Exam (elaborations)
CFA LEVEL 1 NEW EXAM REVIEW FOR 2022 LATEST UPDATE
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Addition Rule of Probability - ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, then it becomes Sharpe Ratio Sharpe Ratio - Sharpe Ratio = (E(R) - RFR) / σ Larger ratio is bette...
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