CFA Level I: Hedge Fund Fee Structures
Hedge fund fees are commonly quoted with “x and xx” structure, like “2 and 20.” This would refer to a …
CFA level 1
CFA Level I: Share Repurchases
When a company buys back its own shares with corporate cash, this is a share repurchase. Repurchased shares become treasury …
CFA Level I: Price Indices
Time April 2010 June 2010 Goods Quantity Price Quantity Price Apples C1’ P1’ C1” P1” Corn C2’ P2’ C2” P2” …
CFA Level I: Foreign Exchange Topics: Real Rates, Cross-Rates and Arbitrage
Currency Exchange Calculations The Foreign Exchange market is one of the largest in the world. Foreign currencies are bought and …