In case anyone wants to know how long it takes to get the certificate, I received it today 4/4/22 after pretty much having forgotten about it (I was certified on 2/14/22).
The question I got was slightly different to yours. It had different amounts, where there was no OC, and they mentioned that some of the loans had defaulted before interest was due. There were also two SOFR rates given, where I suppose one of them were there to confuse.
Given the information...
Not sure if we had a similar question but I was unable to arrive at a number that was presented in the answer choices for the Equity/Mezz/senior cash flow question.
Wow - amazed you recalled that bit. I don't think I would have pulled that out of my Part I memory bank even if I tried. Yes, the question mentioned that the PD was Bernoulli.
One other question that bugged me was a UL calculation question where the EAD, PD, LGD, Volatility of LGD inputs were given. The Volatility of the PD was not given but they expected you to calculate the UL. Anyone know what other ways the volatility of the PD can be derived?
As others have said, the Part II Exam was more qualitative than quantitative (I had about 15 minutes left at the end and I counted out 17 quantitative questions where I had to use my calculator). I would also say that the LOs were covered quite well - all topics are fair game, and I felt it was...
@David Harper CFA FRM would you have the same spreadsheet for the P2 exam? I was trying to recreate it for the second part but dont quite understand the grey box how to get the values in the grey boxes (specifically the row "Index")
Thank you
I took the Part I CBT exam in May 2021 at a PSI Center. They provided me with 2 sheets of blank paper and a pencil. The two pieces of paper were enough.
On the right hand side of the screen, you will be able to see the list of questions where you can revisit them before submitting, as well as...
Passed with 1,2,1,1.
For reference, my results were 60/100 on exam day. I really did not think it would be a pass at that time, so I'm still feeling a bit shocked and in a daze. With two exam postponements I ended up studying over 400 hours using both Kaplan and Bionic Turtle study materials...
Yes, scheduled to finally take the CBT Part I exam in NYC. There seemed to be a lot of exam centers open when I booked, including one near me in my neighborhood. I wonder how it will be; I am guessing we are timed by the program.
I don't think that Durbin-Watson test is part of the 2020/1 Learning Objectives or notes/GARP text from my search. Surprised they would ask about it, unless it was in passing?
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