Can somebody please tell me what are the different ways in which interest rates and day conventions be used to test us during hte exams?
i keep gettin gmyself confused on 360 vs 365 days and conpounding vs linear interpolation vs simple interest etc etc etc
If you’ve done any cfai topic wise practice you’ll notice they mention the day convention 99% of the time. When they don’t, it only makes a marginal difference - not large enough to make u choose a wrong answer just because of that.
As for linear/compounding - again, in the relevant passage there would be “continuously compounding” if they want you to use exp^(xxx)
God bless you if you are right brother !!!
I hope they dont try to go creative this particular time 
Well, if I wrong I’m sure someone will correct me - which is good for me as well
You might also find this useful http://www.analystforum.com/forums/cfa-forums/cfa-level-ii-forum/91342144
I sometimes get the day convention wrong, but the answer is very close anyway. Shootforthestars is right in saying they mention the day convention most of the time however. Remember that everything related to Libor is 360 days, and the rest is 365.