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January 10, Part I is an equally-weighted question multiple-choice Exam offered in the morning of the Exam day, and Part II is an equally weighted 80 question multiple-choice Exam offered in the afternoon of the Exam day. Both Exams are administered in a paper and pencil format. Part I and Part II each have a maximum allowable time for completion of four hours. Another consideration for potential candidates is the quantitative aspect of the subject matter. The level of mathematical difficulty of the Exam is consistent with an advanced undergraduate or introductory graduate level finance course at most universities.