One method of expressing yield (annualised), assuming compound interest.
Effective Annual Yield = (1+HPR)365/t – 1
Similar to: Effective annual rate
Compare: Bank Discount Yield, Holding Period Yield, Money Market Yield, Bond Equivalent Yield
One method of expressing yield (annualised), assuming compound interest.
Effective Annual Yield = (1+HPR)365/t – 1
Similar to: Effective annual rate
Compare: Bank Discount Yield, Holding Period Yield, Money Market Yield, Bond Equivalent Yield
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Many years ago, I was exactly where you are today—a CFA Level I candidate juggling a demanding full-time career with the daunting CFA curriculum. Coming from a Computer Engineering background, finance was entirely new territory for me. And yes, it was tough!
I struggled with dense textbooks, late-night cramming, and the frustration of concepts that seemed impossible after a long workday. But after passing Level I (barely), I realized something had to change.
Using the Pareto Principle (80/20 rule), I distilled the vast CFA syllabus into essential, easy-to-understand nuggets. I leaned into visual summaries and bite-sized learning sessions that worked around my busy schedule. This smarter approach helped me clear Levels II and III on my first attempts with significantly less stress.
I founded PrepNuggets to share the streamlined strategies and innovative learning methods that transformed my CFA journey. Our mission is simple: leverage technology to make CFA prep more effective, accessible, and enjoyable.
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Here’s to your CFA journey!
Keith Tan, CFA
Founder & Chief Instructor, PrepNuggets
