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Life Pricing Exam Old Individual Life & Annuities Design and Pricing Forum

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  #181  
Old 04-30-2012, 03:00 PM
DanielSong39 DanielSong39 is offline
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Originally Posted by Bballry1234 View Post
EDIT: I bought CSP materials the other day....jinx? haha
I've done the same thing; it's a silly superstition of mine.

Plus it seemed silly to kill myself with anxiety during the wait time - I might as well start studying for the next exam just in case I passed the last one.

My guess is that we did about the same; I'm thinking about 70% of the total number of points on the exam.

Probably looking at about a 7 and a comfortable pass. But not taking anything for granted.
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  #182  
Old 04-30-2012, 03:15 PM
2pac Shakur 2pac Shakur is offline
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I signed up for the taxation/regulation module.
Very easy after studying for DP.
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  #183  
Old 04-30-2012, 03:16 PM
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I signed up for the taxation/regulation module.
Very easy after studying for DP.
I think that is what I am going to do too but I would like my brain to stop hurting before I try and get something else done.
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  #184  
Old 04-30-2012, 03:40 PM
Philanthrope Philanthrope is offline
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I think that is what I am going to do too but I would like my brain to stop hurting before I try and get something else done.
Will also be doing FSA modules while I need to wait for results... If I get good news in july the end of it all will be near! Makes things even more stressful......!
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  #185  
Old 04-30-2012, 03:46 PM
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Plus modules provide a small vacation for the brain, at least the first one did.
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  #186  
Old 04-30-2012, 06:14 PM
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Bballry1234 Bballry1234 is offline
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I think that is what I am going to do too but I would like my brain to stop hurting before I try and get something else done.
I highly suggest you skip right to the end of module exercise (I only say this because you've taken DP). Even without DP, it's a joke compared to FAP.
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  #187  
Old 05-01-2012, 07:58 AM
BigFlats BigFlats is offline
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Good analysis ^

I think I got about 55 on the morning (that EIA question was my achilles heel). Now that I think about it, did anyone try using K=1.05^4 or 1.05^5 ?

I'm going to be conservative and knock off 10 pts because let's face it, I probably missed an analysis or didn't answer some things as completely as I should have.

So, I'm sitting at 45 pts. morning (which is why I think I need 20 in the afternoon to pass).

EDIT: I bought CSP materials the other day....jinx? haha
For the EIA question, the time frame you are pricing the option for is 1 year. With an annual ratchet you would buy an at-the-money call and sell a call for 5% above the strike each and every year.
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  #188  
Old 05-01-2012, 09:51 AM
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I highly suggest you skip right to the end of module exercise (I only say this because you've taken DP). Even without DP, it's a joke compared to FAP.
Might skim some of the other stuff. Definitely not planning on wasting too much time with it. I took the first module and just from experience working that one was about as useful as a wet noodle when trying to hang yourself.
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  #189  
Old 05-01-2012, 03:17 PM
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I've heard that you can't just bank on a certain number of points. They factor in a couple of other things. I guess each question is graded 1-10, and you have to pass a certain number of questions in comparison to other people.

I realize that this explanation is not very good, but that's what the proctors were saying at my exam. Perhaps someone else knows more about this.
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  #190  
Old 05-01-2012, 03:25 PM
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I've heard that you can't just bank on a certain number of points. They factor in a couple of other things. I guess each question is graded 1-10, and you have to pass a certain number of questions in comparison to other people.

I realize that this explanation is not very good, but that's what the proctors were saying at my exam. Perhaps someone else knows more about this.
It would make sense that if you get all 60 points on 5 questions and 0 points on the other 60 possible questions, and you needed 60 to pass that they would consider that as not meeting minimum requirements. There is a reason we have to sit until July waiting for results.
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