Are you effen kidding me? Is this necessary?
This has been debated before. Fact is, 2bond hedge calcs are way easier than CFAI makes it out to be. I for one wish they’ll ask us to do it, but I have my doubts they will. LOS doesn’t say “calculate”.
I figured it out. All is good. Simple algebra.
Glad to hear. I could probably do that question in 3 mins without pen/paper. But it won’t do me any good. I wish IPS were so simple…