The CFA® Level 1 exam tests your knowledge across ten core topics with a total of 180 multiple-choice questions. These questions are split evenly into two sessions of 90 questions each.

Get the full breakdown of the CFA® Level 1 exam—format, topics, study tips, ... Both sessions are made up of 90 multiple-choice questions, for a total of 180 questions.

CFA® Level 2 Questions. Question 1: Equity Valuation – Dividend Discount Model (DDM) Prompt: A stock is expected to pay a dividend of $3 next year, and dividends are expected to grow at 5% per ...

The passing rate for the CFA Level I Exam, which consists of 180 multiple choice questions split between two 135-minute sessions, was 44% in August 2024, compared with an average Level 1 pass rate ...

CFA® Level II Exam Question Format. At the heart of the CFA® Level II exam are 22 item sets. Each one starts with a vignette—a detailed scenario packed with context—and is followed by ...