I was 99% sure that there was an error in a swap question towards the end of the 2009 L2 exam. I even found some random Asian guys and we all bitched about it together. Does anyone else remember this? Or were random Asian guys and I mistaken?
I know I saw an error on one question. Divulging it here might cross the CFA guidelines. I think I can safely say the answers were inverse of what they should have been. (X, Y, and Z, instead of 1/X, 1/Y, and 1/Z). I’ll submit the form. Anyone else find that problem? (I can’t remember if it was AM or PM, but it was 50 series test).
ohai:
i flat out didnt understand the problem you are talking about. i could not understand how they were explaining the information, so i literally couldnt do the problem. i tried to back into what they were presenting a couple different ways. but i was so confident that i scored well on the rest of the exam and probably passed that i just said F*** it and marked like “B”.
Ohai
I could not arrive at the answer for swaps question at the end of 50 series pm. I wasted quite a bit of time on it. I thought I knew the stuff really well.
Definately. I did all sorts of crazy calculations that I knew were wrong and the closest I got was like 7 grand off. Really got me pi$$ed because I locked swaps down in reviewing.
I am so relieved to hear you all saying this. To avoid violating CFA policy, I will just say that there was indeed a question that required quantitative calculations which I could not match an answer to no matter how many times I tried. I generally understood the topic and did not have trouble answering questions of a similar nature in the EOC, and yet for this particular problem, nothing I did seemed to work. After spending about 10-15 minutes, I convinced myself CFA had made an error and moved on.