Solid video. For the 3 countries example, other prep providers are recommending that you justify why it is not countries B and C, and why it is country A
This is incorrect advice unfortunately. Some prep providers are making this recommendation based on their internal logic, but they never took the CFA exams themselves. I hope you succeed on your exam, please don't follow that advice. If you find yourself needing to retake Level 3 for whatever reason, consider letting Chalk & Board help you pass next time with proper guidance.
VERY HELPFUL! .so if the table has 3 portfolios and you re asked to justify which portfolio would immunize the liability better . the answer wouldnt be :(A)because MVA=PVL and the other to disqualified. It would be (A) MVA=PVL because it would immunize better the liability because it would better match the size of the liabilities to be hedged.? Ive seen provider mocks in which they leave it at just MVa=PVl
You've got the right idea. When justifying, you want to write just enough to justify your answer but not more than that. And you don't want to justify your answer by explaining it's because the other two variants are wrong. That's like asking why you should invest in a stock and having the analyst tell you that you should invest in a stock because two other stocks are wrong. It doesn't justify the stock pick, it just identifies that the analyst feels the other two stocks (that weren't asked about) are unjustified.
Solid video.
For the 3 countries example, other prep providers are recommending that you justify why it is not countries B and C, and why it is country A
This is incorrect advice unfortunately. Some prep providers are making this recommendation based on their internal logic, but they never took the CFA exams themselves. I hope you succeed on your exam, please don't follow that advice. If you find yourself needing to retake Level 3 for whatever reason, consider letting Chalk & Board help you pass next time with proper guidance.
VERY HELPFUL! .so if the table has 3 portfolios and you re asked to justify which portfolio would immunize the liability better .
the answer wouldnt be :(A)because MVA=PVL and the other to disqualified. It would be (A) MVA=PVL because it would immunize better the liability because it would better match the size of the liabilities to be hedged.?
Ive seen provider mocks in which they leave it at just MVa=PVl
You've got the right idea. When justifying, you want to write just enough to justify your answer but not more than that. And you don't want to justify your answer by explaining it's because the other two variants are wrong. That's like asking why you should invest in a stock and having the analyst tell you that you should invest in a stock because two other stocks are wrong. It doesn't justify the stock pick, it just identifies that the analyst feels the other two stocks (that weren't asked about) are unjustified.
You dont have 3 free mock exams on your website which you mentioned in the video
We do not mention 3 free mock exams in the video. We have 3 mock exams and we also have a free sample essay question available on our website.
They aren’t essays they are constructed response
It's not a square, it's a rhombus. Listen to the advice in this video or risk losing valuable points.