This is an exam-day pacing protocol for the 2027 CFA Level I format of 180 three-option items across two 135-minute sessions, averaging about 90 seconds per item. Read the final question sentence first on quantitative stems so you know the target quantity. Clear certain items on the first pass, flag heavy computations, and never leave blanks because there is no guessing penalty. Distractors often use the right process with one broken step, such as D0 for D1 or annual instead of semiannual compounding.