Ques. No Longer on Syllabus

[Cracktuary]

I always leech off of these threads for each sitting, so I figured I'd finally contribute one!

Goldfard lists past exam questions by topic at the end of his manual. Based on his list, the following questions do not map to any current topics:

2000:

3, 9-11, 19, 21, 33-38, 41, 42

2001:

8, 12, 13, 22, 24, 33-41, 43, 48

2002:

5, 6, 8, 9, 14, 19, 20, 25, 32, 33, 36, 39

2003:

28

2004:

40, 41

2005:

13, 45

I haven't actually gone through any of the exams yet, so I can't vouch whether his list is perfect or not. Please send along any comments if you find additional ones to omit, or think that some of these are still testable!!

[ClashCityRocker]

Is 2004 #1 on the syllabus still?

[Super Silver Haze]

Is 2004 #1 on the syllabus still?
That question is based on material from section 2.4 of BKM, but seeing as how they're not testing all of BKM chapter 2 (and I just realized that now which should give you some idea of how on top of things I am), I guess it's not on there.

[Cracktuary]

Just out of curiousity, how applicaple / inapplicable do you think the older exams (i.e. 2000 - 2002 ish) are in general to this sitting???

The Arlie Proctor posting about changes to question styles said that exam #9 is the "most evolved", so where does 8 fall? In general I've found when studying for 6 & 7 that the questions have been trending away from lists, and more towards open ended style (which pretty much agrees with Arlie's summation).

Just was curious if anyone had any strong opinion that there's been a significant change already over the past several years for exam #8, or if we can expect the same kind of calculation type questions this year (with some open ended ones thrown in as well).

[SareBear]

I've gone through the 2005 and 2006 exam and here's what I got:

2005: 1, 2, 13, 24, 42, 45

2006: 2, 3

I'll be doing 2003 and 2004 over the weekend. Cracktuary, I would recommend sticking with 2003-2006 rather than going back to 2000-2002. A lot of the readings have changed since 2002. I also read several of the questions from 2001 and 2002 exams were defective or had multiple interpretations...

Good luck!

[Cracktuary]

Thanks for the rec.

I just finished 2002 today. I basically look at the older exams as a bank of questions (once I've determined which are N/A), and start to focus more on the more recent ones as I get to them.

So far, so good....although I still have a load to memorize / refresh myself on!!!!!

[Purple Princess]

:bump:

[chic squirrel]

[QUOTE=Cracktuary;2017732]

Goldfard lists past exam questions by topic at the end of his manual.

Where did you find this?I only see selective questions listed by section.

thanks

[Purple Princess]

Goldfard lists past exam questions by topic at the end of his manual.

Where did you find this?I only see selective questions listed by section.

thanks

Well I have the 2007 Goldfarb but on page 488 he has a list of Old Exam questions by reading (right before the solutions to old exams).

[chic squirrel]

thanks...I was expecting to see the actual questions listed so missed that 1 page.Something is better than nothing I guess.

[laurisssa]

I went through Goldfarb's solutions and updated the list. Note he often still shows the solution because a portion of the question could still be asked.

2000: 3, 9-11, 19, 21, 33-38, 41, 42

2001: 1ab, 5, 8, 12, 13, 20a, 21, 22, 24, 32a, 33-41, 43, 48

2002: 3-6, 8, 9, 14, 19, 20, 25, 32, 33, 36, 39

2003: 1, 28, 33

2004: 1, 34, 40, 41

2005: 1, 2, 13, 17a, 24, 42, 45

2006: 2, 3

[Purple Princess]

2000: 3, 9-11, 19, 21, 33-38, 41, 42


I just did the 2000 exam. Based on what I saw, I would update the 2000 list to:
9-11, 18b), 21, 33-38, 41-43
Questions 2, 3 and 19 might seem like they're not on the syllabus but can still be done.

[Purple Princess]

2001: 1ab, 5, 8, 12, 13, 20a, 21, 22, 24, 32a, 33-41, 43, 48

Here is my list for 2001:
1ab, 5, 8, 9, 12, 20ac, 21, 22bc, 24, 33-38, 40, 41, 43, 48

Questions not really on the syllabus but still worth a shot:
2, 11a, 13, 32a, 39

[Purple Princess]

2002: 3-6, 8, 9, 14, 19, 20, 25, 32, 33, 36, 39


I generally agree with this list though I think we can still do #s 5 and 20 and we can't actually answer 35c entirely.

[DrNO811]

2005: 1, 2, 13, 17a, 24, 42, 45


We should still know and understand the concepts behind number 13. I don't think they'd ask a calculation question like this again because you have to make a lot of assumptions, but this concept is still on the syllabus.

Are 3b and 3c still on the syllabus?

[Purple Princess]

I generally agree with this list though I think we can still do #s 5 and 20 and we can't actually answer 35c entirely.

It turns out #10 and 13 are not on the syllabus either for the 2002 exam. #10 comes from Appendix 6A in the old version of BKM, and #13 comes from appendix 8C in the old version of BKM. Both these sections have disappeared in the new version.

[Purple Princess]

2003: 1, 28, 33

My list for 2003 would be 1, 28, 33, 40 and 49.

[DrNO811]

According to All10, there were only 79 points on the 2007 exam that they considered to be from a particular paper. Does anyone think that there was a 1 point question that's no longer covered by the current material?

[Purple Princess]

2004: 1, 34, 40, 41

2005: 1, 2, 13, 17a, 24, 42, 45

I agree with the 2004 list. For 2005 I don't see how we can do 17b either. 13 is possible though using logic.

[Purple Princess]

According to All10, there were only 79 points on the 2007 exam that they considered to be from a particular paper. Does anyone think that there was a 1 point question that's no longer covered by the current material?

Yes, I think it was #3.

[DrNO811]

I hope you're right on that, but I think that can be answered with concepts from the discussion of risk pooling vs. risk sharing. (can't remember which paper that is)

[Purple Princess]

Maybe it can, I am not sure.

Though when I read the answer, it reminded me of the discussion in Hull Chapter 13 on the distribution of total return (over a period of several years) vs annual return.

The distribution of total return was normal with SD = sigma * sqrt(T).
The distribution of annual return was normal with SD = sigma / sqrt(T).

That means that the variance of total return increases with time but the variance of annual return decreases with time.

So in that sense they can ask about it on the exam, but I doubt that they would call it "time diversification".

[Harbinger]

2005: 1, 2, 13, 17a, 24, 42, 45

# 16 too?

I don't remember anything about a z-score in Altman's paper.

[Harbinger]

2004: 1, 34, 40, 41

I'd say 35 as well

[Da Bears!]

# 16 too?

I don't remember anything about a z-score in Altman's paper.

Nor do I

[great3981]

# 16 too?

I don't remember anything about a z-score in Altman's paper.

Just to piss us off, it isn't in Altman's paper.

BKM Chapter 14, page 481-483.

The question as written in 2005 is testable...

[KidCA]

I agree with the 2004 list. For 2005 I don't see how we can do 17b either. 13 is possible though using logic.

The 2005 17a and 17b were almost exactly the same as a question on this year's exam. Too bad I thought they were no longer valid :/ Is it?

I used the approximation h = S/(1-R), but I guess I was supposed to use the Q(t) formulas? They could be used since they worded the default to be from year 2 to 4

[chic squirrel]

I thought this wasn't on the syllabus either so I skipped it while doing the practice tests.

[AaronBeh]

Me too... Goldfarb's notes said they weren't on it. I did the problem once a while ago and can't see why it shouldn't be on.

[Kamcio]

I used the approximation h = S/(1-R), but I guess I was supposed to use the Q(t) formulas? They could be used since they worded the default to be from year 2 to 4


I used the same approximation... for a simple reason though - this approach is so much faster!!! It's as if a CEO asked: so what is our RAROC? Instead of saying: "let me sweat a bit and build a nice and fancy model for you", we say "oh, it would likely take me a day to get you a more accurate answer but the ballpark is: XXX". Both the CEO and us would go our ways happy...

how about the graders? ;) what will they do?