{"id":1246,"date":"2019-10-10T20:04:00","date_gmt":"2019-10-10T20:04:00","guid":{"rendered":"https:\/\/analystprep.com\/cfa-level-1-exam\/?p=1246"},"modified":"2026-01-26T08:22:46","modified_gmt":"2026-01-26T08:22:46","slug":"lognormal-distribution","status":"publish","type":"post","link":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/","title":{"rendered":"The Lognormal Distribution vs. the Normal Distribution"},"content":{"rendered":"\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"VideoObject\",\n  \"name\": \"Common Probability Distributions (2021 Level I CFA\u00ae Exam \u2013 Quantitative Methods \u2013 Reading 9)\",\n  \"description\": \"This lesson covers Common Probability Distributions for the Level I CFA\u00ae Quantitative Methods curriculum. It explains probability distributions and the distinction between discrete and continuous random variables, cumulative distribution functions, and probability calculations. The video covers discrete uniform, Bernoulli, binomial, and continuous uniform distributions; key properties of the normal and lognormal distributions; and univariate versus multivariate distributions with correlation. It also explains shortfall risk and Roy\u2019s safety-first criterion, discretely and continuously compounded returns, and introduces Monte Carlo simulation and its applications and limitations, with exam-focused explanations throughout.\",\n  \"uploadDate\": \"2021-10-08T00:00:00+00:00\",\n  \"thumbnailUrl\": \"https:\/\/img.youtube.com\/vi\/KbEfz3KiJDo\/default.jpg\",\n  \"contentUrl\": \"https:\/\/youtu.be\/KbEfz3KiJDo\",\n  \"embedUrl\": \"https:\/\/www.youtube.com\/embed\/KbEfz3KiJDo\",\n  \"duration\": \"PT45M31S\"\n}\n<\/script>\n\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"ImageObject\",\n  \"@id\": \"https:\/\/analystprep.com\/cfa-level-1-exam\/images\/lognormal-distribution-page-134\",\n  \"contentUrl\": \"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2019\/10\/page-134.jpg\",\n  \"url\": \"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2019\/10\/page-134.jpg\",\n  \"caption\": \"Lognormal Distribution (Example \u2013 Page 134)\",\n  \"width\": 1463,\n  \"height\": 1100,\n  \"copyrightNotice\": \"\u00a9 2024 AnalystPrep\",\n  \"acquireLicensePage\": \"https:\/\/analystprep.com\/license-info\",\n  \"creditText\": \"AnalystPrep Design Team\",\n  \"creator\": {\n    \"@type\": \"Organization\",\n    \"name\": \"AnalystPrep\"\n  },\n  \"isPartOf\": {\n    \"@type\": \"WebPage\",\n    \"@id\": \"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/\"\n  }\n}\n<\/script>\n\n\n<h2><iframe loading=\"lazy\" src=\"\/\/www.youtube.com\/embed\/KbEfz3KiJDo?autoplay=0&amp;loop=0&amp;rel=0\" width=\"611\" height=\"344\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/h2>\n<p>A variable X is said to have a lognormal distribution if Y = ln(X) is normally distributed, where \u201cln\u201d denotes the natural logarithm. In other words, when the logarithms of values form a normal distribution, we say that the original values have a lognormal distribution.<\/p>\n<p><!--more--><\/p>\n<p>Let\u2019s consider this:<\/p>\n<p>Y = e<sup>x<\/sup><\/p>\n<p>If we take natural logs on both sides,<\/p>\n<p>lnY = lne<sup>x<\/sup> which leads us to lnY = x.<\/p>\n<p>Therefore, if X has a normal distribution, then Y has a lognormal distribution with few large values. Consequently, the mean is greater than the mode in most cases.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-17024\" src=\"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2019\/10\/page-134.jpg\" sizes=\"auto, (max-width: 1463px) 100vw, 1463px\" srcset=\"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2019\/10\/page-134.jpg 1463w, https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2019\/10\/page-134-300x226.jpg 300w, https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2019\/10\/page-134-768x577.jpg 768w, https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2019\/10\/page-134-1024x770.jpg 1024w, https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2019\/10\/page-134-400x301.jpg 400w\" alt=\"the-lognormal-distribution\" width=\"1463\" height=\"1100\" \/><\/p>\n<h2><strong>Why the Lognormal Distribution is Used to Model Stock Prices<\/strong><\/h2>\n<p>Since the lognormal distribution is bound by zero on the lower side, it is perfect for modeling asset prices that cannot take negative values. On the other hand, the normal distribution cannot be used for the same purpose because it has a negative side.<\/p>\n<p>When the returns on a stock (continuously compounded) follow a normal distribution, the stock prices follow a lognormal distribution. Note that even if returns do not follow a normal distribution, the lognormal distribution is still the most appropriate model for stock prices.<\/p>\n<p>The probability density function of the distribution is:<\/p>\n<p>$$ f\\left( x \\right) =\\frac { 1 }{ x\\sqrt { 2\\pi { \\sigma }^{ 2 } } } { e }^{ -\\frac { { \\left( lnx-\\mu \\right) }^{ 2 } }{ \\sqrt { 2{ \\sigma }^{ 2 } } } } $$<\/p>\n<p>The Black-Scholes model used in price options uses the lognormal distribution as its foundation.<\/p>\n<p>Cheap stocks usually exhibit just a few large moves, and the price then stagnates. However, because the base is so low, even a very small price change translates to a large percentage change. For example, if the stock price is $2 and the price reduces by just $0.10, this translates to a 5% change. For this reason, while the stock return is normally distributed, price movements are best explained using a lognormal distribution.<\/p>\n<div class=\"notes_inv\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>A variable X is said to have a lognormal distribution if Y = ln(X) is normally distributed, where \u201cln\u201d denotes the natural logarithm. In other words, when the logarithms of values form a normal distribution, we say that the original&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1246","post","type-post","status-publish","format-standard","hentry","category-quantitative-methods","blog-post","no-post-thumbnail","animate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Normal vs. Lognormal Distribution | CFA Level 1<\/title>\n<meta name=\"description\" content=\"Understand the differences between normal and lognormal distributions, including their roles in describing stock returns and natural logarithms. Learn more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Normal vs. Lognormal Distribution | CFA Level 1\" \/>\n<meta property=\"og:description\" content=\"Understand the differences between normal and lognormal distributions, including their roles in describing stock returns and natural logarithms. Learn more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/\" \/>\n<meta property=\"og:site_name\" content=\"AnalystPrep | CFA\u00ae Exam Study Notes\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-10T20:04:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-26T08:22:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2019\/10\/page-134.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1463\" \/>\n\t<meta property=\"og:image:height\" content=\"1100\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ngari Joseph\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ngari Joseph\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/\"},\"author\":{\"name\":\"Ngari Joseph\",\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/#\/schema\/person\/ddbf15286b86900dfa9f8ac2603c3914\"},\"headline\":\"The Lognormal Distribution vs. the Normal Distribution\",\"datePublished\":\"2019-10-10T20:04:00+00:00\",\"dateModified\":\"2026-01-26T08:22:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/\"},\"wordCount\":308,\"image\":{\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2019\/10\/page-134.jpg\",\"articleSection\":[\"Quantitative Methods\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/\",\"url\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/\",\"name\":\"Normal vs. Lognormal Distribution | CFA Level 1\",\"isPartOf\":{\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2019\/10\/page-134.jpg\",\"datePublished\":\"2019-10-10T20:04:00+00:00\",\"dateModified\":\"2026-01-26T08:22:46+00:00\",\"author\":{\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/#\/schema\/person\/ddbf15286b86900dfa9f8ac2603c3914\"},\"description\":\"Understand the differences between normal and lognormal distributions, including their roles in describing stock returns and natural logarithms. Learn more.\",\"breadcrumb\":{\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/#primaryimage\",\"url\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2019\/10\/page-134.jpg\",\"contentUrl\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2019\/10\/page-134.jpg\",\"width\":1463,\"height\":1100,\"caption\":\"the-lognormal-distribution\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Lognormal Distribution vs. the Normal Distribution\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/#website\",\"url\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/\",\"name\":\"AnalystPrep | CFA\u00ae Exam Study Notes\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/#\/schema\/person\/ddbf15286b86900dfa9f8ac2603c3914\",\"name\":\"Ngari Joseph\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2016\/08\/male3-512-150x150.png\",\"contentUrl\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2016\/08\/male3-512-150x150.png\",\"caption\":\"Ngari Joseph\"},\"url\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/author\/ngari-joseph\/\"}]}<\/script>\n<meta property=\"og:video\" content=\"https:\/\/www.youtube.com\/embed\/KbEfz3KiJDo\" \/>\n<meta property=\"og:video:type\" content=\"text\/html\" \/>\n<meta property=\"og:video:duration\" content=\"2732\" \/>\n<meta property=\"og:video:width\" content=\"480\" \/>\n<meta property=\"og:video:height\" content=\"270\" \/>\n<meta property=\"ya:ovs:adult\" content=\"false\" \/>\n<meta property=\"ya:ovs:upload_date\" content=\"2019-10-10T20:04:00+00:00\" \/>\n<meta property=\"ya:ovs:allow_embed\" content=\"true\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Normal vs. Lognormal Distribution | CFA Level 1","description":"Understand the differences between normal and lognormal distributions, including their roles in describing stock returns and natural logarithms. Learn more.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/","og_locale":"en_US","og_type":"article","og_title":"Normal vs. Lognormal Distribution | CFA Level 1","og_description":"Understand the differences between normal and lognormal distributions, including their roles in describing stock returns and natural logarithms. Learn more.","og_url":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/","og_site_name":"AnalystPrep | CFA\u00ae Exam Study Notes","article_published_time":"2019-10-10T20:04:00+00:00","article_modified_time":"2026-01-26T08:22:46+00:00","og_image":[{"width":1463,"height":1100,"url":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2019\/10\/page-134.jpg","type":"image\/jpeg"}],"author":"Ngari Joseph","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ngari Joseph","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/#article","isPartOf":{"@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/"},"author":{"name":"Ngari Joseph","@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/#\/schema\/person\/ddbf15286b86900dfa9f8ac2603c3914"},"headline":"The Lognormal Distribution vs. the Normal Distribution","datePublished":"2019-10-10T20:04:00+00:00","dateModified":"2026-01-26T08:22:46+00:00","mainEntityOfPage":{"@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/"},"wordCount":308,"image":{"@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/#primaryimage"},"thumbnailUrl":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2019\/10\/page-134.jpg","articleSection":["Quantitative Methods"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/","url":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/","name":"Normal vs. Lognormal Distribution | CFA Level 1","isPartOf":{"@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/#website"},"primaryImageOfPage":{"@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/#primaryimage"},"image":{"@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/#primaryimage"},"thumbnailUrl":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2019\/10\/page-134.jpg","datePublished":"2019-10-10T20:04:00+00:00","dateModified":"2026-01-26T08:22:46+00:00","author":{"@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/#\/schema\/person\/ddbf15286b86900dfa9f8ac2603c3914"},"description":"Understand the differences between normal and lognormal distributions, including their roles in describing stock returns and natural logarithms. Learn more.","breadcrumb":{"@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/#primaryimage","url":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2019\/10\/page-134.jpg","contentUrl":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2019\/10\/page-134.jpg","width":1463,"height":1100,"caption":"the-lognormal-distribution"},{"@type":"BreadcrumbList","@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/lognormal-distribution\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/analystprep.com\/cfa-level-1-exam\/"},{"@type":"ListItem","position":2,"name":"The Lognormal Distribution vs. the Normal Distribution"}]},{"@type":"WebSite","@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/#website","url":"https:\/\/analystprep.com\/cfa-level-1-exam\/","name":"AnalystPrep | CFA\u00ae Exam Study Notes","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/analystprep.com\/cfa-level-1-exam\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/#\/schema\/person\/ddbf15286b86900dfa9f8ac2603c3914","name":"Ngari Joseph","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/#\/schema\/person\/image\/","url":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2016\/08\/male3-512-150x150.png","contentUrl":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2016\/08\/male3-512-150x150.png","caption":"Ngari Joseph"},"url":"https:\/\/analystprep.com\/cfa-level-1-exam\/author\/ngari-joseph\/"}]},"og_video":"https:\/\/www.youtube.com\/embed\/KbEfz3KiJDo","og_video_type":"text\/html","og_video_duration":"2732","og_video_width":"480","og_video_height":"270","ya_ovs_adult":"false","ya_ovs_upload_date":"2019-10-10T20:04:00+00:00","ya_ovs_allow_embed":"true"},"_links":{"self":[{"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/posts\/1246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/comments?post=1246"}],"version-history":[{"count":20,"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/posts\/1246\/revisions"}],"predecessor-version":[{"id":58346,"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/posts\/1246\/revisions\/58346"}],"wp:attachment":[{"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/media?parent=1246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/categories?post=1246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/tags?post=1246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}