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The nucleus

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CFA Level I
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CURRICULUM10
Alternative Investments7
Corporate Finance7
Derivatives10
Economics8
Equities12
Ethical and Professional Standards10
Financial Statement Analysis12
Fixed Income19
Portfolio Construction6
Quantitative Methods11
Time Value of Money
Self-Assessment Quiz
Subjects10
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QUANTITATIVE METHODS

Time Value of Money

Money available today is worth more than the same sum in the future, because of its earning capacity.

AI INSIGHT
The discount rate reflects the opportunity cost of capital and risk premium.
FV = PV × (1 + r)n
KEY CONCEPT
Compounding frequency matters — semi-annual beats simple annual at the same rate.
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Why does EAR differ from the stated rate?
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Mock TestsReal exam conditions
Mock 1 · Session IQuestion 1 of 902:14:52

1. Compared with a general partnership, a limited partnership is most likely to have:

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AI SummaryCA Inter · Ind AS 2 Inventories
Digest · module 2 of 7Ind AS 2

Inventory is carried at the lower of cost and net realisable value, never above what it can actually be sold for.

Key terms Cost of inventory, Net realisable value, Cost formulas

Exam trapLIFO is not permitted. Only FIFO and weighted average cost are allowed as cost formulas.
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Flashcards50 due today
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Revision SheetCAIA Level I · Private Equity
Revision · private equity4 / 37
  • Carried interest is the GP's share of profit, typically 20% above a hurdle rate.
  • Private equity buys mature firms; venture capital backs early-stage ones.
  • Clawback provisions return excess carry to LPs when the fund closes.
MnemonicWaterfalls: American = one deal At a time. European = Entire fund first.
Tick lines as they stick. The count follows you to exam day.
Mind MapAlternative Investment Features, Methods, and Structures
Alternative InvestmentCategories (PrivateCapital, Real Assets,Hedge Funds)Private CapitalReal AssetsHedge FundsInvestments in non-publicly traded companiesIncludes both equityand debtKnow these three broad bucketsbefore diving into sub-categories.
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CanvasProf. Malkan · Reading 76 · Live
PE fund structureLPsFundGPcapitalruns itpensions, endowments~10 yr lifeinvests ~1–2% tooportfolio cosfee: 2% of committedcarry: 20% over 8% hurdleProf. Malkan · R76
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