jmychasi Wrote: ------------------------------------------------------- > all i remember on that one was trying to > incorporate all three…the floating duration on > the swap, the fixed druration on the swap, and the > floating duration on the loan…but when you > added the floating duration and subtracted the > fixed duration, the answer wasn’t on there…so i > went with 0.71 which was technically just using > the swap only. I am pretty sure there was an answer for .95???
L2 Candidate Wrote: ------------------------------------------------------- > jmychasi Wrote: > -------------------------------------------------- > ----- > > all i remember on that one was trying to > > incorporate all three…the floating duration > on > > the swap, the fixed druration on the swap, and > the > > floating duration on the loan…but when you > > added the floating duration and subtracted the > > fixed duration, the answer wasn’t on there…so > i > > went with 0.71 which was technically just using > > the swap only. > > > I am pretty sure there was an answer for .95??? That’s what I put.
I could not agree more. 30 minutes more in the AM, 30 less PM.
i finished the PM in an hour and a half. the am i finished in 2:45 (and that was with me rushing thu it). ridiculous.
Anyone remember the minutes (points) for the last 2 questions?
9 + 9, I heard the 15min announcement and I turn to the first page to find out, in fact the last three are all 9
thanks, a bit relieved, i left them all blank…
I agree and the sad thing is that the last two were quite easy. I did manage to get through all of them but only after deciding to skipping one of the earlier questions.
martinlu Wrote: ------------------------------------------------------- > thanks, a bit relieved, i left them all blank… > I did first five questions very nicely (I think)… did small part of market execution question and a small part related to VAR before I ran out of time… you are golden if you just left last three in AM and did well in PM.
what was the “non VAR” one
how many points for VWAP, impl sf??
itstoohot Wrote: ------------------------------------------------------- > how many points for VWAP, impl sf?? I think 14 total. First part was 6 and then the last two where you had to decide which one should use VWAP and which one should use Imp. Shortfall were 4 pts each.
ok so if it trades evenly throughout the day and small compared to volume use VWAP or the other way around? I got vwap for the first and implementation shortfall for the second though I had zero confidence in it.
? I thought you had to pick which trades were better from VWAP 1st, then imp. SF next? …also, if definitely bombed the reverse cash-carry question…thank god it was a small point value…
LOL i was so scrambled at the end i didnt even realize it was a “reverse cash carry” i completely mismnaged by time…i think i did well on 75% of the AM but definately screwed myself on time at the end though.
on another note did it seem like the counterparty always bore the risk
Do you guys get these feelings in a particular order> Overconfidence Loss aversion Representativeness or Representativeness Loss Aversion Overconfidence or something else?
ChiTownShane Wrote: ------------------------------------------------------- > Do you guys get these feelings in a particular > order> > > Overconfidence > Loss aversion > Representativeness > > or > > Representativeness > Loss Aversion > Overconfidence > > or something else? I dont think the middle one was an option…
I had two overconfidence, di we need on different for each ?
i think i got overconfidence loss aversion and representiveness but i’m not sure.