Approximately 3 minutes per question , double the time of Level 1, to allow for reading the complex scenarios. 2. Topic Weights and Content Focus Mock exams strictly follow the 2026 curriculum weights: High Weight (10–15%) Lower Weight (5–10%) Financial Statement Analysis (FSA) Quantitative Methods Equity Valuation Fixed Income Corporate Issuers Portfolio Management Derivatives Ethical and Professional Standards Alternative Investments Source: CFA Institute Official Weights . 3. Representative Question Types
While not technically a "mock," these are official questions. If you can't solve these, you aren't ready for a mock. cfa level 2 mock questions
If yield to maturity on a 5-year bond increases from 4% to 5%, approximate percentage price change given duration 4.2 and convexity 18. (Use ΔP/P ≈ −D×Δy + 0.5×Conv×(Δy)^2). Approximately 3 minutes per question , double the
Explanation: The credit spread is a metric that measures the difference in yield between a corporate bond and a comparable Treasury bond, and is a useful indicator of the bond's credit risk. If yield to maturity on a 5-year bond