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Fixed in. quest. from lev. 2 2006 exam

I posted this on the level II board and recived no hits. So I am asking the question here to those who sat and have moved on…

I have started reading the Fixed Income material and thought back to the level 2 exam in june. I remember a of vignette that presented a formula. The questions asked related to the formula. I am drawing a complete blank on what types of questions they asked and the formula presented. I know the exact questions cant be repeted here, however I am looking for the style and direction of the questions.

Any help would be appreciated.

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If you mean the 2007 exam, the formula they showed related to valuing an equity swap, I believe, and you just had to plug and chug.

2007 is correct.

Thanks and will focus there.