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CT1 September 2015

A

am123

Member
Hi,

There was a question on spot/forward rates in the paper.
There was a part of the question which looked for the definition (and calculation) of the price of a zero coupon bond using the rate information available. However, in my calculation in this part I unfortunately used coupon payments in calcs, as opposed to just the spot rate for the length of time. Would I get any marks at all?
 
How did everyone find the last question on payback period/IRR? 26 marks was a lot for it. Also question 7 on the bonds was hard I thought..
 
Personally found the 26 mark one alright, none of the calculations involved were too tricky. The only thing I didn't like about the paper was the amount of trial and error required (bit more than is usually required, perhaps?).

The bond question was ok, I thought. A bit fiddly though.
 
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am123 said:
Hi,

There was a question on spot/forward rates in the paper.
There was a part of the question which looked for the definition (and calculation) of the price of a zero coupon bond using the rate information available. However, in my calculation in this part I unfortunately used coupon payments in calcs, as opposed to just the spot rate for the length of time. Would I get any marks at all?
Click to expand...

Which no. Q are you referring to? 6?
 
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I find Q7 to be very annoying and tricky. For Q8, I never understood DPBP from the outset, so I was kind of stuck on it. My fingers are crossed til Dec.

Who is preparing for CT 2 & 3.
 
passing(?)

Overall the paper had gone well but due to timing I couldn't do much of the last question at all... I feel I am around 60/61marks on the paper.... But I feel as though because I haven't answered the final question hardly at all that I may be disadvantaged in the eyes of the examiner... Is it simply a case of gaining enough marks to pass? Or does missing one question mean pitfall of failure?
 
am123 said:
Hi,

There was a question on spot/forward rates in the paper.
There was a part of the question which looked for the definition (and calculation) of the price of a zero coupon bond using the rate information available. However, in my calculation in this part I unfortunately used coupon payments in calcs, as opposed to just the spot rate for the length of time. Would I get any marks at all?
Click to expand...

This was question 6. I'm not quite sure which part you're referring to - the paper is up on the Profession's website so if you have a look and let me know I'll be able to tell you.
 
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