A couple of weeks ago I was tutoring a candidate from Riyadh, Saudi Arabia who had come to Southern California for a short vacation. (Some vacation: studying for Level II!)
We were working the EOCs for reading 40 and came across an error in the data for questions 8 – 16: if you use the present value factors in Exhibit 1 to calculate the 2-year swap fixed rate, you get 1.1242%, not the market rate of 1.00%.
I just heard from CFA Institute: they agree that it’s an error, they’ll post an erratum about it, and they will correct it in the 2019 curriculum.