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  #21  
Old 05-05-2017, 08:42 PM
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Colonel Smoothie Colonel Smoothie is offline
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This is the first time I've ever not seen people swarming the forums checking to see what everyone else got.
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  #22  
Old 05-05-2017, 09:20 PM
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I don't really remember the answers to a lot of the questions. I didn't feel like the IQ was too bad. I finished with a lot of time to spare. The only problem I had difficulty on was the TIPS question.
what the heck is TIPS?
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  #23  
Old 05-05-2017, 09:32 PM
el_zilcho el_zilcho is offline
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Inflation indexed bond
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  #24  
Old 05-05-2017, 09:36 PM
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The exam length is certainly longer than most of the past paper, but fair.

Wrote too much for most of the 0.5 - 1.0 point question, ended up have not enough time to spend on Q27.

Totally have no idea for TIPS nominal return. And Q27, are we expected to make the aggregate distribution of joint loss no determine the capital requirement after pooling? 5*5 = 25 scenario? No idea.

Overall I think I do quite Ok. Should be a Pass if there is no careless mistake here and there.

The number of candidate for this intake is so few in my area.
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  #25  
Old 05-05-2017, 09:58 PM
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That was a surprisingly fair exam. I felt adequately prepared.

What did you guys get on the Ferari question? I calculated a 13% ROS but the variance was super low and ended up with a y* of like 11.7! I think the answer would have made more sense if the standard deviations were really variances.
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  #26  
Old 05-05-2017, 09:59 PM
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I also got 35% on the IRR question. I only checked that answer like 8 different ways before I was satisfied.
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  #27  
Old 05-05-2017, 10:00 PM
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I got something close to 50% on the Ferrari allocation.
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  #28  
Old 05-05-2017, 10:14 PM
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Inflation indexed bond
Thanks. Yeah that one's in the miss column for me.
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  #29  
Old 05-05-2017, 10:26 PM
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That was a surprisingly fair exam. I felt adequately prepared.

What did you guys get on the Ferari question? I calculated a 13% ROS but the variance was super low and ended up with a y* of like 11.7! I think the answer would have made more sense if the standard deviations were really variances.
I also got a ridiculously high y*, but not that high. Closer to 5. I also got a low variance.
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Last edited by Colonel Smoothie; 05-05-2017 at 10:31 PM..
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  #30  
Old 05-05-2017, 10:28 PM
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Very similar feelings here. Actually thought the CAS wrote a half-decent exam for once. Had no idea on the TIPS question. Got 35% on IRR as well and got 51% on Ferrari.

Thought there were a number of half point part b's and c's that basically required you to say 'Invest because RAROC>COC' or 'Leave line because RAROC<COC' Thought that was weird.

I expect to pass unless pass mark is over 75% or I screwed up a large # of computations...
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