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Originally Posted by sambert5150
I am pondering taking the Principles of Finance. I am scheduled to take the class in the fall, but am conidering taking the DSST exam instead. What is the format of a DSST exam compared to a CLEP exam? Also would you advise taking the exam. The subject itself freaks me out. Thanks in advance
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The exam is not easy compared to Management and Marketing exams. The exam-taker is not limited in time... You should get a non-programmable financial calculator and learn how to do such calculations as TVM, IRR, Cash flow, NPV...
You should memorize and know how to use formulas for financial ratios, financial, operational, combined leverage, effective rate of interest, cost of stock, CAPM cost, cost of failing to take a trade discount, break-even quantity, DuPont system...
The questions are not easy and require a good knowledge of financial terms, concepts, relationship of financial concepts.