I received my email on the day at 9:30PM... and I passed! 3,1,3,1,2 --> I studied less than for level I where It was 1,1,2,1 if I recall correctly, so very happy with the pass and result. Submitted work experience today. Thanks BT and all its members for your support on this journey - it really...
This was a lot harder than Level 1 and much more difficult than GARP practice exams. More on par with BT practice questions. Some topics tested that didn't feature large in the material at all. The qualitative questions were also difficult, often testing several concepts within a single...
I found the exam very long - not too hard quantitatively, but long. I had to guess quite a few questions that required calculations in the end even though I think I could have solved them with more time. I also remember a lot of CAPM, VaR, binominals, swaps, FX, and a lot of qualitative...
Hi all,
I am really confused by this question and David's suggested answer - for years I have calculated bond yield as shown above:
PV=-104
FV=100
N=6
PMT=4
--> Solve for I/Y = 3.2553 * 2 = 6.51%
Why does DH come up with 7.588? And Hull with 6.407%? This question seems so basic that I am a...
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