Not one EOC question on interest rate options, or caps, or floors, or collars, or delta hedging…34 pages worth of material and not one EOC? I find that rather odd…
and getting thru these 34 pages is brutal.
I agree, EOC’s at level 3 leaves you to question what is really important. The lack of included practice material is a problem with level 3. The well prepaired candidate will need to use more than just EOC’s, I think I’ve done the blue box examples for the interest rate option EAR about 5 times already. I wish I could do a different one, but there are just not that many out there. I don’t think I’ve come across a different cap,floor, or collar question than what’s in the book example, ever.