Quote:
Originally Posted by vo0d0o15
I saw the same question. It was my first one and set me up to be in a really annoyed mood for 3 hours. I didn't even bother attempting it untill 20 minutes left.

I didn't get that one but my first question was one that required the greeks so I can empathize with your frustration. It's one of the worst ways to start.
Out of all of the questions, the tenperiod binomial tree problem I got was the only one that had me livid. It was for a European option at least so I could directly use the binomial distribution, but calculating 11 prices, their payoffs, and then the probability (with no mistakes) without a graphing calculator or spreadsheet is absurd. The SOA could have easily tested the same concept(s) with fewer periods instead of intentionally giving people a problem that long.