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.
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.