review

[wrongsaidfred]

Hi David,

I noticed that in previous years there was a video or two that attmepted to sum everything up that could serve as a good final review for the exam.

Is there one for this year? If not, is it worth watching the other ones or is there a lot of info on there that would hurt, rather than help, this late in the game?

Thank you,
Mike

 

[Suzanne Evans]

Hi Mike,

You can find the reviews that we did for the 2011 May exam here. The May & November curriculum are the same, so there isn't a need for a review for both periods.

Thanks,
Suzanne

 

[wrongsaidfred]

Thank you!

Mike

 

[wrongsaidfred]

Sorry! One last question.

I think I have done all of the problems avaiable on here for part one, but on the review videos David mantion super annotated questions from Tuckman. I do not believe I saw these anywhere.

Are they avaiable or are they mixed in with everything else?

Thanks again,
Mike

 

[David Harper CFA FRM]

Mike,

The prior are mixed in to the super-annoted samples, I think. But, I am currently on Tuckman with a fresh set; we publish today a totally fresh set on Chapters 1 & 2 ending with http://forum.bionicturtle.com/threads/l1-t4-14-yield-to-maturity-ytm.4940/

then after Thanksgiving I resume Tuckman at the next chapter with totally fresh questions. Thanks, David

 

[wrongsaidfred]

Thank you!

Mike

 

[wrongsaidfred]

I think there is an error in one of the problems in the video. It might just be a typo but I want to make sure I am not doing anything really dumb. In the bond question (slide 40) you have the spot rates as 0.5, 1, 1.5 and 2%, and then on the next slide they are 1, 2, 3 and 4%.

Also, in the next question (slide 42) about finding the forward rate from the list of swap rates it is assumed that the swap rates are annually compounded but it never actually says it. Are swap rates just assumed to be annual or should the question explicitly say what compunding convention we need to use?

Thanks again,
Mike

 

[David Harper CFA FRM]

Mike,

On both 40 & 41,
I see Spot Rate Curve =
1% @ 0.5 years
2% @ 1.0 years
3% @ 1.5 years
4% @ 2.0 years

Re: swap rates: as discussed (and explicitly with GARP), annual is not the default assumption. The question must specify (although typical will be semi-annual, continuous or annual)

Thanks, David

 

[wrongsaidfred]

My appologies. Must have been staring at the screen too long.

Thanks,
Mike