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Same boat…I practised all the EOCs from the back the night before and still wasn’t able to decipher those questiions! That would be the diff. between passing or failing.
Well, it’s probably just you two.
Don’t forget it’s not allowed to discuss the contents of the exam. The other year there were some guys who had their tests revoked for recalling and deciphering questions and exam content on this very board, and I believe there was a full-blown PGP investigation too. Don’t remember the details, though, but maybe someone else does?
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I’m pretty sure you guys are NOT alone on this. Derivatives happens to be one of my strongest areas, but I still found most of the Derivatives questions to be quite extensive and time-consuming.
Derivatives was one of my strongest as well and i guessed about 60% of derivatives. the way they worded those questions wasn’t fair at all.
I guessed one 
I was surprised it wasn’t harder.
I guessed 90% of derivatives. Who is in the same boat?
90% of us all?
wawa, you are incorrect. I believe a lot of guessing was done in that section.
i am also in the same boat…though i found am easier than pm
Not gonna go into the specific details but derivatives is harrd. It was my strongest area in the mocks but it was also the darn hardest. Every answer felt like a semi-guess. How on earth I got every answer correct is beyond me 
Same here. I felt really good about derivatives. And I thought Quant was surprisingly basic! - 2 topics that I didn’t feel overly great about… but I did study both the day before the exam, knowing that my retention on those topics is low…
There goes that feeling of “I must’ve missed something”… ahaha I have to stay off this board or else I will go mad…
I have a Windows 7 gadget on my desktop that has a countdown until exam results… really depressing, I’m going to take it down, lol…
Looks like most ppl here are on a smiliar consensus. I posted a question about whether CFAI prepares candidates for the exam. Please check it out and post feedback.
http://www.analystforum.com/forums/cfa-forums/cfa-level-ii-forum/91313422
I thought I accurately answered 4/6 on the AM session, but only accurately answered 2/6 during the PM session.
If I guessed 33% correctly (which almost never happens, I’m a terrible guesser), I could live with 67%, but that’s probably going to end up as a less than 60% section.
I crushed derivs in all of the practice tests, but these made my jaw drop. I got beat down pretty badly. Every year they take an easy section and twist it. We got 4 this year with Ethics, FI, Equtiy and Dervis 
Sometimes I wonder if I even took the same exam as some of you guys. To be brutally honest, I thought derivatives was one of the easiest parts of the exam (and I don’t work with derivatives in my business).
I have to say that I did spend some time getting really comfortable with derivatives prior to the exam, but I expected much more complex questions than what was offered on the real exam.
It is an intimidating subject to study, I have to say, but once you really get down and dirty with it, and you accept that you need to make an effort to understand it, it becomes really simple. When I wrote L2 for the first time, I almost skipped studying derivatives because I felt it would require too much time to get comfortable with them, felt the marginal effort would be put to better use elsewhere. This year I bit the bullet and was surprised that it didn’t even take that much time to get really comfortable with them…
Being comfortable with derivatives at Level II is important since they have an even larger weighting in Level III if I recall correctly.
41 days, 23 hours until results email
Ok first what day is the results? Tuesday has always been results day which would be the 24th.
Second I’ll admit I’m used to putting things in neat boxes for derivatives. The questions in Schweser/ Mock were simple, calculate rate using 1- z 4/ (sum of zs), calculate price after 30 days, calculate fixed payments. Obviously the first was asked (1/12 for me !!!), and perhaps I didn’t know how to set them up but I found derivs vastly more challenging. I had no idea how to set up the problems. They were nearly all math based so if you didn’t no how to set them up you were screwed. I drilled derivs, watched ANdy Holmes lecture 3 times, and was uber confident going in for at least a 10/12 like i got on the mocks. This was just weird, perhaps it was just an off day for me.
nvestn you clearly passed, so good for you, the rest of us failers, lets get ready and start drilling derivs and operating leases come September! I will pass in 2013!
MissCleo !You’ll pass!
I could not agree more with you!
Most likely most of the questions were not that difficult, but the way that they were presented was very confusing…
I have an MBA in finance and derivatives is usually my easiest topic… still I agree that for the majority the wording would have been challenging and not just simple plugins… It really made you to have to think things through!!