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Agree on the swaps question....I was pleased when I saw it initially, as I had swaps down...no problem I thought, an easy 3 points in the bag!......
I read and re read, to make sure I thought I understood how they thought I might interpret the question,,calculated,, read it again and could not get a sensible number to match.

To be honest, that is what disappoints me with this process, because in the real world, you would have a responsibility to make sure you understood the data before you processed it, otherwise you would have no basis to believe in your answer.

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ok just to clarify....are u guys saying that the whole set of qns was wrong? or only 1/6?

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i too thought one of the questions was such that no matter what you did , you could not get answer amongst the 3 choices given.

meshed

its 1/6 i think. the 1st part was easy, the 2nd part may have been wrong as has been discussed above.

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Are you talking about the very last question? There was no error with that one.

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I recall only one question where both rates were given. The initial swap rate as well as the current one and I got an answer that was very close to one of the choices.

4 x 70k = what? I am drawing a blank on my multiplication skills

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