AM Exam Answers
I notice that in the answer explanations they sometimes explain a definition in the answer. For example, they provide you with a list of options and then ask which you would use to create a cashless collar position. If you answer the question and just provide the combinations of options that would create the collar and don’t explain what a collar is - does that mean you won’t receive full credit?
Also, if you need to calculate something using a formula - should you write out the basic formula without numbers from the example first and then plug in the numbers? Would you then be more likely to receive partial credit because you fully explained that you’re using the correct formula?
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