What's Different from the Level II 2017 Readings?
Realizing that some candidates may want to use last year’s notes, we provide a high-level overview of the significant changes we made to the Level II curriculum.
One reading was rewritten and is essentially new for 2018:
•Reading 13: Currency Exchange Rates: Understanding Equilibrium Value by Michael R. Rosenberg and William A. Barker, CFA
Five readings were revised for 2018:
•Reading 9: Correlation and Regression
•Reading 23: Dividends and Share Repurchases
•Reading 27: Equity Valuation: Applications and Processes
•Reading 31: Free Cash Flow
•Reading 39: Credit Default Swaps
Revisions have also been made to correct errata, clarify text, or update terminology or standards. These revisions are not specifically tracked or listed.