I found the exam pretty hard. I agree with ami44 that a lot of the material was not mentioned such as the Merton model, no SAR, not much on securitization and not much on IR models from Tuckman. A lot of tricky qualitative questions with no clear cut answers. Full coverage (I think possibly 8 questions) on current issues (albeit these questions were not difficult). Out of 80 questions, I think I am sure on 45, was between 2 answers on 34 and 1 was a wild guess. Doesn't sound great, but not too bad either. I'll have to wait and see.
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