Yipee! CFA Level 1 - Passed!

Just login - I passed the Level 1. I also scored above 70% for all topics.

In the meantime, I am disappointed that the passing rate was so high. 46% of the Level 1 candidate passed. Dec 2008 passing rate was 35%. The passing rate for the pass few years for level were:

2005 June 36%

2005 Dec 34%

2006 June 40%

2006 Dec 39%

2007 June 40%

2007 Dec 39%

2008 June 35%

So this year's passing rate was extremely high. Is it because of the 3 choices of question (previously 4) or is it because candidates are more prepared?

Whatever is it, if the passing rate is so high, the value of the cfa paper decreases.