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Hi All, I also felt it was fair, not too challenging but not too easy. Actually, it was pleasant not having to deal with a heavy dose of certain pricing and hedging topic’s, we are familiar with and I will not mention specifically, that I was sure would appear. Overall, the calculation questions seemed reasonable; more straight forward than I have experienced in past sittings for ERM and other exams.
The premise of the PRNG question was odd. Had issues with second part of that question trying to line up timing of CF’s. Btw, did anyone else have the unfortunate realization that MMULT function in excel was disabled (i.e. it only produced R1C1 of resulting matrix). That was annoying to say the least. Also the shortcut CTRL+B was not working to bold text and this wasn’t on the list of disabled shortcuts. Anyone else notice any excel issues?
Totally not confident with the question with all the charts/graphs. Definitely overthought this one. Anyone else have tough time trying to determine what conclusions they expected us to draw from this, or even what particular chapter in source material they were hinting at here? Definitely started falling down the rabbit hole of overthinking on this one. (i.e. there is a lot to take away from the graphs but I doubt they expected us to analyze the data so intently). I think for that question I had least confident with my responses.
p.s.
Before taking this exam I had actually noticed a trend over the first four sittings where each of the past exams had # tested topics increased from the prior(see attached.png). It seems exam writers are attempting to get more clever with preparing questions that bring in more varied source material for a particular response. Curious have others noticed this trend over past few years as well? If so, your thoughts? Definitely seems to add a level of challenge but also could add level of subjectivity which could be good and bad. For example, sometimes its useful to pull support from various related sources rather than just a verbose listing of bullets but then sometimes may not be straight forward what they are really hinting at or expecting from a particular question. Seemed the latter for that question with the graphs/charts.
