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Sept 08

T

The AA

Member
How did people find it?

I thought some Q's were okish but others were very difficult eg equity guaramtee question (despite coming from B&R), trinomial and CDS.

Again the pass mak I believe will be close to 50% or below!
 
I've seen worse but could have been better. That trinomial question was hard. Really struggled with time - what approach do you take - leave out a few questions that are harder or try and answer them all but not necessarily with the level of detail you would like?
 
A weird one, definitely didn't think it was as bad as some of the recent papers but under exam pressure I struggled to get everything down as well as I'd have liked.

Equity guarantee question reminded me of an old CT8 question - buy puts and sell calls, price is the difference?
 
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