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Thank you. I'll see if this helps me understand some of the points made (which I'm sure it will).
Hi, I came across a question in the CMP on with profits management and there were a number of points about policy increments. I've not come across...
Hi David Many thanks for the response. That is clear, my gut feeling it was something to do with timing of cashflows.
Please can someone help me understand why there are two different versions of the TWRR being used? In the core reading I can see the cashflows are...
Hi Joe Thanks for the help and the detailed response regarding the intrinsic values. It turns out that I am following that exactly as you have...
Hi, Can someone explain what I am missing here? Unfortunately I don't know how to attach any images. I am referring to question 23.3 in the CMP...
Thanks Joe. I'd hope that you'd still get well rewarded marking wise if you clearly stated what you're assuming and that's not what the examiner...
Hi I'm am little stuck on pricing the acted bond option question. The question is a section in Online Classroom. The issue I have is not...
Sure, completely agree with what you've said. Thanks for the reply.
Does anyone know if using the Excel functionality for doing a chi-squared test is acceptable for the exam when validating data? The function I am...
Hi In the revision books, the answer for this question says that it is assumed that the non-unit reserves do not increase with interest. Firstly,...
I appealed my 1 mark CP1 fail last year after I was unable to receive my mitigating circumstances evidence in time due to Covid. Not only was I...
I have now sat both CP1 and CP2. I will be re-sitting CP1 this April and I have decided against sitting it with CP2. The reason being is that...
No, different exam which I didn't get it unfortunately.
Ah, you may be right. It is no longer working for me.
I'm at the same position now, cleared the CTs and struggling to get through the ones beyond those. I am this close to packing actuarial up too. If...
Mine was 204
Get the link to your last results letter, and then try changing the 3 digit code by increments of 1. Mine was 202, and changed it 204 gave me the...
I agree, Paper A was so time pressured. There were a number of questions I just had to move on from which was annoying given I thought most of the...
I found Paper super time pressured. The run-off triangles took ages to do in word and it felt strange that they did not ask this in paper B. I...
Hi Joe, Thanks for confirming all of the details. They were very helpful (panic over!). :)
Hi I am struggling with some of the concepts for a discrete variable with question 1, part (c) of part (ii). Here we are asked to find the 95%...
I too failed CP1 by 1 mark. I've requested a SAR to see whether there are any marking discrepancies otherwise we go again. I recommend you do so...
Thanks Gresham! Managed to figure it out in the end, but do appreciate how you've laid the calculation steps out - certainly been helpful.
Hi I think I am missing some key bits of information to answer these questions. Can someone please go through how you get the answers? Questions...
Hi Simon, thanks for the quick response - much appreciated. The joining instructions ended up in my junk mail, so encourage others to take a look...
Hi From what I understand, the CP3 advanced material is usually released 3 days prior to the exam. I just want to check that this hasn't been...
Hi, Can anyone help me understand the difference between a T-Bill and a government bond when trying to increase the money supply? My understanding...
I'm in the same boat. This was a re-sit and the first time I sat it the pass mark was also 60 and a pass rate of 32%. Most other sittings have had...
I'm disappointed with the wording of this question. I feel that you cant just suggest you are confident that the rights issue will increase the...
Hi, Can somebody please explain why the answer to this is D? I understand WACC and how to calculate the net cost of debt, but struggling to apply...
Perfect, thank you for clarifying that. My guess is it explicitly stated somewhere. Cheers.
Can someone clear up what log base we should he using in the Black Scholes formula? E.g. I could not reconcile my results with Question 15.5 in...
Hi - that is really helpful, and you've explained it perfectly. It turns out I managed to get to the same solution after all. Not quite sure why I...
Hi I've got my head around the basic forward pricing using the no arbitrage assumption and replicating portfolios, however I am missing some basic...
