Embedded Options It is common to grant issuers and bondholders an option to take an action against the other party regarding the owed money, either with the principal or the coupons. Such options have a significant effect on the behaviour of the bond price because of the potential modification of the cash flows that the action may cause. Although not explicitly priced in the market, the options carry implicit economic value and are reflected in the prices of the bonds. These options are known as embedded options.

ristine gladly informs all the candidates and prospective candidates of CFA program that the Delhi High Court has given provisional permission to conduct all the exams of CFA Institute (USA) on June 6, 2010 in India. However, this permission is provisional which implies that the court could reverse its decision which could lead to the following three options for the registered candidates:
1. Receive a refund of applicable CFA Program fees
2. Defer registration to a future date for a centre outside of India
3. Request a test center outside of India for the June 2010 CFA exam
All the registered candidates from India can choose their test center from the following five centers in India-
1. Bangalore
2. Chennai
3. Mumbai
4. New Delhi
5. Kolkata
To change your center: Click: https://www.cfainstitute.org/finsecustomer_enu/start.swe > Customer Service> New Query.

There is no secret formula that can help you navigate through the CFA program and pass the test, but an organized, disciplined approach will help you pass each level of the program and ultimately achieve your goal.
Don’t waste time, get going: The CFA Institute prescribes that at least 250 hours of independent study is necessary to pass each exam. Here is what they say : ” … a minimum of 15-20 hours per week for 18 weeks to studying the assigned readings. Allow a minimum of one week for each study session spread over several days, with completion scheduled for at least 30-45 days prior to the exam. This schedule will allow you to spend the final four to six weeks before the exam reviewing the assigned material and taking multiple online sample exams. Successful candidates report spending an average of about 300 hours reading and studying the curriculum, plus 4-6 weeks reviewing and taking online sample and mock exams.”

Pristine – Authorized PRM® Course Provider in India Pristine is the leader in Risk Management Training and is the only provider of training for PRM® in India, which is one of the most prestigious Risk Management Certifications in the world. To view more details on Authorized Course Providers, click here. About PRM Professional and international [...]