I thought it was pretty tough. I would say that the Spring 2020, Fall 2020 and this exam were all about the same difficulty, that is, pretty hard. There were some parts that I thought I did really well on and others that I felt horrible about.
Parts I didn’t feel good about: some of the CARVM calcs, some of the Economic capital critiques, the intangible assets question. But also in general there were a lot of really tough critique questions.