I thought the exam was a medium in terms of difficulty. Much more confusing questions than Schweser practice test, but overall manageable. All the questions you mention sound familiar to me so far. I was also quite lost about super specific questinos on bond specificalities, like the poison call.... There was also a question about high yield corporate debt, where I was choosing between extendible coupon and ... fell out of my memory. Questions are definitely in a different sequence, because when I looked at my neighbours answer pattern i was shocked to see how different it was. I was thinking either she totally failed, or I did. But apparently thats because of the mix up. On GDP and interest rates APT question, I also think I answered C, i just plugged in the given variables first to find the risk free and then I calculated for each option if the return was positive and it was only for C I think. A few more other questions that I remember are:
on Allied irish bank and Barings, what they had in common . the right answer was that they both hid their fraud by creating fictious trades.
then there was a question on the convexity adjustment between forwards and futures. I calculated the adjustement right, but instead of choosing subtracting it, i addded.. So that one I got wrong.
a swap between USD and GBP. I dindt have time to calculate it but picked -2.
Then a question about the long commodity holder can do upon maturity of the contract, i either put compromise on the delivery site with the short or check the quality of the commodity
Also there was a Bayes law example, where you had three scernarios for interest rates given the state of the economy ( as I remember it). I calculated it but my answer wasnt a choice so i picked 48%, the closest one
Overall I thought that there were more qualitative questions than expected, and if there were calculations they were quite lengthy.
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