June 5th, 2005, 9:57 am
Backed up for a second go at Level II todayIt was hard to tell whether it will be any better to pass this time around .. doing both sessions as MC seemed to help manage the time better, but there wee only a couple of questions which necessitated an outright guess .. you'd be impressed that CFAI are adding marginally more complexity with the derivative questions .. don't laugh though, but you still see candidates get whiteknuckled about put-call parity .. to be fair, I can't stand the accounting crap (hence last year's debacle)The one thing that CFAI like to do a lot now is this double whammy, test whether multiple combinations of statements are correct or not .. there are still the old favourite double negative questions (which statements are least likely..), which nearly caught me on one question.Overall I thought the exam was reasonably fair, made a better fist of it than last year, but who knows whether it's sufficient to pass