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All posts for the day September 29th, 2013

Level I – General

Posted by Bill Campbell III, CFA on September 29, 2013
Posted in: Free.

Here are some articles on the Level I exam in general.  If you’d like to see more general articles on the Level I exam (e.g., test-taking strategy), just ask.

CAL vs. CML vs. SML

Posted by Bill Campbell III, CFA on September 29, 2013
Posted in: Level I Portfolio Management.

The Capital Allocation Line (CAL), Capital Market Line (CML), and Security Market Line (SML) can be confused easily, and for good reason: the graphs look virtually identical, the assumptions under which they are constructed are essentially the same, and their implications are similar.  We’ll characterize each one and try to eliminate the confusion. The assumptions […]

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