Has anyone submitted an error to CFAI? process, errors, about

mamuka12

I logged in today and there is a form you can fill out about CFA Exam errors. Has anyone done this? What's the process like?

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

defour44

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

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.

ppls

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

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.

KungFuPanda

I tried all methods to solve it and i couldnt get an answer .. good luck

ayodayo

i was 100% ready to nail that type of question but it was just unintelligible to me. i had done literally 50+ different versions of that problem and practiced it the day before about 5x. and i just could not understand how the hell they were wording the language and how the stupid instrument was structured. it was so poorly worded, as if it to try to be confusing but making no sense whatsoever.

wxs1986

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.

random_walker47

Where was the error? I'll look it up on my copy.