**Chartered Financial Analyst Level 3 Points**
The morning session of your exam is going to be 10 to 12 multipart essay questions worth a total of a 100 and 80 points. Each individual part of the essay question is going to be worth 3 to 10 points by itself. Now the weight of an essay question each of its parts will be denoted in minutes, and a minute equals to 1 point.

What you see the very first thing in the morning question one has three parts so you know immediately there are going to be three total parts in this question so be sure you look for A, B and C that you answer all three parts. For a total of 21 minutes that means that they're expecting you to spend 21 minutes on this question and in total this question is going to be worth 21 points.

Example of an individual part so it could be for example part A of the question, determines Smith's required return for the first year of retirement show your calculations six minutes. So part A up here is worth six of the total 21 minutes of this question. Now double jeopardy is considered fair and sometimes necessary CFA Institute has said this specifically that they do not only consider it fair but sometimes necessary at level 3 jet double jeopardy is where the answer from one question serves as an input to another question. .

So that it be very possible that you if you missed the first part the first question you missed the second one also. Example we just gave you the calculator required return may have eaten you can have to use in part be the count later Sharpe ratio or something else because even if you calculate the return incorrectly what you're going to miss it of part B also where you have to use it as an input.