L1 Advance Reading 74 : Pricing and Valuation of Forward Contracts and for an Underlying with Varying Maturities

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CFA Advance Level 1 2027

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2026-2027 L1 Live Class Schedules

  • CFA Advance Level 1 - Nov 2026 (Sat 11 Jul 26 - 8 Nov 26) ~ 198 Hrs.pdf
  • CFA Advance Level 1 ~ Feb 2027 (Sun 4 Oct 26 - 14 Feb 27) ~ 205 Hrs.pdf
  • CFA Advance Level 1 ~ May 2027 (Sun 3 Jan 27 - 9 May 27) ~ 205 Hrs.pdf
  • CFA Advance Level 1 ~ Aug 2027 (Sun 4 Apr 27 - 15 Aug 27) ~ 205 Hrs.pdf
  • CFA Advance Level 1 ~ Nov 2027 (Sun 4 Jul 27 - 7 Nov 27) ~ 205 Hrs.pdf

L1 Advance Study Session 1 : Quantiative Methods (Reading 1-11)

  • L1 Advance Reading 4 : The Time Value of Money in Finance

L1 Advance Study Session 2 : Economics (Reading 12-19)

  • L1 Advance Reading 12 : Firms and Market Structures
  • L1 Advance Reading 13 : Understanding Business Cycles
  • L1 Advance Reading 14 : Fiscal Policy
  • L1 Advance Reading 15 : Monetary Policy
  • L1 Advance Reading 16 : Introduction to Geopolitics
  • L1 Advance Reading 17 : International Trade
  • L1 Advance Reading 18 : Capital Flows and the FX Market
  • L1 Advance Reading 19 : Exchange Rate Calculations

L1 Advance Study Session 3 : Corporate Issuers (Reading 20-26)

  • L1 Advance Reading 20 : Organizational Forms, Corporate Issuer Features, and Ownership
  • L1 Advance Reading 21 : Investors and Other Stakeholders
  • L1 Advance Reading 22 : Corporate Governance: Conflicts, Mechanisms, Risks, and Benefits
  • L1 Advance Reading 23 : Working Capital and Liquidity
  • L1 Advance Reading 24 : Capital Investments and Capital Allocations
  • L1 Advance Reading 25 : Capital Structure
  • L1 Advance Reading 26 : Business Models

L1 Advance Study Session 4 : Financial Reporting and Analysis (Reading 27-38)

  • L1 Advance Reading 27 : Introduction to Financial Statement Analysis
  • L1 Advance Reading 28 : Analyzing Income Statements
  • L1 Advance Reading 29 : Analyzing Balance Sheets
  • L1 Advance Reading 30 : Analyzing Statements of Cash Flows I
  • L1 Advance Reading 31 : Analyzing Statements of Cash Flows II
  • L1 Advance Reading 32 : Analysis of Inventories
  • L1 Advance Reading 33 : Analysis of Long-lived Assets
  • L1 Advance Reading 34 : Topics in Long-Term Liabilities and Equity
  • L1 Advance Reading 35 : Analysis of Income Taxes
  • L1 Advance Reading 36 : Financial Reporting Quality
  • L1 Advance Reading 37 : Financial Analysis Techniques
  • L1 Advance Reading 38 : Introduction to Financial Statement Modelling

L1 Advance Study Session 6 : Fixed Income (Reading 51-69)

  • L1 Advance Reading 51 : Fixed-Income Instrument Features
  • L1 Advance Reading 52 : Fixed-Income Cash Flows and Types
  • L1 Advance Reading 53 : Fixed Income Issuance and Trading
  • L1 Advance Reading 54 : Fixed-Income Markets for Corporate Issuers
  • L1 Advance Reading 55 : Fixed-Income Markets for Government Issuers
  • L1 Advance Reading 56 : Fixed-Income Bond Valuation: Prices and Yields
  • L1 Advance Reading 57 : Yield and Yield Spread Measures for Fixed-Rate Bonds
  • L1 Advance Reading 58 : Yield and Yield Spread Measures for Floating-Rate Instruments
  • L1 Advance Reading 59 : The Term Structure of Interest Rates: Spot, Par, and Forward Curves
  • L1 Advance Reading 60 : Interest Rate Risk and Return
  • L1 Advance Reading 61 : Yield-Based Bond Duration Measures and Properties
  • L1 Advance Reading 62 : Yield-Based Bond Convexity and Portfolio Properties
  • L1 Advance Reading 63 : Curve-Based and Empirical Fixed-Income Risk Measures
  • L1 Advance Reading 64 : Credit Risk
  • L1 Advance Reading 65 : Credit Analysis of Government Issuers
  • L1 Advance Reading 66 : Credit Analysis for Corporate Issuers
  • L1 Advance Reading 67 : Fixed-Income Securitization
  • L1 Advance Reading 68 : Asset-Backed Security (ABS) Instrument and Market Features
  • L1 Advance Reading 69 : Mortgage-Backed Security (MBS) Instrument and Market Features

L1 Advance Study Session 7 : Derivatives (Reading 70-79)

  • L1 Advance Reading 70 : Derivative Instruments and Derivative Features
  • L1 Advance Reading 71 : Forward Commitment and Contingent Claim Features and Instruments
  • L1 Advance Reading 72 : Derivative Benefits, Risks, and Issuer and Investor Uses
  • L1 Advance Reading 73 : Arbitrage, Replication, and the Cost of Carry in Pricing Derivatives
  • L1 Advance Reading 74 : Pricing and Valuation of Forward Contracts and for an Underlying with Varying Maturities
  • L1 Advance Reading 75 : Pricing and Valuation of Futures Contracts
  • L1 Advance Reading 76 : Pricing and Valuation of Interest Rates and Other Swaps
  • L1 Advance Reading 77 : Pricing and Valuation of Options
  • L1 Advance Reading 78 : Option Replication Using Put-Call Parity
  • L1 Advance Reading 79 : Valuing a Derivative Using a One-Period Binomial Model

L1 Advance Study Session 8 : Alternative Investment (Reading 80-86)

  • L1 Advance Reading 80 : Alternative Investment Features, Methods, and Structures
  • L1 Advance Reading 81 : Alternative Investment Performance and Returns
  • L1 Advance Reading 82 : Investments in Private Capital: Equity and Debt
  • L1 Advance Reading 83 : Real Estate and Infrastructure
  • L1 Advance Reading 84 : Natural Resources
  • L1 Advance Reading 85 : Hedge Funds
  • L1 Advance Reading 86 : Introduction to Digital Assets

L1 Advance Study Session 9 : Portfolio Management (Reading 87-92)

  • L1 Advance Reading 87 : Portfolio Risk and Return: Part 1
  • L1 Advance Reading 88 : Portfolio Risk and Return: Part 2
  • L1 Advance Reading 89 : Portfolio Management: An Overview
  • L1 Advance Reading 90 : Basics of Portfolio Planning and Construction
  • L1 Advance Reading 91 : The Behavioural Biases of Individuals
  • L1 Advance Reading 92 : Introduction to Risk Management

L1 Advance Summary

  • L1 Advance Summary Reading 12 : Firms and Market Structures
  • L1 Advance Summary Reading 13 : Understanding Business Cycles
  • L1 Advance Summary Reading 14 : Fiscal Policy
  • L1 Advance Summary Reading 15 : Monetary Policy
  • L1 Advance Summary Reading 16 : Introduction to Geopolitics
  • L1 Advance Summary Reading 17 : International Trade
  • L1 Advance Summary Reading 18 : Capital Flows and the FX Market
  • L1 Advance Summary Reading 19 : Exchange Rate Calculations
  • L1 Advance Summary Reading 20 : Organizational Forms, Corporate Issuer Features, and Ownership
  • L1 Advance Summary Reading 21 : Investors and Other Stakeholders
  • L1 Advance Summary Reading 22 : Corporate Governance: Conflicts, Mechanisms, Risks, and Benefits
  • L1 Advance Summary Reading 23 : Working Capital and Liquidity
  • L1 Advance Summary Reading 24 : Capital Investments and Capital Allocations
  • L1 Advance Summary Reading 25 : Capital Structure
  • L1 Advance Summary Reading 26 : Business Models
  • L1 Advance Summary Reading 51 : Fixed-Income Instrument Features
  • L1 Advance Summary Reading 52 : Fixed-Income Cash Flows and Types
  • L1 Advance Summary Reading 53 : Fixed Income Issuance and Trading
  • L1 Advance Summary Reading 54 : Fixed-Income Markets for Corporate Issuers
  • L1 Advance Summary Reading 55 : Fixed-Income Markets for Government Issuers
  • L1 Advance Summary Reading 56 : Fixed-Income Bond Valuation: Prices and Yields
  • L1 Advance Summary Reading 57 : Yield and Yield Spread Measures for Fixed-Rate Bonds
  • L1 Advance Summary Reading 58 : Yield and Yield Spread Measures for Floating-Rate Instruments
  • L1 Advance Summary Reading 59 : The Term Structure of Interest Rates: Spot, Par, and Forward Curves
  • L1 Advance Summary Reading 60 : Interest Rate Risk and Return
  • L1 Advance Summary Reading 61 : Yield-Based Bond Duration Measures and Properties
  • L1 Advance Summary Reading 62 : Yield-Based Bond Convexity and Portfolio Properties
  • L1 Advance Summary Reading 63 : Curve-Based and Empirical Fixed-Income Risk Measures
  • L1 Advance Summary Reading 64 : Credit Risk
  • L1 Advance Summary Reading 65 : Credit Analysis of Government Issuers

L1 Advance Mock Exams Q&A

  • L1 Advance Mock Exam 1 - 1 First Session (2024).mp4
  • L1 Advance Mock Exam 2 - 1 Second Session (2024).mp4
  • L1 Advance Mock Exam 3 - 2 First Session (2024).mp4
  • L1 Advance Mock Exam 4 - 2 Second Session (2024).mp4
  • L1 Advance Mock Exam 5 - 3 First Session (2024).mp4
  • L1 Advance Mock Exam 6 - 3 Second Session (2024).mp4
  • L1 Advance Mock Exam 7 - 4 First Session (2024).mp4