Guys I have my L2 exam tomorrow I just wanted to ask that in schweser , many questions feels like just a bit difficult version of L1 topics. So the ones who have taken the exam , if you would have to rate how much overlapping of L1 was over L2 , what would you estimate?
Edit: I want to know do they test L1 concepts in L2
what if the share price declines by 20 percent , the convertible bond does have a floor of straight value , so if that happens wont the gain be more as he's short on shares
is there any video i should watch to revise?
Here when surprise change is given then why is answer the intercept??
The answer described is correct but doesn’t RMRF risk shows systematic risk and more the diversification less the systematic risk and less the rmrf risk so why can’t we say answer is Z