BSAS mock exam: post your scores here

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clama

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Young prof ... bravo ... you're on your way to the big "PASS".

I have some serious work to do. Scored 60% in the AM and I'm still going through the PM but it's got to be worst 'cause I ran out of time and thought it was a b!tch. Got some serious work to do over the next three wks. I'm glad I took this test though ...
 
young prof- i think their 84 answer is right... why you have to be a hater for one of the few i actually got right? : ) you get p2 and you have to discount back 2 periods to get p0.

# 6 afternoon is wrong on ethics, should be B not C, no? I will take every point I can get!
CFA can't be used as a noun- that is answer B not C.

one word for you all- homoskedasticity.
 
homoskedasticity .... ohhhhh, I remember that one...
 
Sat in London yesterday .. time was tight but not a huge problem, did really badly in Econ dragging me down to a 56% in the AM. Wasn't suprised.

PM session was a lot more dificult. The majority of poeple sitting the paper left by half time.

FSA seemed ok - given time I could have worked through and scored ok. AM was focused on Fin Statements, LIFO FIFO etc, PM focused on Leases and DTL

Need to work on geting the mix between calculating he exact answer (which takes time) and having a feel for the answer given the info in the quesition. Guess thats exam technique.

This has def given the the motivation (or kick) to really get down to some work. I highly recommend taking this to identify weak points. 3 weeks to go ... excited
 
can this BSAS exam(s) be taken online?
I am located in Asia
Whats the cost?How many Exams are there?

and is it downloadable like schweser Q bank?or CFA online?
regards
Nitya
 
When I took it (in Europe last week) we had one morning session and one afternoon session- all on paper. 2 x 3 hrs with a lunch break in between. We were given the answers and explanations straight after each exam. My local CFA society arranged it.
 
I've reviewed the test and i think here's my least favorite q on the whole test- # 76 afternoon-

An analyst estimates that a project requires $29k initial investment and working capital of $4k at startup. In return, the project is expected to generate after-tax cash flow of $10k/year for 4 years. If the project has no salvage value at the end of the project and the firm's hurdle rate is 10%, the project's NPV is closest to:

A. -1431
B. -1301
C. 1301
D. 1431

I hate it because I fell into the trap and went straight to my CF keys on the calculator. Darn you hard test, darn you!
 
B. -1301


NPV=-33K+PV/1.10
where PV=31,698(FV=0,N=4,PMT=10K,CPT->PV=?)
 
Post some more Qs from BSAS
need to see few Qs other than schweser:)
thanks
 
nope

investment upfront is $33k.

PV of the cash flows
PMT = 10k
N = 4
I = 10
FV = 0
PV = 31,698.6545

pv of the working capital-
FV = 4k
PMT = 0
N = 4
I = 10
PV = 2732

So, you invest 31k but your PV of your cash flows and working capital is 31,698.65 + 2,732 = 34,430.65

take that minus the 33k = 1430.65... answer is D.
yes, this whole exam was like this.
 
bannisja Wrote:
-------------------------------------------------------
> nope
>
> investment upfront is $33k.
>
> PV of the cash flows
> PMT = 10k
> N = 4
> I = 10
> FV = 0
> PV = 31,698.6545
>
> pv of the working capital-
> FV = 4k
> PMT = 0
> N = 4
> I = 10
> PV = 2732
>
> So, you invest 31k but your PV of your cash flows
> and working capital is 31,698.65 + 2,732 =
> 34,430.65
>
> take that minus the 33k = 1430.65... answer is D.
> yes, this whole exam was like this.

Doesn't the question mention that 4k is invested upfront too? So why are we finding the PV of something that was invested "upfront"??
 
Hmmm. Living in Pittsburgh can have its disadvantages (other than the winter-snow of course).
Is there a place where I can buy it?
 
Thanks ALL for the good words and encouragement. I think all the folks spending time on here will be fine come exam day.

bannisja Wrote:
-------------------------------------------------------
> young prof- i think their 84 answer is right...
> why you have to be a hater for one of the few i
> actually got right? : ) you get p2 and you have
> to discount back 2 periods to get p0.

Maybe I'm still hazy on these kind of problems. The dividend they give is for period 2, and the answer explains that you have to discount it two periods. If it was a p1 dividend (D1), the formula would be

D1/(r-g)

correct?

According to the logic of discounting a p2 dividend by two periods, wouldn't the p1 dividend formula then be

[D1/(r-g)]/(1+r)

?



Edited 1 time(s). Last edit at Monday, May 14, 2007 at 10:25AM by Young_Prof.
 
That problem also threw me off because it offers a growth rate of 22%, but you end up having to calculate another growth rate using plowback*ROE.

I don't understand why the "growth rate" that they offer is not usuable?
 
on the Cashflow Q: TI CALC

CF0- -33000
CFO1 10000
CFO2 10000
CFO3 10000
CFO4 14000
I-10
NPV =1430

Don't forget to include Working Capital in CFO4
 
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