Fixed Income · LOS 4.3.b · Medium
May 21
Yours: A
Correct: C
48s
Why I missed it: Confused duration with convexity adjustment direction under rising rates.
Ethics · LOS 1.1.a · Hard
May 20
Yours: B
Correct: A
72s
Why I missed it: Misread "reasonable basis" as a fiduciary standard instead of a research standard.
Portfolio Mgmt · LOS 1.2.c · Medium
May 19
Yours: B
Correct: C
35s
Next time: MWR ≠ TWR whenever cash flows occur — check timing of contributions first.