CFAI Sample Exam #2

kabhii Wrote: ------------------------------------------------------- > Done with the 3 sample exams…so my running > total: > > Sample 1 - 90% > Sample 2 - 76.67% > Sample 3 - 93.33% ( I think for one of the > question related to parity relationship the answer > was wrong.) WTF. I dont stand anywhere in Competition

Can you please not take this exam? Thank you. =)

kabhii Wrote: ------------------------------------------------------- > Done with the 3 sample exams…so my running > total: > > Sample 1 - 90% > Sample 2 - 76.67% > Sample 3 - 93.33% ( I think for one of the > question related to parity relationship the answer > was wrong.) I am going crazy looking at the scores… finally we have plyon Jr here…

damn kabhii… you need to go on vacation…

mumukada Wrote: ------------------------------------------------------- > aaaah ! of course…how silly of me…thanks > mcleod81 … > > just took Book 6 Exam 2 AM - 83% > > feeling much better … but dunno how long this’ll > last!! Mumu - 85% on Schweser, I think you are all set to attempt the optional 60 questions too (apart from getting those 120 correct)

kabhii Wrote: ------------------------------------------------------- > Done with the 3 sample exams…so my running > total: > > Sample 1 - 90% > Sample 2 - 76.67% > Sample 3 - 93.33% ( I think for one of the > question related to parity relationship the answer > was wrong.) Dude.

Just got a 63% on sample exam 2. I felt way better than the score reflected. The one ethics question that people disagree with the answer I got wrong, and another I answered before reading the whole vignette which didn’t help. Then my 33% on the IPS questions solidified the fail. I’m thinking without the online format and my eyes going crossed from reading computer screens all day I would have definately pulled it off. Plus on the IPS question I went against all logic and chose A instead of C, despite being unsure between the two. C would have served me better, I should’ve known. For the next sample I’ll definately slow down, I could have used way more time and done better but that count down was intimidating me in the early going! I hope that if a FRA question comes up on the exam, it’s the exact one on the sample, super easy!!

mwvt9 Wrote: ------------------------------------------------------- > kabhii Wrote: > -------------------------------------------------- > ----- > > Done with the 3 sample exams…so my running > > total: > > > > Sample 1 - 90% > > Sample 2 - 76.67% > > Sample 3 - 93.33% ( I think for one of the > > question related to parity relationship the > answer > > was wrong.) > > > Dude. He will be the one bringing up the curve…and I will bring it right down

seriously. we have to find kahbi and pull a tanya harding like attack on his calculator on test day with a steel pipe.

kahbi, where are you taking the exam? how tall are you? Male or female? color of hair? Any tattoos or other identifying marks?

clipper1 Wrote: ------------------------------------------------------- > kahbi, where are you taking the exam? how tall are > you? Male or female? color of hair? Any tattoos or > other identifying marks? Singapore, 5-8, Male, Black, none :slight_smile:

For the one forward question regarding the credit risk, does anyone remember it saying that Speckley was short the Euro forward or what the question said to imply that.

wandering, I was pissed at that q as well, didn’t see anything of that nature.

>>For the one forward question regarding the credit risk, does anyone remember it saying >>that Speckley was short the Euro forward or what the question said to imply that. he needs to sell euro and buy dollars - so he will be short on the Eur contract he needs to buy FBK - so he will be long on FBK.

He was going to receive about 10 million Euros in 180 days and needed to lock into the conversion rate by selling a Euro forward

this is the 360 day contract - when he sells EUR to buy USD.

Because he had to hold the Euros in a trust for another 180 days before converting them…

he will still have to sell eur at end of 360 days right?

He goes short (sells) euro forward contract for 360 days out, so the long side of the forward will have to buy euros from him at the forward rate in 360 days. He will conveniently also have the 10 million or so euros which he wants to convert in 360 days, so he delivers them to the long at the forward rate upon the contract expiration.

right! I think we are on the same side.