LOS says “discuss”. guessing i don’t have to understand the calculations in schweser. wanted to know if anyone ever saw one of these type calculations for contingent immunization on an old test
Looks like one of those problems that could show up in a multiple choice. Pretty basic calculations, so wouldn’t be surprised.
dpcfa, At level 3, the command words are a little less revealing than the other two levels. I got burned last year on the pension Wacc question as the LOS said discuss, but there was the calculation on the exam.