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Thanks David, I realized my mistake in that second question, your formula sheet contains the z-stat I should have used. I hope the conveners are more careful with the actual exam. I imagine they would see consistent incorrect answers in marking and might pick up on mistakes. Although it may...

I'll add one more to the list and this one is definitely a mistake: Exam 2 question 39 The question is, "Which of these statements correctly describes commercial banking?" 1 commercial banking is more exposed to operational risk than credit risk 2 commercial banking is less exposed to...

I find some of the model answers to the 2008 practice exams are incorrect. Of course this could just be my misunderstanding but I'd like to verify with others: For instance exam 2 question 20: Why is the value of the coupon 40 and not 4 as in 4% of 100. Likewise the principal payment...