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So that means for Part 2, we need to achieve 52.8/80=66.3% correct...that's no small feat

Is the correct sequence M, N, L? Memory could serve me wrong.

There was a question for which one of the four answers was "if the bank does not raise deposit rate, the liquidity coverage ratio would be unchanged". Was that the correct answer?

There was a question about hedge fund returns with a formula that looks like Pt - Pt-1 = 0.6781 -0.3722Pt-1 (don't remember the exact parameters)...which answer is correct?

There's a question on the highest exposure for four option positions: 1) Long gold (counterparty: gold producer) 2) Short oil (counterparty: airline) 3) Long banks / financials (counterparty: SIFI) 4) Short soybeans (counterparty: soybeans farmer) Which one is correct?

qualitative questions were indeed very hard...after the exam, I checked several I wasn't sure about against the official GARP books and, for the vast majority, I gave the wrong answer...

Practice Questions: Andrew Ang, Chapter 6 Page: 9 Error: In the 2nd paragraph under "Answers:", line 2, should it be "per true choice B", instead of "per truce choice B"?

@David / Nicole, Reading: Andrew Ang, Chapter 13 Page: 33 Error: In the 2nd bullet paragraph, line 1, should it be "liquidity also dried up", instead of "illiquidity also dried up"?

@David / Nicole, Reading: Andrew Ang, Chapter 10 Page: 26 Error: In the paragraph immediately underneath Table 3, line 3, should it be "$0.34(1-0.66)", instead of "$0.37(1-0.66)"?

David / Nicole, Reading: Andrew Ang, Chapter 6 Page: 11 Error: In the paragraph beginning with "2. Behavioral:", line 5, should it say "result from", instead of "result in"? To me, "barriers to the entry of capital" seems to be the cause, not effect, of "persistence of behavioral biases". Thanks.

Thank you so much, Nicole! Can I redeem it for $15 Amazon gift card?

Similarly, In Tuckman, Chapter 9, Page 54, should the penultimate equation in the "Rate change under Model 2" section be "dr = 1.0%*1/12 + 2.5%*0.80642*SQRT(1/12) = +0.6653%", instead of "dr = 4.0% + 1.0%*1/12 + 2.5%*0.80642*SQRT(1/12) = +0.6653%"?

Thank you, Nicole. Here's another: In Tuckman, Chapter 9, Page 53, should the penultimate equation on the page be "dr = 2.0%*-0.2533*SQRT(1/12) = -0.14627%", instead of "dr = 3.0% + 2.0%*-0.2533*SQRT(1/12) = -0.14627%"?

Thank you, Nicole and David, for your confirmation. It is always easier to hairsplit, but it was out of a sincere desire to help. I am sorry this has to come piecemeal, but the effort continues. In Tuckman, Chapter 8, Page 41, should the 3rd line of the paragraph starting "For example, we can...

Hi Nicole / David, In Tuckman, Chapter 8, Page 37, should the paragraph starting "Assume the current one-year spot rate is 10.0%..." end with"14%, 10% or 6%", instead of "14%, 12% or 6%"?

Hi Nicole / David, In Tuckman, Chapter 7, Page 26, should the last equation on the page end with "= - $4,216.87", instead of "=$4,216.87"?

Hi Nicole / David, In Tuckman, Chapter 7, Page 26, should the first equation under "Similarly, on date 2, the state 2, 1, and 0 payoffs are, respectively" end with "=$5,000", instead of "=-$5,000"?

Hi Nicole / David, In Tuckman, Chapter 7, Page 24, should the 2nd bullet point say $925.21 = $1,000/(1+5.25%/2)^3, instead of $925.81 = $1,000 / (1+5.25%/2)^3 ? Thanks

Looking forward to David / Nicole's official reply. Just trying to ensure I am not reading any stale Part 2 study notes. Thank you!

Meissner, Chapter 1, P21, the formula below seems erroneous: The square root sign should stop right before the very last "+" sign. In other words, "+PxPy" should be placed outside the square root sign. Could either Nicole or David please confirm this?