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 Foundations of CFE Exam Old Financial Economic Theory Forum

#21
04-27-2012, 03:24 PM
 mlschop Member SOA Join Date: Sep 2005 Posts: 31,823

Quote:
 Originally Posted by SelfOrgCrit How did everyone calculate the E(V)? Did you use one of those crazy formulas? And where did the margin requirements question come from in the study materials?
E(V) formula wasn't too bad if you've seen a problem like that before. It's an ugly calculation for sure...and I think I messed up my arithmetic somewhere, because my final answer looked wrong. Obviously not worth going back and redo'ing on these exams, so hopefully I get enough partial credits along the way.

Margin Req's question was pretty ridiculous imo. It's like one page in the Coherent Risk Measure paper.
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#22
04-27-2012, 03:52 PM
 gracyjoe Member SOA Join Date: Aug 2008 Location: WI Studying for anything but SOA Exams! College: UW-Whitewater Alumni Favorite beer: Samuel Adams or Spotted Cow Posts: 838

Agree! I am glad I reviewed #6 in the PAK Test Aid!!!

Everyone feel good about the call option on a bond with vasicek interest model? Pretty straight forward just a little calculation intensive.
#23
04-27-2012, 04:39 PM
 accountant Join Date: Dec 2010 Posts: 20

calculate P(0,T), but T=? 5 or 10?

It is a 5 year call in 10-year bond

Quote:
 Originally Posted by gracyjoe Agree! I am glad I reviewed #6 in the PAK Test Aid!!! Everyone feel good about the call option on a bond with vasicek interest model? Pretty straight forward just a little calculation intensive.
#24
04-27-2012, 04:44 PM
 gracyjoe Member SOA Join Date: Aug 2008 Location: WI Studying for anything but SOA Exams! College: UW-Whitewater Alumni Favorite beer: Samuel Adams or Spotted Cow Posts: 838

Quote:
 Originally Posted by accountant calculate P(0,T), but T=? 5 or 10? It is a 5 year call in 10-year bond
T=5
S=10
#25
04-27-2012, 06:30 PM
 zprime128 Member SOA Join Date: Jun 2008 Location: NJ Studying for FETE Favorite beer: Corona with lime Posts: 97

Quote:
 Originally Posted by gracyjoe Everyone feel good about the call option on a bond with vasicek interest model? Pretty straight forward just a little calculation intensive.
Do you remember what you got for that? I believe I got 16.23. No time to go back and check work though.
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#26
04-27-2012, 07:20 PM
 gracyjoe Member SOA Join Date: Aug 2008 Location: WI Studying for anything but SOA Exams! College: UW-Whitewater Alumni Favorite beer: Samuel Adams or Spotted Cow Posts: 838

That sounds familiar but I can't remember for sure. I also did not go back and check my work.
#27
05-01-2012, 09:09 AM
 Pgraham Member SOA Join Date: May 2008 Location: Pittsburgh Studying for EA-2L College: University of Pittsburgh Posts: 45

Anyone know what score (out of 120) you would expect to need to get to pass? I think I got around a 70/120 (though, I kind of ran out of time to count up the points I felt good about!), but I do not know if that score should make me feel good or not.
#28
05-01-2012, 10:20 AM
 TomTom Member SOA AAA Join Date: Jul 2008 Studying for life Posts: 256

Quote:
 Originally Posted by Pgraham Anyone know what score (out of 120) you would expect to need to get to pass? I think I got around a 70/120 (though, I kind of ran out of time to count up the points I felt good about!), but I do not know if that score should make me feel good or not.
Trying to figure out your score on these exams isn't a good exercise. Just busy yourself with other tasks between now and July.
#29
05-01-2012, 10:23 AM
 accountant Join Date: Dec 2010 Posts: 20

70-75
#30
05-01-2012, 12:01 PM
 mlschop Member SOA Join Date: Sep 2005 Posts: 31,823

Quote:
 Originally Posted by TomTom Trying to figure out your score on these exams isn't a good exercise. Just busy yourself with other tasks between now and July.
This.
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