Search results

It must have been a real shock to them when Thanksgiving was moved to this week at the last moment, disrupting all the meticulous planning.

One of my colleagues who took the test before already warned me about the complicated questions, so I was not surprised. But still, it was incredibly and unnecessarily convoluted. So much so that I could barely remember 5 or 6 questions after the exam ended. Regarding the Merton model question -...

Practice exams also had such questions where Up and Down moves were given and D was not equal to 1/U, so I took the increase and decrease that were given in the conditions - it clearly stated that it is expected to increase by 5% and decrease 10%.

Funny that I also used 750 at first instead of 700, then corrected it and got the answer

1. Yes, I think my answer was either "variance is finite" or "variance is constant and finite" 2. Yes, 45000 5. I vaguely remember also selecting that option 6. I selected something around 100k, but we might have different booklets 8. On the crack spread question the spread was definitely...

I think you remember correctly, this is how I did it: First up probability: [e^(2/1)-0.9]/[1.05-0.9] =73.4% So probability down is 26.6% Up move step is 3200*1.05=3369 Down step 2970 The value of up move step is 0*73.4%=0 The value of down move is (3200-2970)*26.6%=230*26.6%=61.18 So...