Hello,future nurses! Does anyone here know discount coupon for Archer review? (beside COMBO30)

cause I bought whole 2 mon package of qbank + lectures for 89$ but now they have
Next-Gen NCLEX RN - Rapid Review Combo (QBank + OnDemand) valid for 1mon for 89$.So I am looking for promo code for some saving?

15% Off off of NAPLEX qbank subscrriptions. Use coupon code FITMEDIC during checkout.
Here is the link

15% Off Sitewide at Medical Board Review and Question Bank -. Use coupon code FITMEDIC during checkout.
This resource has been hepful for me in preparation for my step 2 exam. It does have a number of other qbanks for Residency exams as well as other healthcare board exams (NCLEX, PANCE, etc)

15% Off Sitewide at Medical Board Review and Question Bank -. Use coupon code FITMEDIC during checkout.
This resource has been hepful for me in preparation for my step 2 exam. It does have a number of other qbanks for Residency exams as well as other healthcare board exams (NCLEX, PANCE, etc)

Question ID: 1179471
Assume that a corporation issues a 5% Aaa/AAA-rated debenture at par. Two years later, similarly rated debt issues are being offered in the primary market at 5.5%. Which of the following statements regarding the outstanding 5% debenture are TRUE?

1. The current yield on the debenture will be higher than 5%.
2. The current yield on the debenture will be lower than 5%.
3. The dollar price per bond will be higher than par.
4. The dollar price per bond will be lower than par.

A)II and IIIB)II and IVC)I and IIID)I and IV

• Explanation

Because interest rates have risen after the issue of the 5% debenture, the bond's price will be discounted to result in a higher current yield (computed as annual income divided by current market price). Accordingly, the discounting of the issue will make the 5% debenture competitive with new issues offered with a 5.5% coupon.

I understand each bond but this question is asking about the 4% bond and the answer relaters to the 5% bond - so i got it exactly opposite of the correct answer
Question ID: 1179461
Currently, a company issues 5% Aaa/AAA debentures at par. Two years ago, the corporation issued 4% AAA-rated debentures at par. Which of the following statements regarding the outstanding 4% issue are TRUE?

1. The dollar price per bond will be higher than par.
2. The dollar price per bond will be lower than par.
3. The current yield on the issue will be higher than the coupon.
4. The current yield on the issue will be lower than the coupon.

A)I and IIIB)I and IVC)II and IIID)II and IV

• Explanation

Interest rates in general have risen since the issuance of the 4% bonds, so the bond's price will be discounted to produce a higher current yield on the bonds. Remember that as interest rates go up, the price of outstanding debt securities goes down.

Question ID: 1263282
A new client is looking for a recommendation. The client is 72 years old, has sufficient income from Social Security and a pension plan to cover all of her living expenses. She has just inherited $100,000. She wants to invest this money to have a bit more income so she can spoil her grandchildren. Which of the following would be antipodal to her wishes?
A)Treasury bondsB)Treasury stripsC)Public utility stockD)Jumbo CDs

• Explanation

The answer is Treasury strips. If she wants additional income, she cannot get that from Treasury strips. They are zero-coupon bonds and pay nothing until maturity.

Hello all,
I passed the SIE today and I wanted to sharesome topics that came up and study sources/methods I used to prep.
Topics:

• Hedge funds
• Inflation - this is one i more than likely missed, know more than just the definition
• CY - how to calculate
• basis points - how to calculate. Spend 5 minutes studying this one so if it comes up you'll know it's free points.
• 4 questions on options - strike price, calculating b/e, and a couple of scenario based q's.
• interests rates and how economic sectors react to increase/decrease
• summary prospectus
• A few RR questions that were tricky. I've seen this mentioned on this sub before and all i can say is ya, they were tricky. Know who they're allowed to loan money to.
• 3-4 straightforward questions on freeriding, front running, that stuff
• margin account requirements.
• Campaign contribution limits
• DERP - Basic understanding of each part. I didn't get any questions where I had to calculate the date
• Breakpoint sale
• Continuing education requirements
• Stock splits
• One question on zero coupon bonds
• tricky question on CTR v. SAR
• Accredited investors - felt like they made this one more difficult than it needed to be. Two options looked correct
• at least 3 questions on open-end and closed-end mutual funds. Be able to really apply your knowledge on these

Study sources/methods

• Series 7 Guru - I watched two of the practice test videos and the SIE in 60 minutes the night before/morning of the test. A great resource that I'd recommend to anybody prepping for this.
• Kapman Qbank - I took 9 practice tests and felt like these were a good representation of how you'll need to think on the exam. Don't get discouraged at low scores, and really try to understand why you got a question wrong.
• Knopman Marks practice test

My last piece of advice, don't be discouraged if you find yourself marking for review often. I think I had close to 40 marked for review on my first run through, but ended up only changing one answer.
This sub was a great resource for me, so lmk if there are any questions!

Hi everyone, took my test this morning and I wanted to give you all some quick notes and things I observed during the test. First of all, I studied using Kaplan because that’s what my employer uses for the study material. I went through about 75% of the Qbank questions and I did 14 simulated exams leading up to the test this morning. Scores ranged from 76-89%.
On the test itself I had about 5 Options questions and about 6-7 questions relating to zero coupon bonds. The rest of the questions were about what the RR can/cant do and suitability. There was a few questions about IRA’s. Roth and Traditional and a few questions about 529 accounts. No margin questions, or questions about Munis. I felt the test was more difficult than the study material and towards the end I was definitely feeling a bit discouraged. But I passed! I went back through some of the questions I marked for review but did not change any of them. I also went back and re read the first 5 questions just to make sure I didn’t overlook anything. Thanks to Dean and Ken. I watched Deans SIE in 60 mins on my way to the test and that alone helped me with 3-4 questions.
Thanks everyone

The lower the CPN, the deeper the discount, the more the bond will fluctuate. Am I missing something? I must not understand this concept since I got this question wrong. I would greatly appreciate any help!
https://preview.redd.it/wsn01v9m2isb1.png?width=624&format=png&auto=webp&s=28644fe50ec038d7017422686f05b2688aad7adf

Reference: Boston CFAI Mock Exam B (AM) set 4, question B (fixed income)
For coupon income calculation we are given average annual coupon as 6.2% (but it doesn’t state “per £100 of par”, unlike the book and other Qbanks). We are also given that the notional principal is £99MM
The solution uses £6.20 as coupon.. so my question is, are we supposed to asume the £100 of par if not given? Is it a convention or something? What if par is £1000? Then the coupon will be 62 cents, no?
It may be a silly question.. but I never traded these things in real life …
I wrongly asumed it was 6.2% of the 99 and got it wrong

Hello! I hope this helps someone :)
Background: Graduated 2019; burnt out after college, a whole lot of life changesRESOURCES TRIED: ** there is NO SUCH THING AS THE PERFECT RESOURCE**; know your learning style and preference

1. UWORLD:

PROS	CONS
2000+ questions	Pricey $139; Assessment only $20
Great Rationales
Features are useful (especially notebook, flashcards, highlighter)
Every time you renew you get another assessment
Great customer service

1. NCLEX BOOTCAMP

PROS	CONS
Video rationales on case studies (great for content and test taking strategies)	Pricey if you don't have a coupon code (Use code: )
Most of the topics covered are high yield	A little confusing to use at first
Great customer service

1. SIMPLE NURSING

PROS	CONS
2000+ questions if you have the subscription (I had it but don't really recommend it)	Questions are okay; not the best
I love the Review Lecture Series (create a free account, it's supposed to be free for only 2 days BUT as long as you don't exit/refresh the browser it still works)	Pricey subscription: you do get notes; video library (like the videos from youtube but more)
Great customer service	A little corny for me but it'll do lol

1. ARCHER

PROS	CONS
2000+ questions	Typos: especially the rationales
Affordable (you can also get coupon from their facebook group)
Videos are actually helpful if you lack content; they're just long and a little boring
Great customer service: if you fail, make sure you talk to them so they can get you a refund or an extension on your subscription

1. ReMar: More expensive than archer but less than Uworld

PROS	CONS
Good content review	Typos
	Pricey
	You can't skip topics or chapters; step by step process

1. NCLEX CRUSADES INTERNATIONAL

PROS	CONS
Free; affordable subscription **can get away with the youtube videos	Subscription tackles more on test taking, not too much content
I liked his NCLEX 7 Day Training: the original one
Subscription: live classes

1. MARK K

PROS	CONS
Free audio circulating online; good way of learning the basics	Free: outdated information; especially meds since he used brand names

1. NCLEX HIGH YIELD

PROS	CONS
Free youtube videos (ASK GRAPH; THE METHOD) helps when eliminating choices in the exam	;Pricey subscription

WHAT I USED:

1. SIMPLE NURSING REVIEW LECTURE SERIES: content
2. NCLEX BOOTCAMP: great for case studies and content
3. UWORLD: qbank
4. NCLEX HIGH YIELD (ASK GRAPH, THE METHOD); NCLEX CRUSADES INTERNATIONAL (Prioritization Strategies: Assessment vs Implementation, Maslow's Hierarchy, When to call the doctor,SAARE)

GENERAL TIPS:

1. Know if you're weak at content or test taking/prioritization- low platelet= increase bleeding risk; high INPTT: increase bleeding risk
2. Don't study for too long; you will get fatigued, at least I did
3. Build up your stamina by doing questions- do 20s, then 40s, or whatever is comfortable fore you
4. Make sure you make your own notes- written, typed, mental (whichever you prefer)- make it make sense to you, don't write the entire thing from uworld/archeetc; make your own mnemonics, acronym and all that
5. Make sure you get sleep- I can't stress how important sleep is, especially the night before your exam
6. Exam day: - prepare your clothes the day before - make sure you eat - arrive in the testing center earlier but don't go in the room until 30 mins before the exam unless you want to take it early - take deep breathes if you're anxious, close your eyes, make sure you soothe yourself - READ THE QUESTION ENTIRELY AND ENTIRELY (just because you saw the word priority doesn't mean the most critical; if it says "discharge priority" then the most stable) - make sure you take your breaks; bring water and a snack, glasses wipes if you use one, eyedrops for contacts - once you're done, go have some fun. - *tbh just wait the 2 days or state website (breeze and all that) to have your results instead of doing the PVT trick

_____________________________________________________________________________________________________________________
Goodluck NURSE! You can do this, believe in yourself. <3

Does anyone have or can share a coupons code for Usmle step 1 Uworld qbank?

Ok, so I just got home a short time ago from passing my Series 66 exam! This was my first attempt and I have to say, I was very nervous going into it (even more so than the S7). I’m now 4-0 on the Ohio Life & Health Insurance Exam, SIE, Series 7, and Series 66. I passed them all on the first attempt. That being said, I went HARD on these exams. I’m employed full-time as a Relationship Banker for a fairly small bank (6th largest in the state) and typically work 8:30-6:00 most days. I didn’t get any time to study at work and had to self-study for all of them. I started in mid-February and found myself going to my college alma mater Library about 20-minutes away to study M-TH religiously from 6:30/7:00-10:00 PM. On Friday, I’d go to my local Barnes & Noble Cafe from 7-9:00 PM and would try to get at least 3-3.5 hours of study time in at my local public library on Saturday. I usually took Sunday off but that would change two weeks or so before my exam date.
That being said, here’s a brief timeline of when I sat for each exam.

• Life & Health (3/24/22)
• SIE (5/24/22)
• Series 7 (9/14/22)
• Series 66 (11/17/22)

I wasn’t trying to break any records and definitely ran at a marathon pace and not a sprint. My goal was to to be ‘automatic’ and pass each exam on the first attempt without fear so I could move onto the next one without wasting additional time and damaging my psyche lol. I’m piloting this program for my bank, so there wasn’t any hard and fast expectations to when I’d have to complete my testing but they would check in with me from time-to-time to ensure things were moving along.
They basically gave me the company card and I used it to buy the online STC study materials for all three FINRA/NASAA exams and used Hondros for my insurance prep. As you can see, I took my time with the S7 and purchased Kaplan’s QBank and supplemental tests for both the S7 & S66. I also watched the hell out of Dean’s YouTube videos while getting ready for work in the morning and on my various commutes.
So, overall, I felt the S66 to be of average difficulty. I burned through the first 50 or so questions in an hour, which is very fast for me. There were a lot of point and click questions. After question 50 or so, I hit a bit of a mental wall and slowed down big time. I managed to finish with about 5 minutes left and used my remaining time to review the 19 questions I flagged for review. Of which, I changed two:
Please Note- These are not verbatim
1.) Which of the following business entities do not pass through income to the owner(s)?
A.) LLC B.) C Corporation C.) S Corporation D.) Partnership
*I changed my answer from LLC (“member”) to C Corporation (retained earnings).
2.) Upon the death of an owner of an HSA, which beneficiary can take advantage of the tax-free growth? (Something to that effect)
A.) Parents B.) Child C.) Spouse D.) Grandparents
*I changed my answer from child to spouse because it made slightly more sense to me, considering minors aren’t considered legal persons under the USA.
I still have no clue if I got either of these questions right LOL.
Anyways, I had A LOT of ethics related material and barely any math (maybe 3 questions). The math questions I remember were calculating the NAV when given the current assets, liabilities, and outstanding shares. I also got a really weird cost-basis related tax question when someone was gifted stock and then passed away and then the shares doubled from the owners original cost basis yadda yadda. I had one that tried to throw me off by asking how much interest a bond purchased at par and now trading at a discount will receive with the coupon rate, current market value of the bond, etc. They were looking for a dollar amount and the answer of course was simply multiplying the $1,000 par value by the coupon rate to get the annual yield dollar amount.
Hope that helps! I’ll be happy to answer addition questions you might have.
Signing off for now and going out for a drink to celebrate, cheers! 🍻

Hello!
I wanted to write an USMLE Step 3 guide to help you during this studying process. This was a very hard exam for me, and I would really invest as much time as possible to prepare for it. Everyone has a different background with standardized exams, some are great test-takers, and others like me, not so much. A little back story: I have not worked with adults for at least a year before starting residency, having had forgotten crucial information from my third-year clerkships. The exam expects you to know information from your third-year clerkships very well (adults, internal medicine, family medicine, neurology, emergency medicine, psychiatry, OBGYN, Surgery, Peds), so definitely review everything and please take this exam seriously. Many people told me this exam was easy, but I think it is harder than the USMLE Step 2 exam. Whether you are a first year, or senior resident retaking the exam, you can do this! If I can do it, you can too!!!
Attempt #1: 194/198
-I finished all the UWORLD Step 3 questions once, and redid all the incorrect questions over and over again until I had no incorrects left. I’ve lost count on how many UWORLD passes I’ve done for this first attempt. UWORLD is important to do, definitely know your UWORLD questions and topics. Review the incorrects and try as much as possible to get into the test writer’s head.
-I also did the UWORLD Biostats once, and reviewed a second time. I also reviewed the popular Biostats videos on YouTube. Here is Dr. Randy Neil’s main video: https://www.youtube.com/watch?v=75pQPB1RF50 . Make sure you have a Biostats formula sheet to review consistently. Day 1 of Step 3 is Biostats heavy (multiple questions per block).
-I read cover to cover First Aid Step 3 (the book is too simplified), so be aware that this is not the best resource but only a simplified review
-I read the Crush Step 3 book, but once again, this book is too simplified and should not be a main resource
-I did all the CCSCases.com cases and reviewed everything on this website.
- I did review the drugs on First aid Step 1 again, including MOA, the diagrams, the genetics portion of First Aid Step 1 book.
-On the real exam, I skipped the biostats or drugs/research/ads questions and did them last.
-I did the two UWORLD practice exams, and the NBME practice exam for Step 3. UWORLD Exam 1 has bizarre questions, so your score will most likely be lower on the first exam compared to the second exam, which has more "familiar” questions that you would be used to for Step 3.
-things I did not do for my first attempt: UWORLD CCS
Attempt #2: 195/198
-After failing Step 3 the first time, it was recommended to me that I should try out the AMBOSS Question Bank for Step 3 by my institution. I redid all the UWORLD questions and also did all the AMBOSS qbank questions for Step 3. AMBOSS questions were really difficult & advanced, so I would only recommend if you have extra time or if you want to work on specific (weak) topics.
-I worked with an attending from our institution during my second attempt on a weekly basis, going over questions (tutoring)
-However, I did not pass my 2nd attempt despite redoing all of UWORLD questions, correcting the incorrects, and doing the AMBOSS qbank. By now this is over 4000 questions for this second attempt and I only went up 1 point on the real exam. So there is a disconnect somewhere, probably a little bit of everything (content review, strategy, etc)
-things i did not do for my 2nd attempt: practice exams, CCS cases
Attempt #3: 213/198 (PASSED!)
-I really deep dived this third attempt and diversified my resources, which is imperative. I went on Reddit to see what others did who failed Step 3, and I really took everything and made it into my own.
-I decided to not do UWORLD or AMBOSS anymore because I’ve done these questions so many times already and I was unsuccessful after redoing the questions for my 2nd attempt with Step 3.
-I signed up with Dr. Rows (Psych), a tutor for USMLE ([usmleadviser@gmail.com](mailto:usmleadviser@gmail.com)) because I wanted to work with a professional tutor. She is so patient, and we went over strategies and techniques on practice questions (NBME questions). She recommended me doing all the NBME questions again, since the NBME writes the exam it is imperative I get used to the style and way questions and topics are written or asked. I would recommend Dr. Rows even if it is only for a few tutoring sessions. She has a tutoring package!
-I did all the NBME questions (ALL shelf exams again for every topic, and all practice NBME exams for Step 2 CK and Step 3). This is over 2200 questions or so, I used NBME as my new question bank. I passed the Step 2 CK NBME practice exam a week after I got my (failed) Step 3 score back, so I know that the real Step 3 exam is harder than Step 2 CK. It wants you to go that extra step.
-I signed up with Blue Print tutoring (https://blueprintprep.com/medical/med-school/tutoring/meet-our-tutors) and worked with Dr. Calli Morris (Peds). She is an angel, a gem, one of the best tutors I worked with... She is patient, customizes all your tutoring sessions, goes over questions, rapid review, content review, CCS cases review. I would definitely recommend her even if only for a few sessions. There are tutoring packages! She is just really encouraging, supportive, and positive. You can reach her at [calli.morris@blueprintprep.com](mailto:calli.morris@blueprintprep.com)
-I also tried working with other tutors: John Wilson (ENT) at Med School Coach. It was helpful, our few sessions, hearing his approach to questions and topics from a surgical perspective. He truly knows everything and is so knowledgeable. I did two sessions with TJ France (Ortho) at MedSchoolTutors. He is really nice and helpful as well. I continued to work with our attending from our institution again weekly, and also worked with an Internal Medicine senior resident on the free NBME Step 3 questions on the official website (4 free blocks).
-Working with tutors who scored 250s+ on these USMLE exams, I realized that you have to really know your information for all these topics and questions. These tutors have really mastered these topics and as a result, have done really really well. I also worked with our institution's med school's educator on Drug/Research/Ads/Abstract questions for a few sessions. Try to get into the mindset of critical thinking, looking everything up, and every single thing could be worrisome or important (a lab value that’s off, which diagnostic study or imaging study is preferred, gold standard vs the best test etc).
-I started to use the AMBOSS library, which is like UpToDate, but so much more user friendly. Every topic or incorrect question, I would look up the topic on my phone app, review the indications, etiology, clinical presentation, treatment, complications, etc. Every topic is important, including medication side effects, mechanism of action, antidotes, rescue drugs. These topics are all tested on the exam! I like the AMBOSS library because they bolded high yield topics for you when you are reading about it. I would definitely recommend looking up every single topic, medication, etc on AMBOSS when you encounter it so you don’t forget.
-I did review the drugs on First aid Step 1 again, including MOA, the diagrams, the genetics portion of First Aid Step 1 book.
-I listened to Divine Intervention Podcasts (https://divineinterventionpodcasts.com/) in my car while driving, stuck in traffic, or even for a 10 minute drive; he is a genius, and an angel for doing this, and his audio podcasts are truly high yield. He holds review sessions (content review, or strategy review, etc). I was not able to do the content review sessions, but I did sign up for his strategy review session. It was so helpful, one of the question topics he discussed about was on the real exam and it was a curve ball topic. I would definitely listen to Dr. Divine in your car, at the gym, when you’re in the call room, etc to make learning a lifestyle and utilize different methods of learning (visual, reading, listening). Definitely review his screening and rapid audio podcasts for Day 2 of exam. Ideally you would listen to all his 300+ podcasts if you have time!
-Kaplan Step 3 LIVE course was having a sale, and I had a coupon code from the Honey coupons app, so I signed up for the live course, and they accepted the Affirm monthly financing. I went to every LIVE class, and they sent you two big review books. This was a way for me to just passively and actively review with others. I don’t think it is bad, but it isn’t the best. The Kaplan practice exams are not the best, but it was useful to talk about everything with the instructors. It is just good to hear about the same topics in different ways. Each instructor is different because they match the instructor with the topic (a real surgeon for surgery, OBGYN doc for OBGYN, Pediatrician for Peds, Internist for IM, Psychiatrist for Psych etc). This was helpful because it was geared for Step 3 and it is good to hear directly from the specialist.
-I also listened and watched Dr. High Yield on Youtube. His main video: https://www.youtube.com/watch?v=8DTYbxtV7Tk . I watched everything on x2 speed, and watched his IM video Twice. It was extremely high yield. I also watched Dr. Dan on Youtube as well, his main video: https://www.youtube.com/watch?v=W-1sPtlrZHA . I watched him go over questions, and how he analyzes the questions. You can learn his strategies! This was helpful. I watched the screening, & high yield images videos (histology, pathology, x-rays, CT scans etc) on Youtube’s DirtyMedicine: https://www.youtube.com/watch?v=NYqB-2frWfc
-I did all the UWORLD CCS cases (interactive and the text cases) for first time for this third attempt, I wanted to mix and match between UWORLD CCS cases and CCScases.com. I read the Crush Step 3 CCS book cover to cover once, which was very helpful. I did all the high yield cases on CCSCases.com again (you can filter it by high yield and I just went down the list, I did not finish all the cases again)
-My main book resource for my third attempt was the Step 3 Secrets. This was an extremely high yield book. I only went through it once carefully line by line, but I wished I could have gone through it 2 or 3 more times cover to cover. I did not do the CCS cases at back of this book. For CCS I would recommend constantly practicing on a daily basis so you don’t forget. My mistake for my second attempt was not doing CCS again to practice, and I did not do any practice exams. Doing the Qbanks solely is not efficient. You have to incorporate, review, content review, strategy review, perfect your timing on these questions, know the timing, work on your mental health, anxiety, etc.
-Review your ACLS, PALS, BLS pathways and protocol. Step 3 loves topics on ACLS especially with management, EKGs, cardiac rhythms. Know this image: https://www.derangedphysiology.com/main/sites/default/files/php/ECG/images/Localization%20of%20coronary%20artery%20territories.JPG
-OnlineMedEd – I rewatched Dr. Dusty Williams’s Step 2 and residency/intern videos on x2 speed (reviewing everything from 3rd year clerkships and his advanced medicine videos for residency). I feel his videos were great to just let everything wash over you so you can have the general idea of everything again.
-Practice exam scores: NBME 5 for Step 3 I got 510 (this is about 228 correlation without CCS factored in). I got about 203-205 on the UWORLD Exam 1, and about 215-217 or so on UWORLD Exam 2. So based on my real exam, my score is between the UWORLD exam 1 and 2, and markedly below NBME Form 5. My shelf exams, all 20+ of them, were in about the 60% tile. Initially I was in 50%tile for some topics, and then some topics I improved to 70%tile but overall I was in the 60% tile range. I really recommend doing the NBME questions again if you are far out from medical school.
-I got the Master the boards Step 3 book, but I felt this book was still too simplified, I read the columns only. The real exam is detailed, you need to really know your stuff. So go into it with that mindset. All you can do is try your best!
-I spaced my first and second exam dates 13 days apart (max is 14). I would recommend at least 7 days inbetween so you can review CCScases and topics. I had the two dates back to back before and that was draining and exhausting. You need time inbetween to rest, review, and get yourself together. I would have the AMBOSS library app on your phone so when you take a break you can review topics that you think you missed or wanted to review in case there is a repeat question about that topic. This was helpful because I did have a repeat topic on the real exam in a later block, and I was happy I looked it up during a break. On the second day, I did have a medication question so it is not only on first date.
-Take home message: You can do this! Put in the work, show up, and try your best every day. Utilize and diversify your resources (visual, reading, listening, auditory, practice questions). Put on your critical thinking cap on for every patient, topic, diagnosis, lab value. Look everything up on AMBOSS library (or UpToDate or AAFP or other articles). In retrospect, I would start & complete these resources: UWORLD once, correct incorrects, UWORLD Biostats, UWORLD CCS (interactive and text), CCScases.com, Step 3 Secrets book, Crush CCS Step 3 book, ALL NBME Questions (Shelf exams, Step 2 CK & 3 practice exams), UWORLD practice exams, listen to (all) Divine Intervention Podcasts, rewatch (all) OnlineMedEd. And then depending on where I score, I can supplement with other resources mentioned above. Some Step 1 topics are on this exam, so it really is a comprehensive review.
You will become a better clinician studying for this test, and it is a privilege to be able to take this exam. Good Luck!

Can someone explain to me why zero coupon bonds are the optimal choice?
When going thru kaplan Qbank and get suitability questions I usually lean towards the equity choices since they have time , 10-15 years for growth. But the answer usually contains zero coupon bonds for education saving

Hey guys! So I'm struggling to solve this problem and have some questions about fixed income in general. First of all, how do you estimate the par value of the bond when it's not given? I've been guessing at it based on the year, but not sure if there's a system or whatever. An example of this is also in my question from Schwester QBank below:

• A 14% annual-pay coupon bond has six years to maturity. The bond is currently trading at par. Using a 25 basis point change in yield, the approximate modified duration of the bond is closest to:
  • 0.392.
  • 3.888.
  • 3.970.

I guessed that the FV was 100 since said six years to maturity, which was correct. What I can't wrap my head around is how to get V_ and V+ since it's not given and how it's related to BPS? I've been looking through the book and searching online and can't really find an answer.
Thanks for reading through this; any help would be much appreciated. Fixed income is not my strong suit lol

Got this question today on the Kaplan QBank:
The one-year spot rate is 7.00%. One-year forward rates are 8.15% one year from today, 10.30% two years from today, and 12.00% three years from today. The value today of a 4-year, $1,000 par value, zero-coupon bond is closest to:
Answer: $700
Explanation:
Based on the given spot and forward rates, the 4-year spot rate equals:
[(1.07)(1.0815)(1.103)(1.120)]1/4 – 1 = 9.35%.
Bond value: N = 4; FV = 1,000; I/Y = 9.35; PMT = 0; CPT → PV = –699.40
Probably a silly question - My question is, wouldn't you have to discount those forward rates to PV since they are "two years and three years from today" in order to get the 4 year spot rate?
Thanks!

Just finished up a CFAI Qbank session. Came across two problems that used two different formulas, and can't figure out when to use which.
Question 1: interest rate paths. You're given rates at time 0, 1, and 2 and are asked to calculate the PV of the bond. I got this question right - the correct formula is (coupon / 1+r1) + [coupon / (1+r1)*(1+r2)] etc.
Question 2: given a table of spot, par, and forward rates in years 1, 2, and 3. Asked to value a bond to find whether arbitrage is present. I tried to use the formula above and the spot rates and couldn't get the right answer. Instead the correct formula was:
(coupon / 1+r1) + [coupon / (1+r2)^2] + [coupon / (1+r3)^3] etc.
My question is, when is the appropriate time to multiply each periodic rate together, and when should I instead take the spot rate to the power of (time = t)?