I am so tired of getting questions wrong simply because I fail to read the question correctly. I could attribute by 30 -50% of all my missed answers to some sort of misunderstanding.
RFTQ x 1000
RTFQ---- I keep doing this…
Same here, I’m also getting tired of getting a question wrong because I performed some side calculation when the data was already presented in the item set.
I found myself looking at a derivatives question in the Schweser mock, and then back at the vignette. I was scanning the vignette looking for a RFR for about five minutes - I was cursing Schweser at this stage. Then I looked back at the question which was quoting the RFR.
Same thing happened to me on Schweser Morning 1 of Vol 2. Delta was given , so # of call options was an easy one step. I started fishing around for C+ , C- etc to calculate n ( hedge ratio ) .
bump
These are awesome… timeless advice…
most likely … least likely
Well if getting the answere seem too time consuming then you are missing something and doing something wrong. And every thing given in the case probably has to be used somewhere.
Sounds like the advice I give my students. I tend to give a lot of CFA-type questions on my exams - not really difficult, but with a few curves thrown in. So a lot of them get RTFQ (I tell them it stands for "Read the FULL question) written in red ink on a lot of their mistakes.
One of my undergrads heard it so much that he gave me a present upon graduation - a rubber stamp with RTFQ on it. It’s one of my most prized possessions