CA Final SFM May 11 Solution with Ideal presentation ( By CA Tarun Mahajan Sir)

Click here for CA Final SFM May 11 Solution with Ideal presentation.
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CFA Exam Topic Area Weights

Topic Area	Level I	Level II	Level III
Ethical and Professional Standards (total)	15	10	10
Investment Tools (total)	50	30-60	0
Corporate Finance	8	5-15	0
Economics	10	5-10	0
Financial Reporting and Analysis	20	15-25	0
Quantitative Methods	12	5-10	0
Asset Classes (total)	30	35-75	35-45
Alternative Investments	3	5-15	5-15
Derivatives	5	5-15	5-15
Equity Investments	10	20-30	5-15
Fixed Income	12	5-15	10-20
Portfolio Management and Wealth Planning (total)	5	5-15	45-55
Total	100	100	100

ICAI Introduces New Answer Sheets

For the past 6 Decades, The Chartered Accountancy exam have been one of the most toughest exams in the country, and one of the most prestigious too. To ensure that unethical practices are not employed in the Examination hall, ICAI has introduced New Answer Sheets.

Moreover, it has also been observed that there have been many changes in the Marks of Students which have come to light only after Revaluation. So as to ensure that correct marks are awarded to the Students at the first instance itself, ICAI has started the process of Computerisation wherein both the Roll No. as well as the Marks Awarded to that Roll No. would be read by Machines using OMR. This would ensure greater compliance and lesser errors.

A Specimen Copy of the same has been enclosed for your reference. You are requested to go through the same so that you don’t get puzzled in the same during the exam time.

Highlights of the New Answer Sheets are discussed below:-

1. Bar Code Sticker

A Bar Code Sticker for every paper would be available in the Attendance Sheet, against the Roll No. And Name of the Student. The Student is advised to remove that Sticker from the Attendance Sheet and affix it on the Answer Sheet in the Space Provided.

2. Encircling the Roll No.

The Student would be required to ‘Write as well as Encircle’ his Roll No. in the Answer Book. Students are advised to do the same before he begins to start answering the Paper.

3. Total Marks Awarded (For Examiner’s Use Only)

So as to ensure that correct marks are awarded to the Student, the Examiner is advised to “Write as well as Encircle” the Marks awarded to every student. This would ensure that the Answer Sheets are automatically read by Machines and correct marks are awarded for every Roll No.

You are requested to share this piece of Info. with everyone so that Students don’t get confused on seeing the New Sets of Answer Sheets in the Exam Hall.

Cancellation of HINDI MEDIUM Paper-3 of PCE and Paper-2 of IPCE

5th May, 2011
IMPORTANT ANNOUNCEMENT

CANCELLATION OF EXAMINATION OF GROUP-I, PAPER-3, LAW, ETHICS AND COMMUNICATION OF PROFESSIONAL COMPETENCE EXAMINATION AND GROUP-I, PAPER - 2, BUSINESS LAWS, ETHICS AND COMMUNICATIONS OF INTEGRATED PROFESSIONAL COMPETENCE EXAMINATION HELD ON 5TH MAY - 2011 IN RESPECT OF CANDIDATES WHO HAD OPTED FOR HINDI MEDIUM

It is hereby informed that due to unavoidable reasons the examination of Group – 1, Paper - 3 – Law, Ethics and Communication of Professional Competence Examination and Group – 1, Paper - 2 - Business Laws, Ethics and Communications of Integrated Professional Competence Examination held on 5th May-2011 in respect of candidates who had opted for Hindi medium stands cancelled. The said examination for the candidates who had opted for Hindi medium will now be held again on 17th May - 2011 (Tuesday) from 2.00 PM to 5.00 PM. The venues of the examinations will remain unchanged. Admit Cards already issued would remain valid.

(G. Somasekhar)
Additional Secretary (Examinations)

ARBITRAGE OPPORTUNITY @ OPTIONS OF IFCI LTD.

Looking to the chart below it can be conclude  that if we do following thing then there is an  arbitrage oppotunity of around Rs. 3,000/- Buy one Call of Rs. 47.50 @ Rs. 3.40 Buy one Put of Rs. 47.50 @ Rs. 0.85 Sell one Call of Rs. 55.00 @ Rs. 0.40 Sell one Put of Rs. 55.00 @ Rs. 4.95 Now If we make the payoff table it will  give initial inflow of Rs. 1.10/- and the  lot size is 4000.then it means an inflow of Rs. 4,400/- however brokerage for execution of this 4 contract will be  60*4=240/- and on automatic cancellation  on Due Date will be 15*4=60/- i.e. total brokerage is 300/- whereas other expenses to the tune of Rs. 100/-.  Now the margin for this transaction will be Rs. 38,400/- (3.40+.85+.4+4.95=9.6*4000) Taking the rate of interest on borrowed  fund at its highest rate of borrowing @ 3% p.m. then maximum interest is around Rs. 1000/-. So What are we waiting for. Leave comment or query, if any.   Home > F&O > Option Chain > Strike Price

IFCI Underlying Value As on 06-MAY-2011 09:45:12 Hours IST : 49.60    Futures contracts    Expiry Dates : 26MAY2011 |  30JUN2011 |  28JUL2011 |  REFRESH PAGE For an underlying :     Calls Puts Quote Open Interest Change in Open Interest LTP Net Change Volume Bid Qty Bid Price Offer Price Offer Qty Strike Price Bid Qty Bid Price Offer Price Offer Qty Volume Net Change LTP Open Interest Change in Open Interest Quote Quote - - - - - - - - -  40.00  28,000 0.05 0.20 12,000 - - - - - Quote Quote - - - - - - - - -  42.50  4,000 0.05 0.20 16,000 - - 0.20 12,000 - Quote Quote - - - - - - - - -  45.00  64,000 0.30 0.40 60,000 14 -0.10 0.35 280,000 4,000 Quote Quote 28,000 - 2.85 0.15 1 20,000 2.70 3.40 12,000  47.50  40,000 0.75 0.85 12,000 7 -0.25 0.80 712,000 - Quote Quote 2,756,000 64,000 1.55 0.25 131 28,000 1.50 1.55 16,000  50.00  4,000 1.70 1.80 4,000 19 -0.30 1.80 1,188,000 -20,000 Quote Quote 3,308,000 - 0.75 0.15 47 132,000 0.70 0.75 68,000  52.50  20,000 2.95 3.80 4,000 1 -0.75 3.10 600,000 - Quote Quote 9,436,000 44,000 0.40 0.10 106 428,000 0.35 0.40 416,000  55.00  4,000 4.95 5.95 20,000 - - 6.25 848,000 - Quote Quote 1,400,000 - 0.20 0.05 23 4,000 0.20 0.25 352,000  57.50  4,000 7.70 11.90 20,000 - - 7.50 20,000 - Quote Quote 4,436,000 16,000 0.15 - 12 1,348,000 0.10 0.15 160,000  60.00  20,000 10.10 12.55 20,000 - - 8.40 328,000 - Quote Quote 156,000 - 0.10 - - 20,000 0.05 0.15 100,000  62.50  - - - - - - - - - Quote Quote 336,000 - 0.05 - - 104,000 0.05 0.10 180,000  65.00  52,000 11.05 20.00 4,000 - - 12.00 36,000 - Quote Quote 100,000 - 0.10 - - 32,000 0.05 0.10 64,000  70.00  4,000 16.00 25.00 4,000 - - 16.10 4,000 - Quote Quote - - 0.15 - - - - 0.10 64,000  75.00  - - - - - - - - - Quote Quote 4,000 - 0.05 - - - - 0.10 64,000  80.00  - - - - - - - - - Quote Top FURTHER I WOULD RECOMMEND A BUY IN THE STOCK BECAUSE ITS TRADING ON ITSBOOK VALUE TODAY AND IT HAS A GOOD P/E RATIO OF AROUND 5.25. I HAVE FURTHER  ANALYSED THAT IN CASE OF INTRA DAY TRADING IF BOUGHT @ CURRENTPRICE OF Rs. 49.60. IT WILL END UP TO Rs. 51.00 TO 52.50 UP TO THE CLOSURE OF THE EXCHANGE i.e. A REVENUE OF AROUNDRs. 1.50 PER SHARE CAN BE DONE WHICH IS AROUND 3% OF THE TRANSACTION.CLICK HERE TO VIEW REAL TIME CHARTTHE ABOVE ALL ARBITRAGE OPPORTUNITY IS BECAUSE OF UNDERVALUATION OF OPTION AT LOWER STRIKE PRICE AND OVER VALUATION OF OPTION AT HIGHER STRIKE PRICE.ANNUAL VOLATALITY OF IFCI IS AROUND 40% AS PER NIFTY.