Hi…I noticed a small error in this explanation…i think…

Here’s the sample question:

It says CPI reported at 2%, so the par value will **fall by 2 %.** I believe the adjusted par value have "**increased** by 2% resulting it to be $1,020…according to the explanation. Not sure if that part is a typo.

To my understanding if the CPI reported a decrease of 2%…then the par value will fall by 2%…which the adjusted par value be $980.

Also…the quiz question stated that the CPI is reported **at** 2%…but wasn’t specific if it was a rise or a fall…but I’m assuming it’s a rise according to the explanation of the answer.

just fyi…

strong text

here’s the link:

https://app.achievable.me/study/finra-series-7/review