got right by intelligently guessing.
I still need to review certain pieces of the curriculum but with 2 weeks left I'm feeling good.
Scored a 42/60 for a 70% on the dot. I'll do a breakdown later, for some reason this sample didn't have the questions in order, fixed income questions were first, Ethics was in the middle.
This one was tougher than the first one as my score indicates as a lot of topics I need to review again were tested this time. I was able to finish my first pass through in an hour and used the last 30 minutes to review my answers and answer any unanswered questions. I think the approach I mentioned in the previous post works. If you don't know an answer, skip the question and come back to it. I found that on my 2nd pass through the test, my confidence was higher and the juices were flowing a bit more which made it easier to answer the question the 2nd time around. Once I go thru a full 120 question mock I'll see if I can apply this method as well.
Here's the list of topics I need to review again.
- Relaxing of CAPM assumptions
- Time Weighted and Money Weighted Rates of Return
- Random Sampling
- Economic Profit vs Accounting Profit
- WACSO, Stock Div's, Stock Splits - I don't know why, but this ALWAYS gives me trouble. Need lots of practice on this topic, these are easy points.
- % of Completion vs Completed Contract - Again, easy points but I'm forgetting the formulas for this.
- NPV profiles - I figured out a question on this but had to really think it thru.
- Forecasting
- CAPM vs Bond Yield for Cost of Equity
Some of these I got questions wrong on, but even in cases where I got
the answers right I'd still like to strengthen my understanding. I'd like to really answer the theory questions fast so I can use the extra time on the time burning ones that require calculations.
Another interesting note is that I didn't use the calculator as much as I thought I would.
Overall I'm pleased with the results of the 2 sample exams so far. I passed both which is the only thing that matters and it's encouraging to see that I'm retaining more knowledge than I thought I would, plus I'm able to figure out answers on questions I'm unsure about by intelligently guessing. Made a few dumb mistakes on this exam but those were balanced out by the questions I got right by intelligently guessing.
I still need to review certain pieces of the curriculum but with 2 weeks left I'm feeling good.
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