Mark Meldrum Cfa Level 1 Notes Pdf Work

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Mark Meldrum's CFA Level 1 PDF notes are designed to act as a to his video lectures , essentially capturing everything shown on the screen so you don't have to transcribe it manually. How They Work

Topic 2: Economics

• Macaulay duration: weighted avg time to receive cash flows
• Modified duration = MacDur / (1 + YTM)
• ΔP/P ≈ –ModDur × ΔYield + ½ × Convexity × (ΔYield)²

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Warning:

⚠️ Many “Mark Meldrum notes PDF” on file-sharing sites are from 2019 or 2020. The CFA curriculum changes annually (e.g., addition of Python/Data Science, ESG updates). Using old notes can actively hurt your score.