troymo

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.

ppls

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

zephyranalyst

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.

defour44

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

MiniMe7

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