I am going over all of these questions I missed on the mock and I am noticing a lot of errors. For instance with all of those swaps they list the first set of rates with 45 135,225, and 315 days then on exhibit 2 they say it is 45 days later and do the regular 90, 180, 270, 360 I used all of the wrong rates because I took those figures literally. When I took the test I thought wow that is a tough way of doing this and then didn’t use the last rate of 360 since it was 45 days later so 270 would be the last payment. I am pretty upset about it because I would have gotten all of those problems correct had the tables been in the correct order. I haven’t seen a lot of other posts about this. Did this throw off anyone else? I can’t imagine they would expect us to realize the tables were backwards. The sad thing is they are in the correct order on the answer sheet Also on the equity section- I had started to calculate ROE using the financial data then noticed it was given in the vignette then later mised a problem because they wanted you to calculate it. Why would you calc if it is given in the vignette. I am just venting a bit but I surely hope the actual exam is not going to be fillled with these things. I am still going over bad answers so who knows what else I will find.
Cfai published mock errata
Thanks! I just found it. I couldn’t find it last night under the errata page. They should have put it both places!
nevermind
can someone post the link to mock errata? cant find it. thanks
i find them to be pretty sloppy about somethings actually, this is just another example
I can’t believe the errors they made. All those questions they made errors I did and to think I am suppose to believe what they right on the exam.
I actually just came here to post this…got so confused when I looked at the answers compared to what I had, then I realized they screwed up that whole vignette for the morning session swaps. As long as you have the calculation steps right I guess that’s what matters, but stinks that they couldn’t catch an error as simple as that.
I also thought that it was bs that they didnt say that the risk free rate was annualized on the afternoon session in the derivatives questions. I specifically looked for this because the AM libor questions stated annualized rates, so i didnt divide by 180/360 & 90/360. Missed 2 q’s because of that.
looks like they didn’t fix the first set of swap rates on the errata. it should have been 90,180,270,360
would anyone know why the solutions for #17 CFA Mock 2011 AM, CFAI started discounting from Year 2 instead of Year 3?