Pass Level I five minutes at a time.
Every morning, one study pill lands in your inbox: a single concept, the formula that matters, and one exam-style question. No app, no dashboard, no guilt — just open your email.
Miguel's own study notes, shared privately by invitation — not a public product
Time Value of Money: Present Value of a Perpetuity
A perpetuity pays a fixed amount forever. Because payments never end, you can't sum them one by one — but the geometric series collapses to a single division:
A preferred stock pays a fixed $4.50 annual dividend. If the required return is 6%, its value is closest to:
✓ Correct — PV = 4.50 / 0.06 = $75.00. Preferred stock with a fixed dividend is valued as a perpetuity.
How it works
A day-by-day sequence that covers the full Level I curriculum in exam-weighted order. Each pill builds on the last.
Get your invite code
Access is by invitation only — ask Miguel for a code, then join at /join with your email.
Open one email a day
Each pill is one concept, one formula (when there is one), and one exam-style question with a worked answer. Readable in under five minutes, on your phone, on the train.
Reply to test yourself
Weekly recap emails quiz you on the last seven pills. Miss a question and that concept re-enters your queue — spaced repetition, without another app to install.
The full curriculum, weighted like the exam
Pills are distributed to mirror official topic weights, so your daily effort matches how points are actually awarded.
Topic weights per the CFA Institute Level I exam. Verify current weights at cfainstitute.org before your sitting.
This is personal, not commercial.
DailyCharter is Miguel's own CFA Level I study notes, shared privately with friends by invitation. No public sign-up, no pricing, nothing to buy.
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