An interest rate swaption is an option on an underlying interest rate swap and it can be used to remove an embedded call option on a bond or to create one synthetically. 

Tips, tricks, and wisdom for how to make the last week of CFA studying effective.

Identifying factors affecting a foundation or endowments willingness or ability to take risk is a key skill for the CFA Level 3 exam. 

Time management is the achilles heel of many a CFA Level 3 Candidate. Here's how to tactically nail this part of the exam prep. 

Value at Risk (VaR) is the most tested portfolio risk measurement on the CFA Level 3 exam. Here's what it is, how to interpret it, and how to discuss and overcome its limitations. 

Adjusting a portfolio's exposure between bonds and equities is a vital CFA Level 3 calculation question. This post runs through exactly how to solve this type of problem. 

Adjusting portfolio beta to modify equity exposure is a key testable concept and calculation for the CFA Level 3 exam. Here's what you need to know. 

Adjusting portfolio duration is a key testable concept and calculation for the CFA Level 3 exam. Here's what you need to know.