Month: January 2012

CFA Level 1 Review: Quantitative Finance, Time Value of Money.
In this post, I will present a summary of the quantitative finance part of the CFA Level 1 exam. The time value of money is a trivial concept in Finance, which can be summarized as “one dollar today is better than one dollar tomorrow“, because of the riskfree interest rate \(r\). The following formulas allow…

A new challenge has entered the ring!
My first social life in the first 6 months of year 2012 has been compromised by a new challenge I decided to take on this year, the Chartered Financial Analyst (CFA) curriculum. The CFA program is divided in 3 exams denoted Level I, II and III. The candidate gets the CFA designation upon completing the…