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Once again i won ........

CA Final 873 views 3 replies

Once again i Won................

Once again Institute made correction in another Question which was asked in CA Final May 2011 SFM Paper examination. This correction is made through RTP Nov-2014 released recently. 

In our book it is Question No - 21B of Derivative chapter.

In examination question requirement is:
"How many Index futures he should short for perfect Hedging So that the portfolio beta is reduced to 1.00". 
And all the writers of SFM books are copying the same questions except me.

My Explanation: At perfect hedging beta is equal to Zero (Not equal to 1).

I am using this concept and solving question on the basis of "Zero beta" in class.

Now Institute made correction in question and deleted the words 
"So that the portfolio beta is reduced to 1.00".

Cheers, I won again ......

Apne aap pe bharosa rakho and aage badhte raho. 
kabhi bhi bhid (Crowed) ko mat dekho. 
Koi jaruri nahi hamesa bhid hi sahi hota hai. 
Hum akele bhi sahi ho sakte hai.

I am so happy................

Replies (3)

Earlier (1 Year ago) ICAI made correction in another question of derivative chapter. Detail is as follows...

Finally Institute made correction in answer of one question of derivative through RTP Nov-2013. 

It is Question No - 20F of Derivative chapter.

Same question was asked in examination of Nov-2007 and CMA June-2009. 
In suggested answer of both institutes square off of "future Instrument" was made by taking "same future period" as original contract but it is to be "same date" "not same period". 
Finally institute made correction in answer of RTP Nov-2013. 
However we are taking "same date" "not same period" from last two years by differing from institute answer.

Cheers, we won......

Apne aap pe bharosa rakho and aage barte raho. 
kabhi bhi bhid (Crowed) ko mat dekho. 
Koi jaruri nahi hamesa bhid hi sahi hota hai. 
Hum akele bhi sahi ho sakte hai.

I am so happy................

Sir with due respect to you, but I can say that Even Dr J B Gupta sir has taken the corrections on his Own long Back, & he also had raised the same Objection telling that ICAI is wrong in Printing the Sum which you have mentioned.

Sir I have no doubts about your Knowledge of SFM & Hats Off to Both you & Dr J B Gupta sir great Professors of SFM

Sir no disrespect to you.... But CA Rajiv Singh also pointed out this mistake in his class......


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