# FAQ

- Course structure labelling change - CFA 2023 syllabus
- Joining a Zoom training session
- Can you please explain why key rate duration may be negative?
- How do you calculate Fixed Capital Investment using gross assets instead of net book value?
- Do we need to add back preference dividends when calculating FCFF?
- How we calculate fixed capital investment when there is an asset disposal?
- How do we know when to use the highest Sharpe ratio portfolio?
- Can you explain the difference between US GAAP and IFRS in the calculation of the interest cost of a defined benefit pension plan?
- Why does higher economic growth lead to a higher interest rate?
- What is the p value and how do we calculate it?
- Can you explain the significance of capital mobility in the Mundell-Fleming model
- If a venture capitalist currently has 30% equity and then in a second round of financing they receive a further 10%, why is the new total holding not just 40%?
- How does the sustainability of external debt impact the currency?
- Why do we use logs in a time series model?
- Can you explain who to structure an arbitrage trade for FX?
- Does higher saving lead to higher growth in the neoclassical growth theory?
- Can you explain the accounting for deferred a tax assets and deferred tax liabilities?
- What are the main differences between the main theories of growth?
- How do I calculate FX cross-rates?
- What is the difference between leveraged and unleveraged beta? How are each calculated?
- What is the difference between a Critical value and a Test statistic and between a Z-score and a T-statistic?
- How do I calculate the Effective Annual Yield (EAY) Bond Equivalent Yield (BEY)?
- What is the difference between the CML vs SML?
- What are the main differences between accounting for operating and capital leases?
- What is the difference between FCFF vs FCFE? How are each calculated?
- What is the difference between Basic vs Diluted EPS? How is it calculated?
- Why under interest rate parity does the country with the higher interest rate trade at a discount?
- What is the intuition behind an increase in interest rate leads to a decrease in duration?
- Why would an increase in the cost of carry, reduce the value of a put?
- I am trying to use my calculator to compute the PV of bond. When I plug 2nd FV into my calculator, it gives me '0' and does not give me the option to put in all the values such as 'N', 'I/Y' etc. Is there something wrong with the way I've set it?