Contents 10 11 12 Kaplan Schweser’s Path to Success Welcome to the 2020 SchweserNotes™ Learning Outcome Statements (LOS) Reading 1: Ethics and Trust in the Investment Profession Exam Focus Module 1.1: Ethics and Trust Key Concepts Answer Key for Module Quiz Reading 2: Code of Ethics and Standards of Professional Conduct Exam Focus Module 2.1: Code and Standards Answer Key for Module Quiz Reading 3: Guidance for Standards I–VII Exam Focus Module 3.1: Guidance for Standards I(A) and I(B) Module 3.2: Guidance for Standards I(C) and I(D) Module 3.3: Guidance for Standard II Module 3.4: Guidance for Standards III(A) and III(B) Module 3.5: Guidance for Standards III(C), III(D), and III(E) Module 3.6: Guidance for Standard IV Module 3.7: Guidance for Standard V Module 3.8: Guidance for Standard VI 10 Module 3.9: Guidance for Standard VII 11 Answer Key for Module Quizzes Reading 4: Introduction to the Global Investment Performance Standards (GIPS®) Exam Focus Module 4.1: Introduction to GIPS Key Concepts Answer Key for Module Quiz Reading 5: Global Investment Performance Standards (GIPS®) Module 5.1: The GIPS Standards Key Concepts Answer Key for Module Quiz Topic Assessment: Ethical and Professional Standards Topic Assessment Answers: Ethical and Professional Standards Reading 6: The Time Value of Money Exam Focus Module 6.1: EAY and Compounding Frequency Module 6.2: Calculating PV and FV Module 6.3: Uneven Cash Flows Key Concepts Answer Key for Module Quizzes Reading 7: Statistical Concepts and Market Returns Exam Focus Module 7.1: Describing Data Sets Module 7.2: Means and Variance Module 7.3: Skew and Kurtosis 13 14 15 16 17 18 19 20 21 Key Concepts Answer Key for Module Quizzes Reading 8: Probability Concepts Exam Focus Module 8.1: Conditional and Joint Probabilities Module 8.2: Conditional Expectations, Correlation Module 8.3: Portfolio Variance, Bayes, and Counting Problems Key Concepts Answer Key for Module Quizzes Reading 9: Common Probability Distributions Exam Focus Module 9.1: Uniform and Binomial Distributions Module 9.2: Normal Distributions Module 9.3: Lognormal Distribution, Simulations Key Concepts Answer Key for Module Quizzes Reading 10: Sampling and Estimation Exam Focus Module 10.1: Central Limit Theorem and Standard Error Module 10.2: Confidence Intervals and t-Distribution Key Concepts Answer Key for Module Quizzes Reading 11: Hypothesis Testing Exam Focus Module 11.1: Hypothesis Tests and Types of Errors Module 11.2: Tests of Means and p-Values Module 11.3: Mean Differences, Difference in Means Key Concepts Answer Key for Module Quizzes Topic Assessment: Quantitative Methods Topic Assessment Answers: Quantitative Methods Formulas Appendices Copyright List of Pages 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 ix x xi xii xiii xiv 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 48 49 50 51 52 53 54 55 56 57 58 59 60 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studies Our products are designed to be an integrated study solution across print and digital media to provide you the best learning experience, whether you are studying with a physical book, online, or on your mobile device Our core product, the SchweserNotes™, addresses all of the Topics, Study Sessions, Readings, and LOS in the CFA curriculum Each reading in the SchweserNotes has been broken into smaller, bite-sized modules with Module Quizzes interspersed throughout to help you continually assess your comprehension Topic Assessments appear at the end of each Topic to help you assess your knowledge of the material before you move on to the next section All purchasers of the SchweserNotes receive online access to the Kaplan Schweser online platform (our learning management system or LMS) at www.Schweser.com In the LMS, you will see a dashboard that tracks your overall progress and performance and also includes an Activity Feed, which provides structure and organization to the tasks required to prepare for the CFA exam You also have access to the SchweserNotes, Module Quizzes, and Topic Assessments content as well as the Video Lectures (if purchased), which contain a short video that complements each module in the SchweserNotes Look for the icons indicating where video content, Module Quizzes, and Topic Assessments are available online I strongly encourage you to enter your Module Quiz and Topic Assessment answers online and use the dashboard to track your progress and stay motivated Again, thank you for trusting Kaplan Schweser with your CFA exam preparation We’re here to help you throughout your journey to become a CFA charterholder Regards, Derek Burkett, CFA, FRM, CAIA Vice President (Advanced Designations) Contact us for questions about your study package, upgrading your package, purchasing additional study materials, or for additional information: ... 12 9 13 0 13 1 13 2 13 3 13 4 13 5 13 6 13 7 13 8 13 9 14 0 14 1 14 2 14 3 14 4 14 5 14 6 14 7 14 8 14 9 95 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