Level II Corporate Finance

Access to all Level II corporate finance articles until the next Level II exam date

If the Level II CFA exam were given as an oral exam, 95% of the candidates would fail. Why? Because they cannot pronounce heteroskedasticity correctly (<het-ter-row-ski-das-tis-sit-tee>, eight syllables), and they cannot pronounce Modigliani correctly (<moe-dill-yaw-nee>, four syllables).  Later in this article, we’ll hit upon another: homogeneous (<hoe-moe-gee-nee-us>, five syllables). Fortunately for most Level II candidates, […]

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