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Yeah I put bull spread as well. I don't think the questions though had numerical figures either.

i think 34 has to deal with like what happens if a ccp defaults. and for that i think i had the risk is that if a ccp defaults then the members that clear with the ccp will be liable to divide up for the default amount. but i don't think non-members are obligated to pay for it. or something...

Yeah I got that too bc they have the optionality to convert to stock so they should be priced higher than regular debt.

Yes, this is legit. The Bayes Theorem one threw me for a long one which I ended up skipping and coming back with an educated guess. Same with the Poisson question and if I remember correctly, there was also a question bionomial probability that was like, what's the probability it it be at least...

Was that about like risk capital to different business lines of the company? If so, I think I picked that one too. There were so many risk governance questions on this exam so it was difficult to decipher exactly which question is which.

Very interesting. Cool, i'll be on the look-out for this. I'm going to assume everyone here finished the exam right? I've read in past threads of ppl who didn't finish at all.

Oh nice. Well maybe not, that's a solid month or so away actually. Although, I am interested in these "tricks"

I'm not sure. But I think it was just asking what does the value have to be in order to be mean-reverting / stationary. I just said b < 1. Didn't think too much into it. Does anyone know when the results date will be?

I remember this question too. Didn't know how to answer it either.

Oh yes, I remember that question. But i didn't know it either. For the second question I chose the forward exhange rate derivative. Not sure if it's right though.

1. Yes, is this the one talking about like merging two different distributions? 2. I said it would be good to use for forwards. Not options since their payoffs are not symmetrical.

protective put caps your gains since you own the stick and buy a put. I selected bull spread with calls. but that also caps your gains too. I i didn't think any of the answers would yield unlimited gains though. Mean-reverting is B < 1 Does more social security schema mean you have a higher...

Oh nice! Thanks!

hmmm....good to know. I've done research and ppl have commented that the MPS is probably lower but obviously nothing is concrete here. Also, the fact that the exam was more difficult meant that naturally people scored lower, and even though you scored low, you still scored relatively well...

yeah you gotta stop jinxing me there buddy haha so hush! :) hahaha I'd say the difficulty level of this exam is somewhere between L1 and L2 of the CFA. A lot of conceptual questions. I just remembered there was one about the optimal level of risk for a bank question. The time burner ones were...

Hmmm....yes, it's all relative to how you do relative to everyone else. I did somehow, I think, see a few questions that were quite representative of what was on the GARP mock. There was also that question about the executive bonus of receiving 80k bonus in a lump sum or breaking it out into 40k...

I'm not sure what the marginal passing score is for this exam though. Does anyone have a rough idea how many questions you need to pass this exam? There was also a ethics question about confidentiality. I said you need consent before you can use confidential information.

in regards to the previous chain thread.... (1) Asked which is correct related to MBS with choices? -2 Choices that I think were wrong -"OAS" being a spread to interest rate paths (but the way it was worded seemed wrong) -The prepayment option of MBS is attractive when PV of scheduled principal...

for that one question about ERM, I said it would allocate risk capital. The other 3 answers seemed off. Not sure if you know what I am talking about but it was one of the qualitative questions.

Yes, I think for the poission I put 10%. Fairly certain on that one. Cool on the ES one. Because I too took the other average and it wasn't even an answer so I think we may be good on that. Ahhh....I forgot what I put for the FRA but yeah, that makes sense. The teacher question was my last...