Search results

The exam was brutal, long formatted questions and with a lot of fluff. Some long formatted questions had a lot of information in them and you had to pick what was important. I think the questions were very much close to BT's practice test questions. I used Kaplan Q bank as well, which were...

Thanks for the explanation David, It makes sense now. This was taken from Kaplan Schweser Qbank.

An investor has entered into a forward rate agreement (FRA) where she has contracted to pay a fixed rate of 5 percent on $5,000,000 based on the quarterly rate in three months. If interest rates are compounded quarterly, and the floating rate is 2 percent in three months, what is the payoff at...