Fixed income - sample v2 from the CFAI question, overall, income

svgleeson

Completed the Level 3 Version 2 from the CFA Institute / TestTrac site (the first $40 one)
I think the second item set on fixed income is hogwash. I don’t want to spoil the party for others, but most of those fixed income answers seemed extremely questionable at BEST.
Curious if anyone else feels same way. Got 70 overall, which makes me feel semi-OK, as long as they don’t pull too much of this BS.
the other question that was a bit sketchy was - just before call option expiration the stock is $1 below the strike price… so is the delta just under 50 since it’s just below the strike, or is it 0 since it’s out of the money and just before expiry ? I guess it depends on the definition of ‘just.’