I agree with many of the things that have been said above.
i) The exam was very light on the quant side while - given the amount of material - this would typically be the part where a decently prepared FRM part 2 candidate would lie the foundation to pass the exam. In general, I felt that many...
I have a question re practice question 13.17 in Book 4.
The question deals with interpolating par yield KR01s for a 7 year bond. The KR01 are 5 and 10 years.
As a result I would expect the 5 yr KR01 weight to be 2/5 and the 10yr KR01 to be 3/5, but the answer key contains exactly...
Hi David, others,
I spotted a mistake in the answer to question 12.20 in Book 4. The convexity calculations contain 2 mistakes in one equation: 1200.15 - 1199.85 = 0.3 (instead of 1200.15 - 1195.85 = 3).