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Day: September 29, 2013
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Level I – Ethics
Here are some articles on Level I Ethics. If you’d like to see more articles on Level I Ethics, just ask. [menu name = “Level I Ethics Articles”]
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Level I – General
Here are some articles on the Level I exam in general. If you’d like to see more general articles on the Level I exam (e.g., test-taking strategy), just ask. [menu name = “Level I General Articles”]
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CAL vs. CML vs. SML
The Capital Allocation Line (CAL), Capital Market Line (CML), and Security Market Line (SML) can be confused easily, and for good reason: the graphs look virtually identical, the assumptions under which they are constructed are essentially the same, and their implications are similar. We’ll characterize each one and try to eliminate the confusion. The assumptions…