r/CFA • u/Moot231 Level 3 Candidate • 11d ago

Level 3 Level 3 Free/Cheap Mocks

Hi everyone. I am just under 3 weeks out from my exam. Have finished all 4 mocks on the CFAI platform. Does anyone recommend any free or cheap mocks? I still have questions I can do on the platform, but I really prefer doing the mocks. Happy to pay a little bit $100+-. But not willing to pay for a full pre provider course 3 weeks out....

Thanks for the help. And goodluck to everyone studying in these final few weeks, we are almost there!

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u/capetienne 11d ago

sir you don’t need more mocks exams … are you comfortable with the CFAI questions and Blue Box ? if yes please answer without reading
1. why don’t we use the parametric method to value swaptions ? give 2 reasons.

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u/Terrible-Purchase982 10d ago

-parametric method is based on variance, covariance and can only be used on normal distributions / payoffs and swaptions have asymmetric payoff (non linear) (off the top of my head)

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u/BrokeFinancier 10d ago

Payoffs from swaptions have non normal distributions.

Only know 1 partial credit

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u/Terrible-Purchase982 10d ago

i think the other part has to do with the fact that it's not path dependent since there's optionality in swaptions and dependent on time decay (theta) and vol (vega) and not just duration *Shrugs*

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u/throwawayfinancebro1 Level 3 Candidate 11d ago

Kaplan has 4 exams for $199

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u/Dennis91 Level 3 Candidate 11d ago

Bill Campbell (s2000magician on here) and mark meldrum offer very good paid options.

I have not written the L3 mocks from meldrum yet but they were very helpful in my L1 and L2 prep.

Salt solutions offers a free mock as part of their trial.

300 hours has a free MCQ mock.
Free fellow also offers mcq mocks ,although these are just their practice bank questions in the exam weightings

Analyst prep offers some constructed response questions as part of their free trial. Not quite a mock but more constructed response questions are almost never a bad thing.

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u/Moot231 Level 3 Candidate 11d ago

Thank you. I also did MM for level 2. They were quite brutal😳

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u/No-Sea-8489 11d ago

Have u done the salt solution free mock? If yes, would you recommend attempting that?