I'm sure this is spelled out somewhere, but thought I might find a quicker answer here. I know that Part 2 builds on Part 1 topics; however, are areas specific to Part 1 also testable in Part 2?
Example: Hull's Exotic Options and several MBS readings have been moved to Part 1 starting in 2015. Since I did not study these areas for Part 1 on the November 2014 test, should I read and fully understand these topics (to the point of being able to answer FRM exam questions specific to these areas)? There are several questions in BT's Part 2 study material that are targeted toward these readings, which is what raised my concern in the first place.
Thanks in advance!
Example: Hull's Exotic Options and several MBS readings have been moved to Part 1 starting in 2015. Since I did not study these areas for Part 1 on the November 2014 test, should I read and fully understand these topics (to the point of being able to answer FRM exam questions specific to these areas)? There are several questions in BT's Part 2 study material that are targeted toward these readings, which is what raised my concern in the first place.
Thanks in advance!