You had one question which had calculatr the credit spread and given the yield of one bond and work out the yield of the other bond using merton model.
You know we should complain about the lack of a clock in the exam room. Things you can expect to have in an exam, table, chair, exam paper, invigilator, and a clock.
The exam was rock hard you had to use concepts across different topics to help solve some of the questions and time was required figuring this out, which is something you did not have nor a clock in the Room (London) (I made a complaint about this). The questions were tricky or worded in a such...
there were loads of ambigious questions and badly worded probably on purpose. Like one which "Alied Bank, Barings and Drysdale Securities all had rouge traders what is common in both" : (Drysdale securities were not down to rogue trader)
I felt it was tricky but not impossible my problem was time I think I was just too slow. I think question 22 was the one without weights and gave you covariance. I simply used the variance rule without the weights and got an answer that was listed but there was another in which weights were given.
Just finished the nov exam and it was tough highly mathematical. I really did not get time to finish it so my expectations are not high. However, I was able to do the question but there were some which I did not get at all, but majority I could figure out but it slowed me down. Just wanted to...
Just finished the nov exam and it was tough highly mathematical. I really did not get time to finish it so my expectations are not high. However, I was able to do the question but there were some which I did not get at all, but majority I could figure out but it slowed me down. Just wanted to...
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