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Hi, i chose the coupon as well, but was considering the change in stock value as well. In one case it was a decrease in stock price, which would lead to rebalancing the hedge. Because Delta for the convertible should go down, you will need to BUY BACK some of our SHORTED stocks, leading to a...

Here my feedback, not happy at all. A lot of weird calculations which were pretty time consuming. Do not know, have been consitently scoring 75 - 85 % in practice exams and needed much less time. Now I am convinced that I will become a returning candidate :-( [...] - the question provided...